GBP/USD daily outlook
Mitglied seit Oct 02, 2014
909 Posts
Jun 08, 2018 at 17:28
GBP/USD reacts to the upside this week. I think we can see 1.35 next week.
Positivity
Mitglied seit Oct 11, 2013
775 Posts
Jun 10, 2018 at 06:20
Not a clear direction on the GBPUSD during the past three days. The pair is oscillating around the 1.3400 level but the death cross is still in place on the daily chart, showing us that the pair may continue lower. To the downside, the 1.3300 level may act as support and the 1.3500 level may act as resistance.
Mitglied seit Dec 10, 2017
210 Posts
Jun 15, 2018 at 12:29
Initially pound / dollar had an ascending momentum yesterday, but then dropped and made the bottom at 1.3256. This fact keeps the bears' phase strong. Signals are descending in short terms for testing 1.3204 / 00. The closest resistance is at 1.3300, whose breakthrough can take the price to a neutral trading area. Any upward pressure can be seen as a good opportunity for short positions.
Mitglied seit Oct 02, 2014
909 Posts
Jun 15, 2018 at 13:41
I think 1.32 is not too far in the distance and possibly 0.618 at 1.2960.
Positivity
Mitglied seit Dec 10, 2017
210 Posts
Jun 24, 2018 at 12:36
Next week is not full of trend-changing events. So I say, let's trade GBP/USD in range.
Mitglied seit Oct 02, 2014
909 Posts
Jun 29, 2018 at 17:53
Slightly recovered this week. Trend is still undefined in the short term.
Positivity
Jul 05, 2018 at 11:50
The British pound recorded a modest rise against the US dollar on Wednesday. The session started at 1.3189 and the price managed to break the first resistance at 1.3200. Eventually, the pair ended at 1.3225 and if the bullish trend continues, we can expect an attempt to break the next resistance at 1.3300.
Mitglied seit Oct 02, 2014
909 Posts
Jul 06, 2018 at 12:45
GBP/USD has moved somewhat north, first res 1.3290.
Positivity
Mitglied seit Dec 10, 2017
210 Posts
Jul 12, 2018 at 14:09
Pound / dollar fell yesterday, reaching a bottom of 1.3200, and earlier today hit 1.3189. The outlook is down to testing the support of 1.3100 - 1.3050, especially if the price can make a clear breakthrough and a convincing move below 1.32. Resistance for the day is 1.3225. A clear break above this level could take the pair into a neutral trading area with testing at 1.3275 or higher.
Mitglied seit Dec 10, 2017
210 Posts
Jul 13, 2018 at 08:04
Pound / dollar was indecisive yesterday, but still managed to keep the downside after failing to break the EMA 200. The price continues to notice lower tops and bottoms on daily chart, and earlier today hit 1.3164. The signals remain bearish in the short term to test support 1.3100 - 1.3050. Immediate resistance remains 1.3225, whose breakthrough can take the price to a neutral zone for testing 1.3275.
Jul 13, 2018 at 08:43
The British pound did not find a direction against the US dollar on Thursday. The currency pair opened at 1.3203, closing unchanged. The pound did not find a direction throughout the day, as we would expect the pair to test the next level of support at 1.3135. Otherwise, breaking the resistance at 1.3300, we would expect the upward movement to resume.
