GBP/USD daily outlook
Mitglied seit Jul 10, 2014
1117 Posts
Feb 14, 2017 at 14:48
GBP/USD is consolidating sideways for now but if the doji candlestick on the weekly time-frame above the support at 1.2350 is any indication it could start moving to the upside again.
Mitglied seit Oct 11, 2013
775 Posts
Feb 16, 2017 at 03:46
The daily ranges on the GBPUSD are getting tighter and the pair is still in a consolidation. From the current levels the pair may head in any direction.
Mitglied seit Feb 19, 2014
61 Posts
Feb 16, 2017 at 10:55
WHEN HAVE BREXIT..CAN U TELL ME WHAT DATE
Feb 18, 2017 at 11:39
The British pound fell against the dollar on Friday. By the closing of US trading GBP/USD was trading at 1.2410, shedding 0.64%. I believe that the support is now located at the level of 1.2379, Wednesday's low and resistance is likely at the level of 1.2550 - a maximum of Tuesday.
Mitglied seit Oct 02, 2014
909 Posts
Feb 19, 2017 at 09:35
GBP/USD had a tough week and now market participants are anticipating the Mark Carney speech on Tuesday before the UK parliament.
Positivity
Mitglied seit Oct 11, 2013
775 Posts
Feb 19, 2017 at 19:56
The GBPUSD dropped on Friday, but it has not been able to break away from the symmetrical triangle that has formed on the daily chart. From the current zone, the pair may go in any direction. We are just waiting for it to confirm a trend.
Feb 21, 2017 at 10:36
Pound/Dollar had a moderate bullish momentum yesterday, topped at 1.2482. The bias is neutral in nearest term. Immediate resistance is seen at 1.2520. A clear break above that area could trigger further bullish pressure to test 1.2580. On the downside, first support is 1.2435. A clear break below could lead to bearish pressure testing 1.2380/40.
Feb 21, 2017 at 15:35
The GBPUSD had a moderate bullish momentum yesterday topped at 1.2482. The bias remains neutral in nearest term. Immediate resistance is seen around 1.2520. A clear break above that area could trigger further bullish pressure testing 1.2580. Immediate support is seen around 1.2435. A clear break below that area could trigger further bearish pressure testing 1.2380/40 area.
Top Forex Robot
Mitglied seit Oct 02, 2014
909 Posts
Feb 24, 2017 at 11:07
Uneventful week for the Pound. Although the pair went down in teh beginning of the week, the GBP/USD pair is now back at previous level around 1.2550.
Positivity
Feb 24, 2017 at 17:39
The pound recorded a sharp rise against the dollar on Thursday. British currency acquitted positive expectations and recorded substantial progress against the dollar. So the pound offset losses and get out of the narrow range in which varied past few sessions. Meanwhile, resistance at 1.2524 has been overcome and if bullish sentiment continues, the pair will test the level at 1.2576.
forex_trader_338100
Mitglied seit Jun 21, 2016
898 Posts
Feb 27, 2017 at 12:24
At 1.2430, the resistances are aligned at 1.2457/61 (10 & 5-DMA) and 1.2475 (20-DMA) and below that at 1.2500 (zero figure). On the flip side, the supports are lined up at 1.2385 (2-week low) and 1.2371 (daily S1) and below that at 1.2350
Feb 28, 2017 at 19:18
On Tuesday, trading in Europe is relatively quiet. In anticipation of the President's speech the United States, major currency pairs traded in limited price ranges.
GBP/USD is consolidating in the range 1,2412-1,2450. The mood against the pair remains negative due to the growth of EUR/GBP. It will change in a positive way, if there is a break above 1.2452. Increasing the price above this level could provide a fresh impetus for a breakthrough to 1.2480.
GBP/USD is consolidating in the range 1,2412-1,2450. The mood against the pair remains negative due to the growth of EUR/GBP. It will change in a positive way, if there is a break above 1.2452. Increasing the price above this level could provide a fresh impetus for a breakthrough to 1.2480.
