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GBP/USD daily outlook
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deresel

Member Since Nov 16, 2015  514 posts deresel Dec 23 2017 at 10:58
Traders who plan to trade actively next week need to take into account that the market will be thin and accordingly the risk of the appearance of powerful price movements will be higher than usual.

deresel

Member Since Nov 16, 2015  514 posts deresel Dec 23 2017 at 11:00
Key levels to watch for:
Support: 1.3260; 1.3100;
Resistance: 1.3440; 1.3540;

arigoldman

Member Since Oct 02, 2014  678 posts Ari Goldman (arigoldman) Dec 23 2017 at 14:06
Expecting to see what the week brings, probably a move to the upside imo.

Positivity
SarahDW

Member Since Dec 11, 2017  25 posts SarahDW Dec 25 2017 at 08:00
I wish everyone here Merry Christmas and Happy holiday!

deresel

Member Since Nov 16, 2015  514 posts deresel Dec 27 2017 at 13:26
The pound recorded a slight increase against the dollar on Tuesday. The pair failed to break the narrow range of the past few days, but short-term expectations remain in favor of the British currency. In this case, the resistance at 1.3420 is still in risk. Tuesday's session was opened at a 1.3364 rate and the closing price was 10 pips higher. The trend was neutral at first, with the bullish sentiment prevailing in the afternoon, marking a peak for the day at 1.3388.

deresel

Member Since Nov 16, 2015  514 posts deresel Dec 27 2017 at 13:28
Key levels to watch for:

Support: 1.3299; 1.3260;
Resistance: 1.3420; 1.3464;

arigoldman

Member Since Oct 02, 2014  678 posts Ari Goldman (arigoldman) Dec 30 2017 at 12:22
Exciting stuff ahead in 2018 for the Sterling!

Positivity
SarahDW

Member Since Dec 11, 2017  25 posts SarahDW Jan 02 at 08:27
Gbp/Usd started the week with a small bearish gap, but soon recovered. Risk remains towards upside, 1.3550 act as strong resistance.

deresel

Member Since Nov 16, 2015  514 posts deresel Jan 05 at 09:41
The British pound recorded a modest rise against the US dollar on Thursday. The session started at 1.3514 and the pound added 35 pips. The price managed to break the first resistance at 1.3540 and if the direction of movement went up the pair would head for resistance at 1.3655. On the downside, the goal will be the support at 1.3540.

deresel

Member Since Nov 16, 2015  514 posts deresel Jan 05 at 09:44
Key levels to watch for:

Support: 1.3540; 1.3440; 1.3260;
Resistance: 1.3655;

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Westpac Consumer Confidence (6 min)
AUD/USD: headed through 0.8000?(8 min ago)
EURUSD 1.22614 GBPUSD 1.37926
USDJPY 110.399 USDCAD 1.24345
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HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment; do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice.