To use chat, please login.
Back to contacts

GBP/USD daily outlook

deresel
Apr 20 2017 at 11:05
708 posts
Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090 1.3270;

bestools
besttools
Apr 21 2017 at 09:43
898 posts
GBPUSD is down 0.11% at 1.2798 and a breakdown of 1.2766 (low Apr.19) would expose 1.2619 (200-day sma) and finally 1.2549 (20-day sma). On the upside, the next next resistance lines up at 1.2904 (high Apr.18) followed by 1.3125 (high Sep.22 2016) and then 1.3279 (high Sep.15)

idimitrov
Apr 22 2017 at 19:12
421 posts
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD is trading at 1.2826, gaining 0.11%. I believe that support is now at around 1.2513, Tuesday's low, and resistance is likely at 1.2909, Tuesday's high.

idimitrov
Apr 22 2017 at 19:14
421 posts
As expected, the lightweight bearish correction from Wednesday was only temporary. On Thursday, we saw renewed demand below the 1.2800 level, and although the bullish outcome was not particularly long, rejecting the lower values ​​was almost restored. This holds the 'cable' over the 200 MA.
Countering these positive facts, the price movement in the currency pair met support from investors during the Asian session of Friday. Conflicting signals indicate that timely analysis should be done with caution, although at this point I expect the corrective movement to deepen, forming lower bottoms.

idimitrov
Apr 22 2017 at 19:17
421 posts
GBP / USD - sale at 1.2810
BASIC PARAMETERS
• Entry: 1.2810 (per market)
• Stop: 1.2861
• Limit: 1.2736

Ari Goldman (arigoldman)
Apr 23 2017 at 12:31
907 posts
Good week for the Sterling. Maybe consolidation can be expected in the coming week and a slight correction to the downside before bulls attempt to go higher.

csc2009
Apr 23 2017 at 22:25
834 posts
It seems consolidation continues, the pair stay within the range between 1.2750 to 1.2860. In order to further gains, Pound needs to break above 1.29 level.

csc2009
Apr 24 2017 at 19:45
834 posts
Cable is holding around 1.2800 level, the pair is consolidating in a narrow range between 1.2755 to 1.2860 while still remain in the positive territory. Any break out would confirm clear direction.

Rebecca Pettersson (kerstin71)
Apr 24 2017 at 19:56
40 posts
French Election could effect more as Macron seems to be ahead in the 2nd round. Macron is anti UK due to the Brexit.

Technical chart is at the resistant zone but momentum is Bullish . However GBPUSD must break the previous Lower Low trendline ( Low of April 13, 2015 and Feb 29, 2016)

Check my Tickmil chart, and you need to update the price action according to your broker)




Attachments:


Helping new traders
ChangGoh
Apr 25 2017 at 10:26
36 posts
GBP/USD:
The GBP/USD pair prolonged its consolidative price action and is currently placed closer to the lower band of its five-day old trading range, near 1.2775 levels.
 
The pair traded with mild bearish bias for the third consecutive session and continued with its struggle to build on previous week's strong up-surge led by the UK PM Theresa May's announcement to call for a snap election on June 8th.

GBP/USD Technical Levels:
On a sustained break below 1.2775-70 support, leading to a subsequent break below mid-1.2700s, would turn the pair vulnerable to aim back towards 1.2710-1.2700 support area. On the flip side, momentum back above the 1.2800 handle might continue to confront resistance near 1.2835-40 resistance area, above which a fresh bout of buying interest is likely to lift the pair back towards reclaiming the 1.2900 handle with some intermediate resistance near 1.2870-75 zone.

Trend Index:
Bullish

Please login to comment .