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GBP/USD daily outlook

victoriajensen
Oct 25 2017 at 16:56
1117 posts
GBP/USD broke out above 1.3200 and continues moving to the upside. Next target is likely the previous high at 1.3328. A breakout above that level could lead to a further move to the upside towards 1.3400.

idimitrov
Oct 26 2017 at 09:36
421 posts
The British pound fell against the dollar: the pair GBP/USD dropped by 0.14% to 1.3245. Investors are fixing profits after the increase on Wednesday. On Wednesday, the British pound rose in price by 1% after the release of the report on the acceleration of GDP growth in the UK in the third quarter, which increased the chances of raising the interest rate by the Bank of England next month.

csc2009
Oct 30 2017 at 07:41
834 posts
Gbp/Usd is consolidating in the negative territory just above 1.31 level, showing no clear directional strength.

victoriajensen
Oct 31 2017 at 17:56
1117 posts
GBP/USD is testing the resistance at 1.3270 of the sideways consolidation yet again. A breakout above that level could lead to a further move to the upside towards 1.3340.

victoriajensen
Nov 02 2017 at 19:01
1117 posts
GBP/USD dropped sharply after the news that the Bank of England has hiked the interest rate from 0.25% to 0.50% but it still hasn't broken out below the support at 1.3030. The fundamentals tomorrow may give it the necessary push to do that.

Ari Goldman (arigoldman)
Nov 03 2017 at 16:57
907 posts
GBP/USD fell off a cliff yesterday, but today it managed to hold on around 1.3070-1.3080. The pair seems to have found some support.

deresel
Nov 03 2017 at 19:57
708 posts
Pound / dollar had a strong bearish momentum yesterday, after failing to break above the key resistance of 1.3330, reaching a bottom at 1.3042. The commercial signals are bearish for testing the daily EMA 200, located in the 1.3000 area. This region remains a good place to buy with tight stops, as a clear break and a daily / weekly closure below 1.30 will stem the main upside trend with a potential downside reversal scenario. The closest resistance is seen at 1.3135, whose breakthrough can take the price to a neutral zone with testing at 1.3200.

idimitrov
Nov 04 2017 at 18:56
421 posts
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD is trading at 1.3077, gaining 0.13%. I believe that support is now at around 1.3040, the low of today's trading, and resistance is likely at the level of 1.3321 - the maximum of Wednesday.

csc2009
Nov 06 2017 at 07:52
834 posts
Gbp/Usd is consolidating around mid level between 1.30 to 1.31, showing no directional strength. 1.300 is key level, break below would gain strength to the downside.

Baldo (BaldoN)
Nov 07 2017 at 15:23
522 posts
GBP/USD - Dollar is pushing again and most likely in short term the price may test 1.3080/85

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