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GBP/USD daily outlook

Nov 06, 2015 at 12:23
30,407 Views
1,302 Replies
Member Since Oct 03, 2013   15 posts
Oct 13, 2020 at 05:20
Overhead resistance was cleared and I think what we see now is just a throwback. We should see new highs today.
Member Since Feb 11, 2020   3 posts
Oct 13, 2020 at 05:24
Devhuti posted:
6th November 2015
check me out thanks
The GBPUSD had a bearish momentum yesterday bottomed at 1.5359. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below the H4 EMA 200 located around 1.5370 targeting 1.5300 or lower. Immediate resistance is seen around 1.5400. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains around 1.5505 area which remains a good place to sell with a tight stop loss. We will have some high impact news from the UK today: BOE inflation report, MPC official bank rate votes and monetary policy summary.
You are the size of your own dreams!
Member Since Nov 14, 2015   325 posts
Oct 13, 2020 at 09:59
Michel Barnier will give a briefing to the EU ministers later today on the state of negotiations
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