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GBP/USD daily outlook

Mar 26 2017 at 07:25
12 posts
<a href='' target='_blank'>march2417_gbpusd_chris.png</a>

Mar 27 2017 at 05:20
834 posts
Gbp/Usd pushed higher towards 1.2530 level in response to Dollar weakness but still within the range, a break above 1.2530 level would lead to 1.2569/70 zone.

Baldo (BaldoN)
Mar 27 2017 at 10:12
522 posts
GBP/USD - The pound is showing strong rising today and I expect that this will continue up to 1.2660/80. Perhaps not today, but until tomorrow... :)

Mar 29 2017 at 08:35
898 posts

Premier has signed the letter which will trigger Article 50 tomorrow, starting negotiations for the UK to leave the EU.😕

Mar 30 2017 at 10:49
708 posts
The British pound registered a volatile session against the dollar on Wednesday. The pair opened at 1.2448 and ended at 1.2432. The graphics continue to develop between moving average, while the index of relative strength remained on neutral territory. In the short term outlook remains neutral as overcoming the levels at 1.2516 or 1.2360 will determine prevailing attitudes.

Mar 30 2017 at 10:51
708 posts
Key levels to watch for:
Support: 1.2360; 1.2150;
Resistance: 1.2516; 1.2700.

Forex Protect
Mar 30 2017 at 14:36
183 posts

At the upside, daily cloud top at 1.2473, reinforced by Tenkan-sen line, marks the first upper trigger, with extension above 1.2500 (top of hourly Ichimoku cloud that caps near-term action) needed to signal stronger upside attempts. On the downside, loss of 1.2420/13 pivots would risk fresh weakness towards lower triggers at 1.2360/56 (daily Kijun-sen / cloud base) and signal bearish continuation on firm break lower. Res: 1.2466; 1.2473; 1.2500; 1.2522Sup: 1.2414; 1.2395; 1.2356; 1.2338.

Ari Goldman (arigoldman)
Mar 31 2017 at 14:27
907 posts
GBP/USD held its ground after Article 50 was triggered. The pair looks strong enough to make a move to the upside next week.

Mar 31 2017 at 14:27
1117 posts
GBP/USD is consolidating sideways above 1.2400 - 1.2410 and if it breaks out below that level it will likely continue falling.

Mar 31 2017 at 16:40
421 posts
Pound/Dollar tried to lift up in the end of the week, topped at 1.2539. Overall price is still in the downward phase after break below the bullish price channel, but has not yet managed to stay convincingly below EMA 200 and moves in the minor ascending channel. The outlook is neutral for now, perhaps with slight bullish signals for testing 1.2550. The nearest support is at 1.2475. A clear break below that area could trigger further downside pressure testing a key support 1.2375, which needs to be clearly pierced down for the continuation of the bearish scenario.

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