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GBP/USD daily outlook

alexforex007
May 04 2016 at 01:37
775 posts
The GBPUSD erased momentarily all the loses since the begining of the year when it came close to the 1.4800 level, but then it goes back down very fast after the UK manufacturing came out worse than expected. For now the pair may continue dropping towards the 1.4500 zone.

dianajs
May 04 2016 at 12:58
823 posts
The pair bounced off the support at 1.4470, which is EMA89 on the four-hour time frame, but I don't think this is the end to the move to the downside. In my opinion GBP/USD would test the support one more time at least, and if it breaks below it it will continue falling towards 1.4400.

dianajs
May 05 2016 at 13:17
823 posts
The support at 1.4470 proved to be pretty strong and the pair bounced off of it again. I think it will likely continue climbing towards 1.4560 again.

Ari Goldman (arigoldman)
May 07 2016 at 19:18
909 posts
Maybe a little more to the downside.

alexforex007
May 07 2016 at 23:56
775 posts
The GBPUSD is getting closer and closer to the 1.4400 level. The zone may act as support, but the bearish trend is still in place in the short term.

Lichmadun
May 08 2016 at 11:07
1 posts
Waiting for actually 1,4280 next week.

dianajs
May 10 2016 at 11:29
823 posts
The pair is moving between the support at 1.4400 and and the resistance at 1.4470, we'll have to see which one of these levels it will break below or above for range to end. Right now it's a little unclear what direction the pair will take.

alexforex007
May 10 2016 at 16:41
775 posts
The GBPUSD on the daily chart has bounced from the 55 day EMA, just below the 1.4400 level. The pair may either go back and visit the 1.4500 level or drop below the 1.44 and visit the 1.4300 level.

dianajs
May 12 2016 at 13:12
823 posts
Gold is testing 1.4470 again, but so far there is no indication that range is about to end. If it does break above 1.4470, however, the next target will be likely 1.4600 - 1.14630.

dianajs
May 12 2016 at 17:36
823 posts
dianajs posted:
Gold is testing 1.4470 again, but so far there is no indication that range is about to end. If it does break above 1.4470, however, the next target will be likely 1.4600 - 1.14630.


Тhat would be GBP/USD, sorry.

dianajs
May 17 2016 at 09:57
823 posts
GBP/USD is testing the resistance at 1.4500, I think it will break above it. If it does, next target will be around 1.4650 - 1.4660.

paidsignals
May 17 2016 at 20:43
93 posts
The GBPUSD had a bullish momentum yesterday topped at 1.4414 and hit 1.4493 earlier today. The bias is bullish in nearest term testing 1.4530 region. Immediate support is seen around 1.4450 area. A clear break below that area could lead price to neutral zone in nearest term testing 1.4400 which need to be clearly broken to the downside to keep the false break bearish scenario remains strong. On the upside, a clear break and daily close above 1.4530 could trigger further bullish pressure retesting the daily EMA 200 this week.

dianajs
May 18 2016 at 13:17
823 posts
The pair is still climbing and it will soon reach 1.4600. I think it will continue rising but I don't want to open new positions before the news come out.

dianajs
May 20 2016 at 12:06
823 posts
GBP/USD reached 1.4660 but not only bounced off that resistance level, it also formed a doji candlestick below it on the daily time frame. I think that there will be a new move to the downside towards 1.4500.

paidsignals
May 20 2016 at 16:48
93 posts
The GBPUSD was indecisive yesterday. The bias is neutral in nearest term probably with a little bearish bias testing 1.4500 area. On the upside, key resistance remains around the daily EMA 200 located around 1.4700 region. A clear break and daily/weekly close above that area would activate my bullish mode targeting 1.5000 next week.

alexforex007
May 23 2016 at 05:01
775 posts
The GBPUSD is at the 1.45, if it breaks that level to the downside, the bearish momentum may accelerate towards the 1.4400 level, the 1.4600 may act as resistance.

dianajs
May 23 2016 at 13:03
823 posts
The pair broke below 1.4500 and it's still falling. I think next target is likely around 1.4420 - 1.4400.

Ari Goldman (arigoldman)
May 23 2016 at 13:42
909 posts
Sharp decline today.

dianajs
May 25 2016 at 13:04
823 posts
GBP/USD broke above the resistance at 1.4660 and reached 1.4700. I think it will keep rising and its next target is around the previous high at 1.4770.

dianajs
May 26 2016 at 09:23
823 posts
The pair reached 1.4740, bounced off that resistance and formed a shooting star on the 4-hour time frame. I think we will see a retracement to 1.4600 again, but I don't think that's the end of the move to the upside.

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