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GBP/USD daily outlook
Miembro desde Oct 02, 2014
posts 909
Oct 17, 2016 at 10:01
(editado Oct 17, 2016 at 10:04)
Miembro desde Dec 09, 2015
posts 823
The pair has been consolidating sideways above 1.2150 for a while now, and it has formed several spinning top bars on the four-hour time frame, so there might be some retracement in the near future, but I think that the overall trend remains bearish for the moment.
Oct 20, 2016 at 08:51
Miembro desde Nov 16, 2015
posts 708
The British pound recorded a neutral session against the US dollar on Wednesday. The pair opened at 1.2292 and the price managed to break the resistance at 1.2300 twice. In the end, the pound ended at 1.2283 and if the downward trend continues couple will move to the next support at 1.2120.
Oct 23, 2016 at 11:36
Miembro desde Apr 09, 2016
posts 421
The British pound fell against the dollar on Friday. By the close of US trading GBP/USD was trading at 1.2232, shedding 0.18%. I believe that the support is now located at the level of 1.2134, Monday's low, and resistance is likely at the level of 1.2334 -the maximum of Wednesday.
Oct 24, 2016 at 08:12
Miembro desde Nov 16, 2015
posts 708
Pound / dollar was volatile last week. Trade signals are neutral. Initial support is at 1.2170 followed by 1.2135. Intraday resistance is seen at 1.2240, break of which could trigger further bullish pressure testing 1.2300 / 30. Overall I still prefer a bearish scenario but the more price remains above 1.20, the bullish correction / reversal scenario of the formation hammer should remain valid.
Oct 24, 2016 at 09:13
Miembro desde Apr 09, 2016
posts 421
The pound registered a slight decrease against the dollar on Friday. The price of the opening session was close to closing, respectively, 1.2250 and 1.2221. The trend was volatile and early bearish sentiment prevailed. The pair hit bottom at 1.2170, but the pound subsequently recovered partial losses. Short-term expectations remain in favor of the US currency. In this case the support at 1.2079 could be tested soon.
Oct 27, 2016 at 06:40
Miembro desde Feb 07, 2016
posts 23
So what do we think the UK GDP is gonna do to the cable? 0.3% increase (meets expectations) will likely get a lot of volatility and might have short term increase in gbp/usd. Anyone think the opposite? Anyone think it might be negative?
Nov 01, 2016 at 07:56
Miembro desde Apr 09, 2016
posts 421
Pound/dollar made another indecisive movement last week. The bias is neutral for now. Immediate resistance is at 1.2225. A clear break above that area could trigger further bullish pressure for testing 1.2270 - 1.2300. Intraday support is 1.2150, whose breach could lead to downward pressure for testing 1.2080 but important support remains at 1.2000. The more price remains above 1.20, the bullish correction/reversal scenario of the formation hammer should remain valid.
Nov 01, 2016 at 08:50
Miembro desde Nov 16, 2015
posts 708
The pound reported a second consecutive day of growth on Monday. The pair climbed by 53 pips to a closing price of 1.2238. The session took place in the final values 1.2248 and 1.2143. Overall pound closed sixth consecutive month of losses. The currency lost nearly 15.5% against the US dollar since Brexit. The Range in the couple of early October remains valid. A break of moving averages would open the possibility of testing the upper boundary at 1.2320.
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