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GBP/USD daily outlook
Member Since Oct 02, 2014
909 posts
Member Since Dec 10, 2017
210 posts
Aug 15, 2018 at 08:00
Member Since Dec 10, 2017
210 posts
Pound / dollar attempted to rise up yesterday with peak at 1.2827, but dropped then closed down to 1.2719. The signals remain bearish for testing at 1.2650 / 00. Resistance for the day is 1.2730, whose breakthrough can take the price to a neutral zone with testing at 1.2825. I still prefer the bear camp and any bullish pressure should be seen as a normal move and a good sales opportunity.
Member Since Oct 11, 2013
775 posts
Member Since Oct 02, 2014
909 posts
Member Since Dec 10, 2017
210 posts
Member Since Dec 10, 2017
210 posts
Member Since Oct 11, 2013
775 posts
Aug 24, 2018 at 07:07
Member Since Oct 11, 2013
775 posts
The GBPUSD seems to have finished with its bullish pullback and heads back down from the 1.2956 zone. However, the 1.2800 level may act as support. On the other hand, the downtrend is still in place in the midterm and the pair may try to continue lower.
Member Since Dec 10, 2017
210 posts
Member Since Oct 02, 2014
909 posts
Aug 31, 2018 at 20:53
Member Since Dec 11, 2017
229 posts
The pair has extended its consolidation movement to the downside and found immediate support around 1.2943/45. On the other hand, Brexit negotiation still seems optimism, meeting between EU and UK will continue another week. Well, it's a progress.
Member Since Dec 10, 2017
210 posts
Sep 03, 2018 at 22:15
Member Since Dec 11, 2017
229 posts
Possibility between the UK and the EU may reach an agreement have once again faded away, fears of ''no deal'' Brexit increased risks on the downside. The pair is currently consolidating in negative territory, immediate support can be found around 1.2850 and follow by 1.2800.
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