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GBP/USD daily outlook

victoriajensen
Jan 12 2017 at 13:41
1117 posts
For now the pair is bullish - a breakout above 1.2300 will likely lead to a further move to the upside towards the previous high at 1.2431.
Ari Goldman (arigoldman)
Jan 13 2017 at 16:20
909 posts
Bearish on the Sterling.
idimitrov
Jan 15 2017 at 08:31
421 posts
The British Pound was up against the US Dollar on Friday. By the close of US trading GBP/USD was trading at 1.2174, gaining 0.12%. I believe that the support is now located at the level of 1.2036, Wednesday's low and resistance is likely at the level of 1.2318 - the maximum of Thursday.
deresel
Jan 15 2017 at 10:14
708 posts
Key levels to watch for:
Support: 1.2150;
Resistance: 1.2360; 1.2515; 1.2700.
csc2009
Jan 16 2017 at 23:17
834 posts
The pair is trading in a relatively tight range around 1.20/21 after a big gap, but Pound is very fragile and highly dependable on political factor, all focus on May tomorrow. I'm expecting further decline, next target will be at 1.1900 zone.
Jean-Pierre P. Aznavour II (eNyComics)
Jan 17 2017 at 07:54
36 posts
Devhuti posted:
6th November 2015

The GBPUSD had a bearish momentum yesterday bottomed at 1.5359. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below the H4 EMA 200 located around 1.5370 targeting 1.5300 or lower. Immediate resistance is seen around 1.5400. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains around 1.5505 area which remains a good place to sell with a tight stop loss. We will have some high impact news from the UK today: BOE inflation report, MPC official bank rate votes and monetary policy summary.

Bullish on GRPUSD
Bearish on EURGRP
"If you are makeing less than 500% a month you aren't doing it right!"
victoriajensen
Jan 17 2017 at 12:24
1117 posts
GBP/USD rallied immensely after Theresa May's speech, the next target is likely at 1.2300.
Richard Bills (RichardBills)
Jan 17 2017 at 15:44
74 posts
Quite a rally for the pair recently after May's speech, indeed! Like a roller coaster falling down fast and now back up breaking the strong resistance level at 1.2310 and moving further upwards. MACD is close to the zero line while momentum is very bullish.
fxtrader2014
Jan 17 2017 at 17:06
61 posts
hii any help me how long gu have support its already go 1.396 so please help me when its reactment
csc2009
Jan 17 2017 at 23:30
834 posts
May paint a quite clear picture, Pound rebound after her speech, aiming 1.2500 region. But uncertainty remains, I still expect Pound remains under pressure for the coming month.
deresel
Jan 18 2017 at 11:59
708 posts
The pound recorded a powerful increase against the dollar on Tuesday. British currency registered its biggest one-day rise in nearly a decade. So resistance at 1.2314 was breached and the pair made a test on the second level at 1.2425. Short-term expectations remain in favor of the pound. Trade was opened at a price of 1.2044 as bulls guided currencies from the beginning. The rally of the pound strengthened after the statement of Theresa May on Brexit votes and so the closing price coincided with the highest value for the day - 1.2414.
deresel
Jan 18 2017 at 12:01
708 posts
Key levels to watch for:
Support: 1.2034; 1.1627;
Resistance: 1.2314; 1.2425;
victoriajensen
Jan 18 2017 at 13:48
1117 posts
For now the pair is retracing after the considerable move to the upside yesterday. The closest target is likely around 1.2245, which is the (MA)89 indicator on the four-hour time-frame.
csc2009
Jan 18 2017 at 23:43
834 posts
Yesterday's gain seems short-lived, the Pound has pulled back and risk remain towards the downside, next resistance level can be found at 1.2200/2190 zone. Uncertainty is still high, many unknown still ahead of us.
idimitrov
Jan 19 2017 at 11:12
421 posts
Pound/dollar has strong momentum down yesterday, formed a bottom at 1.2253. Currently the price tests 1.2270 resistance. A clear break above this level will take price to neutral trading zone testing 1.2400. The bias is neutral, possibly with slight bearish signals in the short term to test 1.2100 - 1.2080. Immediate support is seen at 1.2200.
victoriajensen
Jan 19 2017 at 14:58
1117 posts
The pair bounced off 1.2250 after forming a spinning top candlestick on the four-hour time-frame. Next target is likely 1.2345.
stian
Jan 19 2017 at 16:37
325 posts
Think it will stay rangebound in 1.22 - 1.24 for a while. There is strong fairly strong resistance found just above 1.24, and just below 1.22 after all. And there isn't much major stuff to push the GBP on either side coming up.
alexforex007
Jan 19 2017 at 20:36
775 posts
Good rally on the GBPUSD, the bullish trend is back in place and the pair may go and visit the 1.2600 level in the next few weeks.
PERPETUUMMOBILE (PERPETUUMMOBILE)
Jan 19 2017 at 22:13
137 posts
GBP/USD daily chart
major entry signal (buy)

place a buy order at the high from yesterday (1.2345 + spread + 1 pip)
if the first entry is missed, a second entry is possible at (1.2417 + spread + 1 pip)

place your SL at 1.2000

exit 1: near 1.2550
exit 2: near 1.2650
exit 3: near 1.3060

"a little bit of knowledge is a dangerous thing"
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