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GBP/USD daily outlook

Ari Goldman (arigoldman)
Jun 14 2017 at 12:26
907 posts
GBP/USD looks bullish, maybe the US dollar will depreciate after the news release at 2PM EST.

Capital Hedging (Forex_Villa)
Jun 16 2017 at 06:25
29 posts
GBP/USD is choppy in my opinion. Not until Tories strikes a deal with GUP.


Don't panic over drawdown, instead manage it !!
Devhuti
Jun 16 2017 at 06:52
94 posts
The GBPUSD had another indecisive movement yesterday. The bias remains neutral in nearest term. The bullish pin bar appeared on H4 chart on June 9th remains valid but need a clear break above 1.2780 to confirm the bullish scenario targeting 1.2900 – 1.3000/50 region. Immediate support is seen around 1.2725. A clear break below that area could trigger further bearish pressure but only a clear break below 1.2635 would nullify the bullish pin bar scenario targeting 1.2500 region.

idimitrov
Jun 16 2017 at 16:19
421 posts
The British pound recorded a volatile session against the US dollar on Thursday. The currency pair opened at 1.2750 and added only 4 pips. Daily extreme values ​​were reached at 1.2690 and 1.2794 respectively. The outlook remains neutral, with the 1.2700 and 1.3090 levels retaining a key role in the short term.

deresel
Jun 16 2017 at 16:59
708 posts
Pound / dollar had another unsettling movement yesterday. Trade signals remain neutral in the near future. The upcoming pin bar, which appeared on June 9, remains valid, but a clear break above 1.2780 is needed to confirm the bullish scenario with targets to 1.2900 - 1.3000 / 50. Immediate support is seen at 1.2725, whose breakthrough can lead to future downward pressure. But only a clear break below 1.2634 will cancel the upside-down scenario on the pin bar, with the first downside target in the 1.2500 area.

deresel
Jun 16 2017 at 17:02
708 posts
Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090; 1.3270.

idimitrov
Jun 18 2017 at 16:49
421 posts
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2782, adding 0.20%. I believe that support is now at around 1.2636, Monday's low, and resistance is likely at 1.2818, the maximum of Wednesday.

csc2009
Jun 18 2017 at 22:16
834 posts
A small gap down in H4 chart ahead of Brexit negotiation.

victoriajensen
Jun 19 2017 at 14:20
1117 posts
GBP/USD is consolidating above the support at 1.2760. A breakout below that level will likely lead to a further move to the downside towards the previous low at 1.2690.

victoriajensen
Jun 20 2017 at 13:29
1117 posts
Not only did GBP/USD reach 1.2960, but it broke out below that support and continued moving to the downside, reaching 1.2641. A breakout below that level and below 1.2634 could indicate a further move to the downside towards 1.2500.

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