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GBP/USD daily outlook
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alexforex007

Member Since Oct 11, 2013  773 posts alexforex007 Jan 28 2016 at 23:27
Good rally on the GBPUSD, but the 1.4400 area may act as resistance. The bearish trend is still in place and the pair may go back down any time.

arigoldman

Member Since Oct 02, 2014  907 posts Ari Goldman (arigoldman) Jan 31 2016 at 21:52
It still has a lot way to go.

Positivity
dianajs

Member Since Dec 09, 2015  823 posts dianajs Feb 01 2016 at 07:22
It looks like correction might end next week. I won't be opening any new shorts before a breakout below 1.4078 though.

JakeSummers

Member Since Jan 11, 2016  7 posts Jake Summers (JakeSummers) Feb 04 2016 at 07:19
Just closed out my position at 1.4500, but I'm expecting at least 1.4600. This week is very heavy on macro news, so maybe the Non-Farm's will give us more confidence.

He who risks nothing, risks everything.
dianajs

Member Since Dec 09, 2015  823 posts dianajs Feb 05 2016 at 11:50
Probably. I am waiting for a breakout above 1.4600 to open longs.

arigoldman

Member Since Oct 02, 2014  907 posts Ari Goldman (arigoldman) Feb 05 2016 at 14:22
Yes, thank you, good recovery this week.

Positivity
dianajs

Member Since Dec 09, 2015  823 posts dianajs Feb 07 2016 at 15:13
I wonder how much lower it will fall. This could be the end of the correction.

alexforex007

Member Since Oct 11, 2013  773 posts alexforex007 Feb 10 2016 at 04:00
The 1.4600 level could be a good resistance for the GBPUSD, the 1.4400 could be a good support.

JakeSummers

Member Since Jan 11, 2016  7 posts Jake Summers (JakeSummers) Feb 10 2016 at 12:56
Attachments:

He who risks nothing, risks everything.
mlawson71

Member Since Dec 11, 2015  1487 posts mlawson71 Feb 11 2016 at 06:57
I think the pair will climb back to 1.4540, but I think it might be a little too late for longs.

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EURUSD 1.19201 GBPUSD 1.3387
USDJPY 104.421 USDCAD 1.29994

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