GBP/USD daily outlook
May 19, 2017 at 09:07
Pound / dollar had momentum up yesterday, making a peak at 1.2990. The trade signals are upward, but I note that we need a clear breakthrough over the key 1.2985 resistance for the sequel to the bullish test scenario at 1.3050 or higher. We have immediate support at 1.2930. A clear breakthrough underneath it could take the price to a neutral trading area testing 1.2880.
May 21, 2017 at 09:08
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3037, gaining 0.75%. I believe that support is now at around 1.2864, Tuesday's low, and resistance is likely at 1.3051, Thursday's high.
Member Since Oct 02, 2014
909 posts
May 21, 2017 at 18:34
Very good move last week. I'm expecting the upside trend to continue in the next.
Positivity
May 24, 2017 at 10:05
On Tuesday, the pound-dollar currency pair lost 40 pips of its value. The day was opened at a price of 1.3001 and began with the prevailing power of the bears. Just before noon, they recorded a bottom of 1.2953. The next few hours were volatile for the currency pair. The bulls managed to make a bigger move, breaking the resistance at 1.3030 and recording a peak of 1.3032, but at the end of the day the quote stayed away from these values at a price of 1.2961.
May 25, 2017 at 10:25
Pound / dollar attempted to decrease yesterday, reaching bottom at 1.2926, but closed higher at 1.2975. The couple adhered to the trendline of support. The signals are neutral, possibly with light bullish signals for testing the key resistance 1.3050, which should be clearly pierced for the sequel to the bullish scenario. Intraday support we have at 1.2930 / 25. A clear breakthrough below this zone may cause further bearings to test for 1.2880.
Member Since Jul 10, 2014
1117 posts
May 25, 2017 at 13:48
GBP/USD is stuck in a wide range between 1.3050 and 1.2925. So far there is no indication for a breakout, but the target to the downside should the pair fall below 1.2925 is likely 1.2850.
Member Since Oct 02, 2014
909 posts
May 27, 2017 at 15:25
Good move last week. I expect a change in trend for the short-term.
Positivity
Member Since Sep 19, 2016
2 posts
May 28, 2017 at 07:55
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May 29, 2017 at 06:12
The British pound was down against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.2804, losing 1.07%. I believe that support is now at around 1.2776, the low of Friday's trading, and the resistance is likely at 1.3044, Monday's high.
Member Since Jul 10, 2014
1117 posts
May 29, 2017 at 12:39
GBP/USD fell all the way to 1.2775 before it finally bounced off from that support after forming a hammer candlestick on the one-hour time-frame. Currently the pair is retracing and it will likely reach 1.2890 - 1.2900.
May 31, 2017 at 05:56
Pound / Dollar attempted to rise up yesterday, reaching a peak of 1.2850, but traded down earlier this morning, sliding below 1.2800. Expectations remain downside to testing support 1.2780, which is a good long-range area with narrow loss stops. A clear break below this level can clear the way down to 1.2700 - 1.2670 or lower. The first resistance is at 1.2850, whose breakthrough can take the price to a neutral zone with testing at 1.2900 / 25.
May 31, 2017 at 11:32
The British pound recorded a volatile session against the US dollar on Tuesday. The currency pair added only 20 pips at a closing price of 1.2857. Daytime extreme values were reached at 1.2793 and 1.2887 respectively. If the bearish trend of the last few sessions continues, we can expect a first support test at 1.2700.
Member Since Sep 19, 2016
2 posts
May 31, 2017 at 15:23
long!!! buy!!!
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