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GBP/USD daily outlook

Ari Goldman (arigoldman)
Jun 11 2017 at 19:23
907 posts
I'm expecting a bullish move to pre-election levels.

Jun 12 2017 at 04:10
94 posts
The GBPUSD fell to a 7-week low last week after UK exit poll result indicated a potential hung parliament, bottomed at 1.2635 but closed higher at 1.2743. From a 4H chart perspective as you can see on my H4 chart below, we have a pin bar formed after slipped below 1.2670 support area suggests a potential bullish pressure especially if price able to make a clear break and daily close back above 1.2780 testing 1.2900 region. On the downside, a clear break and daily close below 1.2670/35 would expose 1.2500 region.

Jun 12 2017 at 06:10
25 posts
Initial target is 1,2515 or even 1,2350

Buy Low- Sell High
Jun 12 2017 at 06:15
834 posts
Pound seems stabilise around 1.274 level after sharp drop from Friday, but with political uncertainty and the UK's weaken position in soon-to-start Brexit negotiation, the pair will likely to continue its downward trend.

Jun 12 2017 at 07:43
33 posts
After having founding strong support near 1.2710 levels, the GBP/USD pair regained poise in the Asian trades, now accelerating the gain towards the next key resistance located at 1.2780, as dust settles over the UK general election aftermath.

The spot is back on the bids, despite mixed market sentiment and rallying treasury yields, as the GBP bulls make another attempt to take on the recovery from seven-week lows of 1.2632, in a bid to regain 1.28 handle.

Jun 12 2017 at 12:12
1117 posts
For now GBP/USD remains very bearish and it will likely test once again the last low it reached after the election at 1.2634.

Capital Hedging (Forex_Villa)
Jun 13 2017 at 07:25
29 posts
My only concern right now is how low can GBP/USD reach?

Both the US and UK seems to have their own fair share of political problems that moves the market.

Don't panic over drawdown, instead manage it !!
Jun 13 2017 at 13:56
1117 posts
GBP/USD did retest the support at 1.2634 and formed a double bottom at that level before bouncing off from it. Next target is likely at 1.2750 - 1.2760.

Jun 14 2017 at 00:26
325 posts
Tomorrows big mover is the Fed, especially the tone of future ratehikes, followed by BoE the day after, the pair can fly any direction based on these two events.

Jun 14 2017 at 10:47
834 posts
The pair is back to 1.2730/40 zone after UK's jobless rate stay unchanged, risk remains on the downside. 1.263 act as next support level, break below could lead to further decline.

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