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GBP/USD daily outlook

dianajs
Oct 12 2016 at 15:45
posts 823
It rebounded from 1.2100 but even that was just temporary. The pair is slowly dropping back towards that support. I think eventually we'll see it reach 1.2000.
Ari Goldman (arigoldman)
Oct 16 2016 at 14:17
posts 909
csc2009
Oct 17 2016 at 00:51
posts 834
Gbp/Usd although the pair is holding around 1.24 level, but bearish potential is clear, next support level can be found at 1.2220.
Md. Jhony (earnyview)
Oct 17 2016 at 09:54
posts 3
week starts from 1.1214 going for short.
dianajs
Oct 17 2016 at 10:01
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.
deresel
Oct 20 2016 at 08:51
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.
deresel
Oct 20 2016 at 08:53
posts 708
Key levels to watch for:
Support: 1.2120; 1.1630;
Resistance: 1.2300; 1.2460; 1.2790.
idimitrov
Oct 23 2016 at 11:36
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.
csc2009
Oct 23 2016 at 22:52
posts 834
While technical indicators hold flat, but Brexit risk still exist and the pair well within bearish territory, further decline may continue. Next support level holds at 1.2169.
deresel
Oct 24 2016 at 07:08
posts 708
Key levels to watch for:
Support: 1.2079; 1.1619;
Resistance: 1.2332; 1.247.
deresel
Oct 24 2016 at 08:12
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.
idimitrov
Oct 24 2016 at 09:13
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.
dmaggio
Oct 27 2016 at 06:40
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?
dianajs
Oct 27 2016 at 15:07
posts 823
The pair broke below 1.2200 again, I think next target is around 1.2140, maybe even 1.2100.
Duncan (holdend)
Oct 28 2016 at 07:46
posts 41
To me realistically it may go down to 1.2150 max but then revert back up.
dianajs
Oct 28 2016 at 10:44
posts 823
GBP/USD has almost reached 1.2100. I think that if it breaks out below that level it will continue falling to test the support at the previous low at 1.2081.
Duncan (holdend)
Oct 28 2016 at 13:18
posts 41
I think it is heading right there!
dianajs
Oct 31 2016 at 10:10
posts 823
I have decided not to open any positions for the moment. The pair is still moving sideways and throughout the week there will be a lot of news that will create a lot of volatility.
idimitrov
Nov 01 2016 at 07:56
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.
deresel
Nov 01 2016 at 08:50
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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