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GBP/USD daily outlook

victoriajensen
Nov 07 2017 at 19:26
1117 posts
GBP/USD bounced off from 1.3030 again and the pair formed a double bottom at that level. There will likely be a new move to the upside towards 1.3300.

deresel
Nov 08 2017 at 09:29
708 posts
The British pound recorded a neutral session against the US dollar on Tuesday. The currency pair opened at 1.3169 and the pound lost only 4 pips. Daytime extreme values ​​were reached at 1.3177 and 1.3108 respectively. If the bullish trend of the last few sessions persists, there may be a break in the first resistance at 1.3260.

deresel
Nov 08 2017 at 09:30
708 posts
Key levels to watch for:
Support: 1.3100; 1.2975;
Resistance: 1.3260; 1.3440;

idimitrov
Nov 08 2017 at 11:36
421 posts
deresel posted:
Key levels to watch for:
Support: 1.3100; 1.2975;
Resistance: 1.3260; 1.3440;


Interesting forecast! :)

idimitrov
Nov 08 2017 at 11:38
421 posts
Pound/dollar was hesitant yesterday. The price attempted to decline, making a bottom of 1.3108, but closing higher at 1.3165. The signals are ascending in the short term for the testing of 1.3270, but the key resistance remains 1.3330. The closest support is 1.3130. A clear break below it could take the price to a neutral trading area with testing at 1.3075/50, but an important support remains 1.3000. Overall, I'm up.

arigoldman (arigoldman)
Nov 08 2017 at 13:21
907 posts
What caused the drop in Sterling today?

arigoldman (arigoldman)
Nov 10 2017 at 13:21
907 posts
The pair seems to be trading sideways.

victoriajensen
Nov 10 2017 at 19:02
1117 posts
GBP/USD is bullish and it will likely continue climbing next week. That said, for a further rally above the sideways consolidation to be confirmed it will have to break out above the last high at 1.3337.

csc2009
Nov 13 2017 at 07:29
834 posts
Gbp/Usd opens the week with bearish gap, support can be found at 1.3037, I'm expecting further decline if breaks below it.

deresel
Nov 14 2017 at 17:45
708 posts
The pound lost positions against the dollar on Monday. The British currency interrupted the positive impulse from Friday and collapsed. As a result, support at 1.3071 was broken. Short-term expectations remain in favor of the dollar. The session was opened at lower levels compared to the end of last week, with the trend predominantly bearish. After the bottom of the day was hit at 1.3061 the direction was changed and the final was set at a rate of 1.3114.

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