GBP/USD daily outlook
Member Since Jul 12, 2016
78 posts
May 15, 2019 at 11:43
In daily time frame as anticipated, GBPUSD trend looks slightly bullish. Price action is falling down, not stepping up and Forex traders could easily notice that market is printing higher swing highs and higher swing lows. Key support level is present at 1.2865 price area, based on most recent swing low in daily chart GBPUSD.
Average Earnings Index 3m/y news came out on Tuesday for the GBP with bad numbers. Technically; bullish trend could take price action towards next resistance target at 1.3400. As the trend is still bullish, Forex traders should consider only long trades and no trade against the current GBPUSD bullish trend. However; a clear bearish break down in price action below 1.2865 key support area will end the bullish momentum. Henceforth, currency traders may jump at the chance to stay out of the market and re-inspect the GBPUSD Spot Forex pair.
Average Earnings Index 3m/y news came out on Tuesday for the GBP with bad numbers. Technically; bullish trend could take price action towards next resistance target at 1.3400. As the trend is still bullish, Forex traders should consider only long trades and no trade against the current GBPUSD bullish trend. However; a clear bearish break down in price action below 1.2865 key support area will end the bullish momentum. Henceforth, currency traders may jump at the chance to stay out of the market and re-inspect the GBPUSD Spot Forex pair.
Member Since Oct 11, 2013
775 posts
Jun 04, 2019 at 23:36
Good retracement on the GBPUSD to the 1.2700 level, but it could continue higher to the 1.2800 level. A real breakdown below the 1.2600 level could accelerate its bearish trend.
Member Since Jun 16, 2018
3 posts
Jun 05, 2019 at 10:42
My TP1 (first TP/Target) is 1.2813 area - High 'Spike' May 5, 2019.
Attachments:
Don't worry be happy
Member Since Jun 16, 2018
3 posts
Jun 05, 2019 at 10:42
Correction: High Spike May 21, 2019
Don't worry be happy
Member Since Jul 22, 2013
216 posts
Mar 18, 2020 at 14:25
gbp in fall ...
Attachments:
SNF-Complex system - build in 2007 \ Tested from 1970.
Member Since Apr 25, 2012
285 posts
Mar 18, 2020 at 15:01
Such sharp down trend not seen in years.
Member Since Sep 25, 2013
24 posts
Aug 11, 2020 at 06:52
Calacti posted:
Do all the brokers provide indicators for the USD index?
No. But you can use tradingview. The symbol is DXY.
forex_trader_1955784
Member Since Sep 30, 2020
13 posts
Oct 12, 2020 at 09:42
There seems to be a downward movement today and it might continue that way for a few days. Although GBP/USD might go down.
Oct 12, 2020 at 18:40
New lockdown restrictions, BoE further confirming their intent to add negative interest rate to their toolbox to be used if necessary (and data is disapointing), all negative in the future, but the big driver will still be if any kind of deal is struck by Thursday or not. Plenty of optimism is already priced in. But it seems increasingly unlikely that a comprehensive deal that both UK and EU can agree upon will be struck, some barebone deal maybe.
