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GBP/USD daily outlook

PERPETUUMMOBILE (PERPETUUMMOBILE)
Jan 26 2017 at 11:16
137 posts
GBP/USD daily chart
update to my signal from Jan. 19th
major entry signal:

2 possible BUY entry prices and 3 suggested exits:

(1.2345 + spread + 1 pip)
(1.2417 + spread + 1 pip)

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

Exit nr. 2 was reached this morning

"a little bit of knowledge is a dangerous thing"
alexforex007
Jan 26 2017 at 13:43
775 posts
An expected pullback on the GBPUSD for today, as the pair was clearly overbought and even though it has broken below the 1.2600 level, the bullish trend is still in place as long as it doesnt drop below the 1.2500 level.
victoriajensen
Jan 26 2017 at 14:45
1117 posts
GBP/USD finally found some resistance at 1.2673 and bounced off that level. For now it's retracing and its closest target is likely at 1.2530, which is the (MA)89 indicator on the one-hour time-frame.
Alexandre (AlGauthier)
Jan 26 2017 at 17:11
35 posts
Momentum seems definitely bearish in short term. If it breaks 1.2530, I would watch for a next support at around 1.2510 on a h1 chart.
Ari Goldman (arigoldman)
Jan 28 2017 at 13:14
909 posts
I'm optimistic about the US dollar.
csc2009
Jan 30 2017 at 03:38
834 posts
Gbp/Usd is consolidating while remains in the bullish territory short term, as long as the pair stay above 1.2510, upward potential might extend.
Jean-Pierre P. Aznavour II (eNyComics)
Jan 30 2017 at 08:11
36 posts
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idimitrov
Jan 31 2017 at 07:55
421 posts
The dollar fell because of an immigration policy of Trump. The pound sterling has appreciated by 0.2 percent to $1.2516, but still remains near the weekly low of $1.2466 against the background of market nervousness in anticipation of the Bank of England meeting on Thursday.
deresel
Jan 31 2017 at 12:09
708 posts
The pound recorded a slight decrease against the dollar during the first day of the week. British currency justified the negative expectations and the couple came to the support at 1.2408. If the downward momentum continues in the future, the key level will be breached. Session on Monday launched at a price of 1.2587 as bearish sentiment prevailed from the start. Once the bottom was reached during the day at 1.2465, the pound regained some of the lost positions. The finale was put on a course of 1.2485.
deresel
Jan 31 2017 at 12:11
708 posts
Key levels to watch for:
Support: 1.2408; 1.2252;
Resistance: 1.2672; 1.2775.
idimitrov
Jan 31 2017 at 13:13
421 posts
Pound/dollar had a bearish momentum yesterday, bottomed at 1.2465. The bias is bearish for now to test 1.2500 - 1.2465. Overall, however, the price is still in bullish phase after the bounce from 1.2000 psychological level and any downside pullback should be seen as a good opportunity for long positions with targets near 1.2790.
victoriajensen
Feb 03 2017 at 14:15
1117 posts
GBP/USD could not break below 1.2475 despite the US NFP today. It has formed a spinning top candlestick on the four-hour time-frame above that support and it will likely bounce off of it.
Ari Goldman (arigoldman)
Feb 05 2017 at 09:14
909 posts
I expect the sideways trading to continue.
alexforex007
Feb 07 2017 at 22:44
775 posts
Amazing comeback on the GBPUSD after starting the session to the downside, it rallies above the 1.2500 zone to come close to the 1.2600 level, but it stalls around the 1.2500. The pair may still try to reach the 1.2600 level and go back to its bullish trend.
idimitrov
Feb 08 2017 at 10:43
421 posts
Pound/Dollar attempted to push lower yesterday, formed a bottom at 1.2346, but turned up and closed higher at 1.2507. The bias is neutral, possibly with slight bullish signals for testing 1.2600. Intraday support is at 1.2450, whose breakthrough could lead to downward pressure on testing 1.2400 - 1.2350. Overall I remain neutral.
fxtrader2014
Feb 08 2017 at 14:16
61 posts
hiii can any help me where gpbusd move its up trend or down...
deresel
Feb 09 2017 at 11:14
708 posts
The pound continued upwards momentum and managed to add another 31 pips against the dollar. The day was volatile. The price by opening of session was 1.2507, as in the morning had bottomed at a rate of 1.2474. There were four strong bullish hours and a high at 1.2549. Ultimately session ended in the red for the dollar at a price of 1.2538 dollars per pound.
deresel
Feb 09 2017 at 11:16
708 posts
Key levels to watch for:
Support: 1.2420; 1.2120;
Resistance: 1.2558; 1.2690.
idimitrov
Feb 11 2017 at 13:23
421 posts
The British pound fell against the dollar on Friday. By the closing of US trading GBP/USD was trading at 1.24849, shedding 0.06%. I believe that the support is now located at the level of 1.2344, Tuesday's low, and resistance is likely at the level of 1.2585 - maximum of Thursday.
csc2009
Feb 13 2017 at 00:56
834 posts
Between President Trump's 'phenomenal' tax reform promise and much better-than-expected data from the UK last week, the pair bounced around 1.2500 level with downside seems limited to 1.2430.
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