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GBP/USD daily outlook
Member Since Oct 02, 2014
909 posts
Member Since Oct 11, 2013
775 posts
Jun 10, 2018 at 06:20
Member Since Oct 11, 2013
775 posts
Not a clear direction on the GBPUSD during the past three days. The pair is oscillating around the 1.3400 level but the death cross is still in place on the daily chart, showing us that the pair may continue lower. To the downside, the 1.3300 level may act as support and the 1.3500 level may act as resistance.
Member Since Dec 10, 2017
210 posts
Jun 15, 2018 at 12:29
Member Since Dec 10, 2017
210 posts
Initially pound / dollar had an ascending momentum yesterday, but then dropped and made the bottom at 1.3256. This fact keeps the bears' phase strong. Signals are descending in short terms for testing 1.3204 / 00. The closest resistance is at 1.3300, whose breakthrough can take the price to a neutral trading area. Any upward pressure can be seen as a good opportunity for short positions.
Member Since Oct 02, 2014
909 posts
Member Since Dec 10, 2017
210 posts
Member Since Oct 02, 2014
909 posts
Jul 05, 2018 at 11:50
Member Since Nov 16, 2015
708 posts
The British pound recorded a modest rise against the US dollar on Wednesday. The session started at 1.3189 and the price managed to break the first resistance at 1.3200. Eventually, the pair ended at 1.3225 and if the bullish trend continues, we can expect an attempt to break the next resistance at 1.3300.
Member Since Oct 02, 2014
909 posts
Member Since Dec 10, 2017
210 posts
Jul 12, 2018 at 14:09
Member Since Dec 10, 2017
210 posts
Pound / dollar fell yesterday, reaching a bottom of 1.3200, and earlier today hit 1.3189. The outlook is down to testing the support of 1.3100 - 1.3050, especially if the price can make a clear breakthrough and a convincing move below 1.32. Resistance for the day is 1.3225. A clear break above this level could take the pair into a neutral trading area with testing at 1.3275 or higher.
Member Since Dec 10, 2017
210 posts
Jul 13, 2018 at 08:04
Member Since Dec 10, 2017
210 posts
Pound / dollar was indecisive yesterday, but still managed to keep the downside after failing to break the EMA 200. The price continues to notice lower tops and bottoms on daily chart, and earlier today hit 1.3164. The signals remain bearish in the short term to test support 1.3100 - 1.3050. Immediate resistance remains 1.3225, whose breakthrough can take the price to a neutral zone for testing 1.3275.
Jul 13, 2018 at 08:43
Member Since Nov 16, 2015
708 posts
The British pound did not find a direction against the US dollar on Thursday. The currency pair opened at 1.3203, closing unchanged. The pound did not find a direction throughout the day, as we would expect the pair to test the next level of support at 1.3135. Otherwise, breaking the resistance at 1.3300, we would expect the upward movement to resume.
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