GBP/USD daily outlook
Member Since Dec 10, 2017
210 posts
May 25, 2018 at 07:15
The rate of the single currency at the beginning of the session on Thursday managed to rise against the US currency to 1.1746 against the background of the general weakening of the US dollar and the growing crosses with the euro. With the maximum reached, the price dropped to 1,1705. Pressure on it could provide news that former Prime Minister and leader of the party 'Forward, Italy' Silvio Berlusconi on a vote of confidence will vote against the new government.
Member Since Dec 10, 2017
210 posts
May 26, 2018 at 10:23
The British pound was down against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.3296, losing 0.63%. I believe that support is now at around 1.3295, the low of Friday's trading, and resistance is likely at 1.3491 - Tuesday's high.
May 27, 2018 at 06:27
YueWang posted:
Intraday Elliottwave Analysis: GBPUSD, no bottom sign yet
GBPUSD reached year-to-date new low at 1.3305.
Just as we discussed, it do break lower.
For Pound Futures, unless regain 1.3420, there's no major support until 1.3211.
Once reached, I expect a better base effort.
Above 1.3420, may re-test 1.3573/1.3609.
Daily support Levels: 1.3367 1.3337 1.3321 1.3291 1.3259
Daily resistance Levels: 1.3407 1.3413 1.3469 1.3499 1.3505
Intraday Trade Idea: (spot 1.3370, Asia market)
①Buy Latent Interest Order: 1.3291
②Buy Latent Interest Order: 1.3490
dude... it hit 1.33055 literally 2 days ago... but ye UK GDP came as expected so it might go a bit lower before it bounce, but I'm not gonna be the one pushing it down
Member Since May 23, 2018
9 posts
May 27, 2018 at 11:25
Will the cable be bullish for the week? Please advise..
Member Since Dec 10, 2017
210 posts
May 30, 2018 at 08:00
Pound/dollar expanded its bearish move yesterday, making the bottom of 1.3204. Signals remain bearish for testing 1.3150 in short terms. The closest resistance is at 1.3285. A clear break above this level can take the price to a neutral zone with testing 1.3350. I'm basically down and every bullish pressure should be considered as a good sales opportunity. On the downside, a clear breakthrough and daily closure below 1.3150 could open the doors to the psychological level of 1.3000 this week.
May 30, 2018 at 08:33
The British pound fell against the US dollar on Tuesday. The currency pair opened at 1.3307 and ended at 1.3249. The pound in the early hours of European trade fell sharply, breaking the level of support at 1.3300, reaching bottom for the day of 1.3204. In the event of a resistance break at 1.3300, we would expect a test at a level of 1.3456.
Member Since Oct 02, 2014
909 posts
Jun 01, 2018 at 11:33
GBPUSD is moving higher today, let's see how the news release affects the pair.
Positivity
Member Since Oct 02, 2014
909 posts
Jun 01, 2018 at 17:25
The Sterling could be mustering power for a rally, a correction is long due.
Positivity
Member Since May 23, 2018
9 posts
Jun 03, 2018 at 06:44
Short term bullish, long term bearish imo.
Jun 07, 2018 at 05:51
Elliottwave Analysis: GBPUSD, raise stop and add long positions
GBPUSD still consolidated around Ichimoku Tenkan-Sen.
Price also closed back above H4 upper bands.
I already bought some yesterday.
Holding 20% long positions from 1.3285, raise stop to 1.3290.
Today will add on dips toward 1.3378.
Ideally a small base is formed at 1.3296.
GBPUSD Trade Idea: (Spot 1.3406)
Buy Limit @ 1.3378 SL @ 1.3290 Take Profit @ 1.3500
GBPUSD still consolidated around Ichimoku Tenkan-Sen.
Price also closed back above H4 upper bands.
I already bought some yesterday.
Holding 20% long positions from 1.3285, raise stop to 1.3290.
Today will add on dips toward 1.3378.
Ideally a small base is formed at 1.3296.
GBPUSD Trade Idea: (Spot 1.3406)
Buy Limit @ 1.3378 SL @ 1.3290 Take Profit @ 1.3500
Attachments:
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forex_trader_528040
Member Since Jun 05, 2018
13 posts
Jun 07, 2018 at 12:21
The cable is on a long term down trend in my opinion.
forex_trader_528619
Member Since Jun 07, 2018
7 posts
Jun 08, 2018 at 07:58
I believe the current trend now is bullish.
Member Since Dec 10, 2017
210 posts
Jun 08, 2018 at 16:05
The British pound recorded a volatile session against the US dollar on Thursday. The currency pair opened at 1.3410 and the price bounced from the first resistance at 1.3465. Eventually, the pound ended at 1.3421 and if the direction continued upward, we could expect a new first resistance test at 1.3465. On the downside, the pair will head to the first support at 1.3310.
