GBP/USD daily outlook

Devhuti
Devhuti
Nov 06, 2015 at 12:23
31,681 Views
1,302 Replies
alexforex007
alexforex007
Member Since Oct 11, 2013   775 posts
Jan 28, 2016 at 23:27
Good rally on the GBPUSD, but the 1.4400 area may act as resistance. The bearish trend is still in place and the pair may go back down any time.
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arigoldman
arigoldman
Member Since Oct 02, 2014   909 posts
Jan 31, 2016 at 21:52
It still has a lot way to go.
Positivity
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Feb 01, 2016 at 07:22
It looks like correction might end next week. I won't be opening any new shorts before a breakout below 1.4078 though.
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JakeSummers
JakeSummers
Member Since Jan 11, 2016   7 posts
Feb 04, 2016 at 07:19
Just closed out my position at 1.4500, but I'm expecting at least 1.4600. This week is very heavy on macro news, so maybe the Non-Farm's will give us more confidence.
He who risks nothing, risks everything.
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Feb 05, 2016 at 11:50
Probably. I am waiting for a breakout above 1.4600 to open longs.
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arigoldman
arigoldman
Member Since Oct 02, 2014   909 posts
Feb 05, 2016 at 14:22
Yes, thank you, good recovery this week.
Positivity
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Feb 07, 2016 at 15:13
I wonder how much lower it will fall. This could be the end of the correction.
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alexforex007
alexforex007
Member Since Oct 11, 2013   775 posts
Feb 10, 2016 at 04:00
The 1.4600 level could be a good resistance for the GBPUSD, the 1.4400 could be a good support.
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JakeSummers
JakeSummers
Member Since Jan 11, 2016   7 posts
Feb 10, 2016 at 12:56
This is what I see as a possibility.

https://www.tradingview.com/chart/GBPUSD/dz6QtXbe-GBPUSD-Bullish-ABCD/
Attachments:

attachedImage
He who risks nothing, risks everything.
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mlawson71
mlawson71
Member Since Dec 11, 2015   1487 posts
Feb 11, 2016 at 06:57
I think the pair will climb back to 1.4540, but I think it might be a little too late for longs.
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arigoldman
arigoldman
Member Since Oct 02, 2014   909 posts
Feb 11, 2016 at 11:12
Waiting to go long soon.
Positivity
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JakeSummers
JakeSummers
Member Since Jan 11, 2016   7 posts
Feb 12, 2016 at 11:29
If 1.43500 doesn't hold my bias will change to sell.
He who risks nothing, risks everything.
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Soyo24
forex_trader_300882
Member Since Jan 25, 2016   14 posts
Feb 14, 2016 at 07:32
I think longer term its going lower. Short term I don't have an opinion.
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Feb 14, 2016 at 10:03
I think that the pair might climb a little higher, towards 1.4600, but apart from that I agree that the general trend is bearish and we'll see a further decline on a long-term basis.
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JakeSummers
JakeSummers
Member Since Jan 11, 2016   7 posts
Feb 15, 2016 at 07:30
1.4800 and maybe 1.5000. Don't bet your house, but it wouldn't surprise me.
He who risks nothing, risks everything.
Message
mlawson71
mlawson71
Member Since Dec 11, 2015   1487 posts
Feb 15, 2016 at 12:50
Range has to end first though. For now the closest target is 1.4550.
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alexforex007
alexforex007
Member Since Oct 11, 2013   775 posts
Feb 17, 2016 at 03:25
possible breakdown of the 1.4300 level on the GBPUSD, the 1.4500 could act as resistance in case of a pullback.
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mlawson71
mlawson71
Member Since Dec 11, 2015   1487 posts
Feb 18, 2016 at 11:49
It might be time for longs again, what with that spinning top candlestick on the daily time frame above the support. The pair will probably reach 1.4400.
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alexforex007
alexforex007
Member Since Oct 11, 2013   775 posts
Mar 02, 2016 at 03:06
The 1.4000 level could keep acting as resistance, but a breakout of that level could take the price on the GBPUSD to the 1.4100 level. To the downside, the 1.3833 level could act as support.
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dianajs
dianajs
Member Since Dec 09, 2015   823 posts
Mar 02, 2016 at 15:23
It broke above 1.4000 and it will probably reach 1.4100.
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