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GBP/USD daily outlook
Member Since Dec 11, 2015
1487 posts
Mar 06, 2016 at 10:01
Member Since Dec 11, 2015
1487 posts
It's currently testing the resistance at 1.4220, a breakout above that level will mean it will likely continue rising much higher.
Member Since Oct 11, 2013
775 posts
Member Since Oct 11, 2013
775 posts
Member Since Oct 02, 2014
909 posts
Member Since Oct 11, 2013
775 posts
Member Since Oct 11, 2013
775 posts
Member Since Oct 02, 2014
909 posts
Mar 18, 2016 at 14:06
Member Since Dec 09, 2015
823 posts
arigoldman posted:
I exited my position, too uncertain.
I agree. It's testing the resistance at 1.4490 - 1.4500, but today's Friday and the market will close later today. It could break above the resistance, but I'm not sure how good of an idea it is to open such a new position at this time.
Mar 26, 2016 at 03:30
Member Since Nov 14, 2015
325 posts
It will likely return to 1.4070 - 1.4100 levels on Monday. No coming support for a rate hike from BOE, a hike from the Feds is still likely. All while you have brexit risk, with growing support. Telegraph poll about a week ago at 49% to leave - 47% to stay, all while leave was below 40 first half of 2015, and below 45 all of the remaing of the year, EU terrorism doesn't help the numbers.
Member Since Dec 11, 2015
1487 posts
Mar 26, 2016 at 09:47
Member Since Dec 11, 2015
1487 posts
I too think it will fall towards 1.4070. Once it reaches that support it will become clearer whether it will continue falling or not.
Member Since Mar 28, 2016
93 posts
Mar 29, 2016 at 06:10
Member Since Mar 28, 2016
93 posts
The GBPUSD had a bearish momentum last week bottomed at 1.4057. The bias is bearish in nearest term testing 1.4050. A clear break and daily close below that area could trigger further bearish pressure testing 1.3900 area. Immediate resistance is seen around 1.4200. A clear break and daily close above that area could trigger further bullish pressure testing 1.4300 – 1.4400 area. My major technical outlook remains neutral but as long as stays below 1.4200 I prefer a bearish scenario at this phase.
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