GBP/USD daily outlook
Mitglied seit Oct 02, 2014
909 Posts
Aug 14, 2018 at 09:30
The pair seems to be difficult to get a ride on.
Positivity
Mitglied seit Dec 10, 2017
210 Posts
Aug 15, 2018 at 08:00
Pound / dollar attempted to rise up yesterday with peak at 1.2827, but dropped then closed down to 1.2719. The signals remain bearish for testing at 1.2650 / 00. Resistance for the day is 1.2730, whose breakthrough can take the price to a neutral zone with testing at 1.2825. I still prefer the bear camp and any bullish pressure should be seen as a normal move and a good sales opportunity.
Mitglied seit Oct 11, 2013
775 Posts
Aug 21, 2018 at 07:14
The GBPUSD retraces above the 1.2800 level and if it keeps correcting to the upside, then the 1.2956 may become resistance. The bearish trend is still in place on the GBPUSD.
Mitglied seit Oct 02, 2014
909 Posts
Aug 21, 2018 at 16:01
I think GBPUSD is going to depreciate in light of the recent USD rally. Altho I'd like to see the opposite.
Positivity
Mitglied seit Dec 10, 2017
210 Posts
Aug 22, 2018 at 19:19
Pound/dollar is trying to test 1.30, as it seems.
Mitglied seit Dec 10, 2017
210 Posts
Aug 23, 2018 at 20:38
Despite the correction today, I still wait for 1.3000.
Mitglied seit Oct 11, 2013
775 Posts
Aug 24, 2018 at 07:07
The GBPUSD seems to have finished with its bullish pullback and heads back down from the 1.2956 zone. However, the 1.2800 level may act as support. On the other hand, the downtrend is still in place in the midterm and the pair may try to continue lower.
Mitglied seit Dec 10, 2017
210 Posts
Aug 26, 2018 at 15:47
1.30 would do for me.
Mitglied seit Oct 02, 2014
909 Posts
Aug 28, 2018 at 09:44
I'm waiting to sell around 1.3180, it's kinda in a consolidation right now, if it breaks 1.2980 we could see another leg up.
Positivity
Aug 31, 2018 at 20:53
The pair has extended its consolidation movement to the downside and found immediate support around 1.2943/45. On the other hand, Brexit negotiation still seems optimism, meeting between EU and UK will continue another week. Well, it's a progress.
Mitglied seit Dec 10, 2017
210 Posts
Sep 01, 2018 at 20:22
I expect 1.29 to be tested.
Sep 03, 2018 at 22:15
Possibility between the UK and the EU may reach an agreement have once again faded away, fears of ''no deal'' Brexit increased risks on the downside. The pair is currently consolidating in negative territory, immediate support can be found around 1.2850 and follow by 1.2800.
