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GBP/USD daily outlook
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Devhuti

Member Since Dec 31, 2014  85 posts Devhuti Nov 23 2015 at 07:47
The GBPUSD attempted to push higher last week topped at 1.5335 but whipsawed to the downside and broke below the bullish channel and the H1 EMA 200 as you can see on my H1 chart below, suggests a potential bearish scenario. The bias is bearish in nearest term testing 1.5090 area. Immediate resistance is seen around 1.5200/25 area which seems to be a good place to sell with a tight stop loss.mail me at shailesh_goswami(at)yahoo(dot)com

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alexforex007

Member Since Oct 11, 2013  681 posts alexforex007 Nov 26 2015 at 22:23
The GDP numbers from the United Kingdom may decide the direction on the GBPUSD. Lets see how they come out this Friday.

arigoldman

Member Since Oct 02, 2014  855 posts Ari Goldman (arigoldman) Nov 29 2015 at 12:09
There could be an opportunity to go long this week.

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Devhuti

Member Since Dec 31, 2014  85 posts Devhuti Nov 30 2015 at 08:08
The GBPUSD regained its bearish momentum last week, broke below the minor bullish channel as you can see on my H1 chart below suggests a bearish outlook. The bias is bearish in nearest term testing 1.5000 psychological support. A clear break and daily close below that area could trigger further bearish scenario testing 1.4850 region. Immediate resistance is seen around 1.5070. A clear break above that area could lead price to neutral zone in nearest term testing 1.5130 area.

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arigoldman

Member Since Oct 02, 2014  855 posts Ari Goldman (arigoldman) Dec 06 2015 at 13:07
Well that's great! What a month already.

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Devhuti

Member Since Dec 31, 2014  85 posts Devhuti Dec 07 2015 at 08:03
The GBPUSD was indecisive last week. The bias is neutral in nearest term. Immediate resistance is seen around the trend line resistance and 1.5200 area as you can see on my H1 chart below which is a good place to sell with a tight stop loss targeting 1.5000 region. Immediate support is seen around 1.5080. A clear break below that area could trigger further bearish pressure testing 1.5000 region. My major technical outlook remains neutral.

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alexforex007

Member Since Oct 11, 2013  681 posts alexforex007 Dec 08 2015 at 05:24
The bearish trend is still in place for the GBPUSD, but the 1.4900 level could be a good support still.

Devhuti

Member Since Dec 31, 2014  85 posts Devhuti Dec 09 2015 at 08:53
I looked at the charts today and see that there was very little price action on most of the currency pairs. Traders I have looked at the charts and I have to say I do not like what I am seeing as there is very little price action. I would think this is that in a week the FOMC will announce the interest rate and if they are going to raise it, Traders are just staying on the side. Trades my suggestion is to trade a demo account……
Plan Your Trade and Trade your Plan !
OK let us take a look at the currency pair of the day that is the GBPUSD- This is the 30 minute chart.l have looked at this chart and remains in a very nice down trend. I would like to see price action give us a nice bearish candle below the daily pivot and we can enter this trade at the price of 1.4994. I am looking for a retest of the pivot for conformation. I would like to take profit at the support zone as marked on the chart and the S1 pivot point at the price of 1.4947. This could be a nice 40 pip trade today all we need is price action.

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arigoldman

Member Since Oct 02, 2014  855 posts Ari Goldman (arigoldman) Dec 12 2015 at 16:59
Wait until the FED, guys.

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arigoldman

Member Since Oct 02, 2014  855 posts Ari Goldman (arigoldman) Dec 20 2015 at 20:20
Looking to enter long.

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Current Account Balance (QoQ) (17 min)
China: Impact on GDP and inflation of US...(6 min ago)
EURUSD 1.1681 GBPUSD 1.3144
USDJPY 112.145 USDCAD 1.29214

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