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GBP/USD daily outlook

alexforex007
May 05 2017 at 21:19
775 posts
The GBPUSD has rallied on the back of a weak US Dollar, but it may try to break above the 1.3000 level. To the downside, the 1.2900 may act again as support in case of a pullback.
Ari Goldman (arigoldman)
May 07 2017 at 12:19
909 posts
GBP/USD continues it's way to the upside. I'm expecting 3% this week!
idimitrov
May 07 2017 at 21:14
421 posts
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2980, gaining 0.45%.
 I believe that support is now at around 1.2829, Thursday's low, and resistance is likely at 1.2976, the high of Friday's trading.
fxtomasz2014 (fxtomasz2014)
May 07 2017 at 21:51
5 posts
1.34000 I will be looking for sell
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DAYTRADE-PROFIT (daytrade)
May 11 2017 at 07:25
9 posts
is the sterling going to meet and cross 1.30 area after today announcement, or its an opportunity:
Expect strong resistance below 1.3300 to bring larger down trend resumption, while we have first to meet 1.3080 . On the downside, break of 1.2860 support will indicate short-term topping. If it will fail to stay above the level it will be turned back to the downside for 1.2640 support




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victoriajensen
May 11 2017 at 14:57
1117 posts
GBP/USD bounced off from 1.2988 after forming a shooting star candlestick at that level on the four-hour time-frame as well as a double top, also at that level. The pair is testing the support at 1.2850 and a breakout below that level will likely lead to a further move to the downside towards 1.2800.
Ari Goldman (arigoldman)
May 13 2017 at 19:55
909 posts
GBP/USD did not make any interesting moves this week. Interesting to see how the next develops.
csc2009
May 14 2017 at 07:05
834 posts
Gbp/Usd bearish consolidation movement capped under 1.29 level, the pair needs clear breakout of 1.3000 level to confirm further gains, on the downside support zone are around 1.2830/20.
idimitrov
May 14 2017 at 16:33
421 posts
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2889, gaining 0.02%. I believe that support is now at around 1.2845, the low of today's trading, and resistance is likely to come in at 1.2992, Monday's high.
deresel
May 14 2017 at 16:52
708 posts
Key levels to watch for:
Support: 1.0815; 1.0550;
Resistance: 1.0980; 1.1130; 1.1280.
deresel
May 14 2017 at 18:54
708 posts
My mistake: wrong currency :D
Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090; 1.3270.
idimitrov
May 15 2017 at 06:26
421 posts
Initial sales on Thursday clearly showed a negative attitude on the part of market participants regarding the GBPUSD currency pair. This, however, was followed by a sharp and rapid change in sentiment, which triggered the price over the 13-year moving average.
The bounce was strong, although the 'cable' managed to correct only half of the downward movement from the previous day. The upward momentum remains up to date, indicating that the price has the potential to realize another ascending impulse.
idimitrov
May 15 2017 at 06:26
421 posts
GBPUSD - Buy at 1.2887
BASIC PARAMETERS

• Entry: 1.2887 (per market)
• Stop: 1.2850
• Limit: 1.2966
csc2009
May 15 2017 at 06:43
834 posts
The pair has no enough directional strength, any further gain would require break above the immediate resistance level around 1.2920/30.
Rebecca Pettersson (kerstin71)
May 15 2017 at 22:14
40 posts
It seems GBPUSD is rejecting the minor resistant 1.29057 ( high of April 18), but if you look closely , it is still holding the bullish breakout and re-testing the lower low trendline as support!

I will only take long position if the price action break the resistant 1.29057 by a daily closing. 1.31207 is the next probable destination for GBPUSD, and with a weaker dollar that is very possible.

All the best guys.

(Important: My chart is from Tickmil, and you need to update the price action according to your broker)




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Helping new traders
alexforex007
May 16 2017 at 18:59
775 posts
The GBPUSD is boxed between the 1.3000 as resistance and the 1.2800 as support. The oscillation around the 1.2900 zone continues, making it very difficult to trade this pair in the midterm.
Muhammad_Waseem
May 18 2017 at 07:01
1 posts
Long positions may be opened at the market price with targets at 1.2990, 1.3040 and stop-loss at 1.2900.

Alternatively, sell positions may be opened from the level of 1.2865 with target at 1.2780 and stop-loss at 1.2950.
victoriajensen
May 18 2017 at 15:01
1117 posts
GBP/USD finally found some resistance at 1.3050 and bounced off from that level after forming a shooting star candlestick on the four-hour time-frame. Next target is likely 1.2940.
deresel
May 18 2017 at 16:36
708 posts
The pound recorded a positive session against the dollar on Wednesday. So the pair came out of the narrow range that the last few days have not been changing. Resistance at 1.2987 was hit for a moment, but very quickly the dollar compensated for the losses and the pair finished below the key levels. Trading on Wednesday was opened at 1.2918, the trend being bullish in most of the time. Peak for the day was reached at 1.2989 and the final was 20 pips lower.
deresel
May 18 2017 at 16:38
708 posts
Key levels to watch for:
Support: 1.2801; 1.2757;
Resistance: 1.2987; 1.3057.
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