Edit Your Comment
GBP/USD daily outlook
Member Since Oct 02, 2014
909 posts
Member Since Mar 25, 2015
74 posts
Dec 25, 2016 at 08:57
Member Since Apr 09, 2016
421 posts
The British pound fell against the dollar on Friday. By the end of the American session GBP/USD is trading at 1.2277, shedding 0.06%. I believe that the support is now located at the level of 1.2229, the low of today's trading, and resistance is likely at the level of 1.2504 - Monday's high.
Member Since Jul 10, 2014
1117 posts
Dec 26, 2016 at 13:31
Member Since Jul 10, 2014
1117 posts
csc2009 posted:
The Pound pressure remain on the downside, next immediate support zone around 1.2220/30.
I agree, the pair is quite bearish despite the holidays. It might even move towards 1.2160 - 1.2150 in the next few days.
Member Since Jul 10, 2014
1117 posts
Dec 27, 2016 at 13:56
(edited Dec 27, 2016 at 14:14)
Member Since Jul 10, 2014
1117 posts
The pair continues moving to the downside indeed and it will soon test the support at 1.2220. It would be unsurprising if it breaks below that level too.
Member Since Jul 10, 2014
1117 posts
Dec 29, 2016 at 15:46
(edited Dec 29, 2016 at 15:47)
Member Since Jul 10, 2014
1117 posts
GBP/USD bounced off 1.2200 but now it's moving to the downside and it will likely test that level again. Whether or not it will break below that support before 2017 remains to be seen.
Member Since Oct 02, 2014
909 posts
Jan 04, 2017 at 19:20
Member Since Nov 16, 2015
708 posts
The pound recorded a second consecutive loss against the dollar on Tuesday. The British currency continued negative momentum and as a result, the pair managed to break through the first support at 1.2237. Meanwhile the pair tested the second key level at 1.2197 after hitting bottom for the day at 1.2199, but the breakthrough was postponed. Tuesday session started at a price of 1.2270 and the rate of closure was 1.2236.
Jan 05, 2017 at 20:55
Member Since Nov 16, 2015
708 posts
The pound recovered ground against the dollar on Wednesday. The couple managed to get away from the support at 1.2197 and the breakthrough of the level was postponed. Short-term indicators remain in favor of the British currency. The session started at 1.2235, and the finale was put 88 pips higher. The trend was bullish, the highest value for the day was reached at 1.2352.
Member Since Oct 02, 2014
909 posts
Jan 08, 2017 at 08:36
Member Since Apr 09, 2016
421 posts
The pound recorded a powerful increase against the dollar on Thursday. So the couple continued the positive momentum from Wednesday, as two key levels at 1.2387 and 1.2425 were overcome. If the bullish trend remains high, resistance at 1.2507 will be tested soon. The session started at a price of 1.2323, while the pound gained 92 pips to finish. The maximum of the day was achieved at 1.2431.
Jan 09, 2017 at 07:47
Member Since Apr 09, 2016
421 posts
The British pound fell against the dollar on Friday. By the close of US trading GBP/USD was trading at 1.2284, shedding 1.08%. I believe that the support is now located at the level of 1.2198, Tuesday's low, and resistance is likely at the level of 1.2436 - the maximum of Thursday.
Member Since Feb 19, 2014
61 posts
Member Since Dec 30, 2015
19 posts
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.