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GBP/USD daily outlook

Ari Goldman (arigoldman)
Jun 02 2017 at 12:36
posts 909
GBP/USD relatively unchanged after the NFP and Jobs report. Dollar index, however, down significantly.
csc2009
Jun 05 2017 at 06:40
posts 834
A small gap down, Cable trading almost flat below 1.29 level. All eyes on Election this week.
victoriajensen
Jun 05 2017 at 14:35
posts 1117
GBP/USD moved to the upside again today and reached a new high at 1.2940 before it bounced off that level. Should it break out above that high it could continue rallying towards 1.3000.
DrVodka
Jun 06 2017 at 06:39
posts 297
victoriajensen posted:
 GBP/USD moved to the upside again today and reached a new high at 1.2940 before it bounced off that level. Should it break out above that high it could continue rallying towards 1.3000.


but it won't . SELL GBP this week
Capital Hedging (Forex_Villa)
Jun 07 2017 at 06:22
posts 29
I say 'Buy' this baby.

Don't panic over drawdown, instead manage it !!
Capital Hedging (Forex_Villa)
Jun 07 2017 at 06:27
posts 29
Buy GBP. It looks promising
Don't panic over drawdown, instead manage it !!
dmaggio
Jun 07 2017 at 06:41
posts 23
How much volatility is everyone expecting from the election this week compared to what everyone expected from the French election?
Aleixo1
Jun 07 2017 at 11:49
posts 12
At least as high. A Labour win would cause a very strong decline in GBP. But there would also be a lot of volatility following Conservative win. If it is a hung parliament then there would also be a fall. I'm tempted to take a short with a 200 pips SL and target 1.23
Capital Hedging (Forex_Villa)
Jun 07 2017 at 14:53
posts 29
Due to USD yield falling, in an event of a hung parliment, GBP may indeed fall about 500 pips but it will rebound and retake the previous level of 1.29 and given a while will edge higher.

Don't panic over drawdown, instead manage it !!
DrVodka
Jun 08 2017 at 06:07
posts 297
May is going to WIN thats for sure .

pound is going to RISE big time in around 1.50 ( Pre Brexit levels ) ...

thats what i think .


csc2009
Jun 08 2017 at 06:38
posts 834
Cable rise up to around 1.296 level, risk remains on the upside, next resistance level located at 1.3000. With UK election today, the result and market reaction towards it are unpredictable. I would be very cautions.
victoriajensen
Jun 08 2017 at 13:54
posts 1117
GBP/USD is testing the support at 1.2920 and a breakout below that level is quite possible, but nothing is certain until the results of the general election in the UK come out later today.
idimitrov
Jun 08 2017 at 22:08
posts 421
The pound-dollar currency pair opened the day at 1.2907 on Wednesday, and by the end of the session the British currency added another 50 pips to its asset. No breakthroughs at key levels were reached. Before noon the bears reached their bottom at 1.2887. The next hour of the course gradually rose to reach a peak at 1.2965.
dmaggio
Jun 08 2017 at 23:59
posts 23
Is the majority of the volatility finished in this pair for the next several days? Any possibility of another major sudden movement? Any polls set to still come out?
stian
Jun 09 2017 at 00:01
posts 325
dmaggio posted:
Is the majority of the volatility finished in this pair for the next several days? Any possibility of another major sudden movement? Any polls set to still come out?
Polls are not very useful when it is seat for seat, you can win 70% on a poll, but win 30% of the seats since polls are usually by voters and some districts are big.
Capital Hedging (Forex_Villa)
Jun 09 2017 at 08:36
posts 29
Too risky to trade GBP/USD on fundamentals today. Gonna wait for the results.

However there is a high chance that GBP will break 1.3000 lvl after May is confirm the winner.
Don't panic over drawdown, instead manage it !!
Felipe Faccioli (ffaccioli)
Jun 09 2017 at 08:43
posts 1
Good afternoon,
I would like opinions about possible volatility for the result of today's elections ??
Thank you
idimitrov
Jun 09 2017 at 15:48
posts 421
The pound-dollar currency pair recorded a volatile session before the parliamentary elections in the UK. The pound lost 6 pips after the opening day of the day was 1.2957, and the last day's quote remained 1.2951. Today's extreme values ​​remained respectively at 1.2977 and bottom at 1.2907.
deresel
Jun 09 2017 at 16:30
posts 708
Key levels to watch for:
Support: 1.2860; 1.2690;
Resistance: 1.3030; 1.3220; 1.3440.
stian
Jun 09 2017 at 17:52
posts 325
Conservatives did not get a majority. As such the risk for political instability have increased. What gave the fuel to boost the pound are now over, I think the pair is likely to stay continue below 1.27 just as before the election announcement.
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