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GBP/USD daily outlook

Aug 03 2016 at 09:10
708 posts
Key levels to watch for today:
Support: 1.3051; 1.2790;
Resistance: 1.3342; 1.3496.

Aug 03 2016 at 10:17
1117 posts
GBP/USD is testing the resistance at 1.3350. A possible breakout above that level could lead to a further move to the upside towards the previous high at 1.3480.

Aug 04 2016 at 11:21
325 posts
BoE cut the rate as expected, but surprised the market with a QE expansion.

Aug 05 2016 at 02:33
834 posts
Gbp/Usd further decline towards 1.3100 zone is expected after the consolidation, strong US employment report will send the pair targeting 1.3000 level.

Aug 05 2016 at 11:42
1117 posts
The pair bounced off 1.3100 and is currently testing 1.3165. A breakout above that level would lead to a further move to the upside towards 1.3190 - 1.3200, but that also depends on the US Non-farm payrolls.

Ari Goldman (arigoldman)
Aug 06 2016 at 12:59
907 posts
Bearish on the pair.

Aug 09 2016 at 03:25
774 posts
The GBPUSD is finding difficulties in breaking below the 1.3000 level. Possible bullish bounce.

Aug 09 2016 at 12:31
1117 posts
It broke below 1.3000, its first target will likely be 1.2900, but it might continue falling below that level too.

Aug 13 2016 at 02:50
834 posts
The Pound remains under pressure after Dollar's recovery, further decline might be expected if the pair break the immediate support level 1.2900.

Aug 14 2016 at 08:10
421 posts
The British pound fell against the dollar on Friday. By the end of trading session GBP/USD was traded at 1.2914, shedding 0.32%. I believe that the support is now located at the level of 1.2904, the low of Friday's trading, and resistance is likely to be at the level of 1.3097 - Monday's high.

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