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GBP/USD daily outlook

csc2009
Aug 20 2017 at 21:13
834 posts
Gbp/Usd has been consolidating for three weeks on the downside due to low demand on Pound. Political uncertainty after Brexit is still driving the pair. Immediate support can be found around 1.2830 level.

DavidSilva
Aug 21 2017 at 06:42
6 posts
Even tough the average retail sales and the average index earnings came stronger than expected the pair remains bearish. And unless the dollar gets hit badly I´m looking for a short to 1.27.

idimitrov
Aug 21 2017 at 15:13
421 posts
The pound/dollar currency pair registered a volatile session on Friday. The session started at 1.2867 and finished 8 pips higher. During the day the support at 1.2860 was broken, and it was enough for the bears to score at 1.2831. Peak for the day was reached at 1.2915.

victoriajensen
Aug 21 2017 at 15:53
1117 posts
GBP/USD may bounce off from 1.2880 which is the (MA)89 indicator on the daily time-frame and move to the upside towards 1.2925 - 1.2930. That said, considering the shooting star candlestick at 1.3265 on the weekly time-frame, which is still a valid signal for a move south, the overall drop may not be over yet.

idimitrov
Aug 22 2017 at 15:35
421 posts
The pound rose by 34 pips against the US dollar on Monday. The session was opened at 1.2864, and the last day's quote was 1.2898. During the day, the support at the 1.2860 level broke down, with the bears recording lows at 1.2849. Bulls peaked at 1.2915.

victoriajensen
Aug 22 2017 at 17:18
1117 posts
GBP/USD did break out below the support at 1.2880 and continued falling. A breakout below the previous low at 1.2830 could lead to a further move south towards 1.2700 or even 1.2680.

Jack1Fx
Aug 23 2017 at 06:44
29 posts
pound drop to 1.26, on card.

idimitrov
Aug 23 2017 at 17:09
421 posts
The dollar took 76 pounds of pound assets during trading on Tuesday. The session started at 1.2898, and the bulls prevailed over the bears only in the first four hours, reaching a peak of 1.2908. From that moment of the day, bear players dominated the market and led the course to the bottom at 1.2810 after the support was broken at 1.2860. At the end of the day, the currency pair was 1.2822.

arigoldman (arigoldman)
Aug 25 2017 at 14:35
907 posts
Difficult to trade lately... I hope it gets more clear next week.

csc2009
Aug 27 2017 at 23:50
834 posts
The pair has a huge gap up and currently trading just above 1.290 level after Labour policy shift on single market.

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