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GBP/USD daily outlook
Mitglied seit Jul 10, 2014
1114 Posts
Aug 03, 2016 at 10:17
GBP/USD is testing the resistance at 1.3350. A possible breakout above that level could lead to a further move to the upside towards the previous high at 1.3480.
Mitglied seit Jul 10, 2014
1114 Posts
Aug 05, 2016 at 11:42
The pair bounced off 1.3100 and is currently testing 1.3165. A breakout above that level would lead to a further move to the upside towards 1.3190 - 1.3200, but that also depends on the US Non-farm payrolls.
Mitglied seit Oct 02, 2014
905 Posts
Aug 06, 2016 at 12:59
Bearish on the pair.
Positivity
Mitglied seit Oct 11, 2013
769 Posts
Aug 09, 2016 at 03:25
The GBPUSD is finding difficulties in breaking below the 1.3000 level. Possible bullish bounce.
Mitglied seit Jul 10, 2014
1114 Posts
Aug 09, 2016 at 12:31
It broke below 1.3000, its first target will likely be 1.2900, but it might continue falling below that level too.
Aug 14, 2016 at 08:10
The British pound fell against the dollar on Friday. By the end of trading session GBP/USD was traded at 1.2914, shedding 0.32%. I believe that the support is now located at the level of 1.2904, the low of Friday's trading, and resistance is likely to be at the level of 1.3097 - Monday's high.
Aug 14, 2016 at 08:58
Most of the week the pound stayed lower than 1.30. GBP/USD has fallen after the house price balance in the UK appeard much worse than expected. The indicator was only 5% instead of the expected 15%. At the same time RICS said, that the fall in sales was the biggest since the financial crisis in 2008, the rise in prices in July was the slowest in three years, while the volume of new sales fell. This shows that the real estate market is already adjusting to the decision of the UK to leave the EU, and as British consumers are so heavily dependent on property prices, their sudden drop may affect consumer spending in the future.
Mitglied seit Oct 02, 2014
905 Posts
Aug 14, 2016 at 12:40
Bullish on the pair.
Positivity
Mitglied seit Oct 11, 2013
769 Posts
Aug 14, 2016 at 20:54
The Pound has been hurt lately and the bearish trend may continue on the GBPUSD below the 1.2900 level.
Mitglied seit Apr 25, 2012
269 Posts
Aug 15, 2016 at 14:00
yes its very up flying.
forex_trader_29148
Mitglied seit Feb 11, 2011
1768 Posts
Aug 15, 2016 at 16:11
yes up and maybe down again
Mitglied seit Jul 10, 2014
1114 Posts
Aug 18, 2016 at 11:13
The FOMC meeting minutes announcement yesterday provoked a move to the upside that will likely continue today. Next target is probably 1.3200.
