GBP/USD daily outlook

Nov 06, 2015 at 12:23
32,983 Views
1,302 Replies
Member Since Nov 14, 2015   325 posts
Nov 13, 2018 at 16:33
Draft brexit deal to be presented tomorrow. How big the rally will be depends on how much resistance it might face by the cabinet and parlament. But downside seems very limited now.
Member Since Nov 14, 2015   325 posts
Nov 13, 2018 at 18:43
Nor not, seems like deal hits strong opposition.
Member Since Dec 11, 2017   229 posts
Nov 14, 2018 at 01:47
Once again, Brexit related headlines about the EU and the UK agreed on a Brexit deal have been driven the pair and hit this week high. But it is still a long way ahead of us, the deal is yet to be approved by the UK's parliament, let's see.
Member Since Oct 02, 2014   909 posts
Nov 14, 2018 at 07:57
The pair reached the inflection point at the 100- and 50SMA and retreated to lower levels. I'm expecting it to touch the 1.28 level briefly before continuing to the upside.
Positivity
Member Since Nov 16, 2015   708 posts
Nov 14, 2018 at 08:09
GBP/USD: The pound rises in price for the second session in a row. The pound was supported by information that the European Union and the United Kingdom at the expert level agreed on the text of the Brexit agreement. The pound against the US dollar rose 0.2% during trading on Wednesday - to $1,3003 against $1.2977 at the close on Tuesday. Yesterday the British national currency has risen by 1% against the dollar.
Member Since Dec 11, 2017   229 posts
Nov 14, 2018 at 23:13
GBP/Usd had rollercoaster day while Brexit news kept coming. Currently, the pair is trading just under 1.30 level and lack of strong directional strength, I guess only Brexit headlines will tell us more clearly about where this pair going.
Member Since Dec 10, 2017   210 posts
Nov 15, 2018 at 06:43
Pound/dollar is moving in a range between 1.3040 and 1.2900. If the pair manages to break 1.3040, the next level is 1.3130. On the flip side, the pair will go back to 1.2900.
Member Since Oct 02, 2014   909 posts
Nov 16, 2018 at 12:35
I don't think GBPUSD found the bottom on the short term. I'm expecting another leg to 1.2660.
Positivity
Member Since Nov 14, 2015   325 posts
Nov 16, 2018 at 13:05 (edited Nov 16, 2018 at 13:06)
Its all headline driven. But with a motion of no confidence up on the table and polical headwind, upside should be limited in the coming days.
Member Since Nov 16, 2015   708 posts
Nov 16, 2018 at 14:08
GBP/USD: The rate of the pound sterling during the trading on Thursday demonstrates the maximum fall in 17 months on the news that three British ministers resigned at once because of disagreement with the draft agreement of the UK and the EU on Brexit.
On Thursday, the pound fell against the US dollar by 1.8% to $1.2762 per pound against $1.2972 at the close on Wednesday. The British currency almost completely erased the growth since the beginning of the year.
Member Since Dec 11, 2017   229 posts
Nov 17, 2018 at 00:43
GBP/Usd pulled up from yesterday's loss but remain bearish. As long as Brexit uncertainty continues, the Pound will remain under pressure. Eyes on European summit scheduled for Sunday next week.
Member Since Nov 14, 2015   325 posts
Nov 17, 2018 at 01:18
Watch out for Graham headlines in the weekend, if he where to confirm 48 letters, Mays position as PM might be over early next week.
Member Since Dec 11, 2017   229 posts
Nov 18, 2018 at 22:38
GBP/Usd seems going to recover the small gap, the pair is in the negative territory but showing no clear directional strength at the moment, 1.28 level acts as important support.
Member Since Oct 29, 2018   10 posts
Nov 19, 2018 at 11:20
Price at resistance level now. This pair is only going down so if resistance continue I will be shorting with a small stop loss. First target 1.2750 , second target open
Member Since Nov 16, 2015   708 posts
Nov 22, 2018 at 08:00
GBP/USD: The pair found support at 1.2770. If it manages to break 1.2800, the next resistance is at 1.2870, followed by 1.2910.
Member Since Oct 02, 2014   909 posts
Nov 22, 2018 at 10:44
Wow, big move to the upside.
Positivity
Member Since Aug 06, 2018   6 posts
Nov 22, 2018 at 15:18
The main trend is a downtrend, whatever happens to the pair he will continue going in his main downtrend even if the news today came optimistic to the GBP I think it will not break 1.30300 and will back to its main downtrend eventually. Now he is just moving in a horizontal movement around 23.6% Fibonacci

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Member Since Dec 11, 2017   229 posts
Nov 23, 2018 at 03:10
The pair holds on its gains and consolidation movement continues, but upside seems limited. Resistance can be seen at 1.2890/1.2900 and follow by 1.2930.
Member Since Nov 16, 2015   708 posts
Nov 23, 2018 at 09:38
deresel posted:
GBP/USD: The pair found support at 1.2770. If it manages to break 1.2800, the next resistance is at 1.2870, followed by 1.2910.

That was interesting... :) Let's see the development today.
Member Since Oct 02, 2014   909 posts
Nov 23, 2018 at 16:08
Moved down a bit today despite an alleged agreement, interesting to see what the next week brings.
Positivity
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