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GBP/USD daily outlook

Jan 26 2017 at 11:16
136 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"
Jan 26 2017 at 13:43
774 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.

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.

AlGauthier (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.

arigoldman (arigoldman)
Jan 28 2017 at 13:14
907 posts
I'm optimistic about the US dollar.

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.

eNyComics (eNyComics)
Jan 30 2017 at 08:11
36 posts
Im killing the market with these great skills of patients

"If you are makeing less than 500% a month you aren't doing it right!"
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.

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.

Jan 31 2017 at 12:11
708 posts
Key levels to watch for:
Support: 1.2408; 1.2252;
Resistance: 1.2672; 1.2775.

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