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GBP/USD daily outlook

idimitrov
May 19 2017 at 09:07
421 posts
Pound / dollar had momentum up yesterday, making a peak at 1.2990. The trade signals are upward, but I note that we need a clear breakthrough over the key 1.2985 resistance for the sequel to the bullish test scenario at 1.3050 or higher. We have immediate support at 1.2930. A clear breakthrough underneath it could take the price to a neutral trading area testing 1.2880.

csc2009
May 19 2017 at 09:27
834 posts
Cable couldn't remain above 1.3000 level, increase the chance of further decline, immediate support can be found around 1.2900/1.2880 zone.

idimitrov
May 21 2017 at 09:08
421 posts
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3037, gaining 0.75%. I believe that support is now at around 1.2864, Tuesday's low, and resistance is likely at 1.3051, Thursday's high.

Ari Goldman (arigoldman)
May 21 2017 at 18:34
907 posts
Very good move last week. I'm expecting the upside trend to continue in the next.

csc2009
May 24 2017 at 06:59
834 posts
Cable continue it's consolidation, risk remains on the downside. On the upside, 1.3000 act as psychological resistance level and follow by 1.3120.

deresel
May 24 2017 at 10:05
708 posts
On Tuesday, the pound-dollar currency pair lost 40 pips of its value. The day was opened at a price of 1.3001 and began with the prevailing power of the bears. Just before noon, they recorded a bottom of 1.2953. The next few hours were volatile for the currency pair. The bulls managed to make a bigger move, breaking the resistance at 1.3030 and recording a peak of 1.3032, but at the end of the day the quote stayed away from these values ​​at a price of 1.2961.

deresel
May 24 2017 at 10:16
708 posts
Key levels to watch for:
Support: 1.2860; 1.2690;
Resistance: 1.3030; 1.3220; 1.3440.

idimitrov
May 25 2017 at 10:25
421 posts
Pound / dollar attempted to decrease yesterday, reaching bottom at 1.2926, but closed higher at 1.2975. The couple adhered to the trendline of support. The signals are neutral, possibly with light bullish signals for testing the key resistance 1.3050, which should be clearly pierced for the sequel to the bullish scenario. Intraday support we have at 1.2930 / 25. A clear breakthrough below this zone may cause further bearings to test for 1.2880.

victoriajensen
May 25 2017 at 13:48
1117 posts
GBP/USD is stuck in a wide range between 1.3050 and 1.2925. So far there is no indication for a breakout, but the target to the downside should the pair fall below 1.2925 is likely 1.2850.

Ari Goldman (arigoldman)
May 27 2017 at 15:25
907 posts
Good move last week. I expect a change in trend for the short-term.

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