GBP/USD daily outlook
Miembro desde Jul 10, 2014
posts 1117
Aug 29, 2017 at 15:19
GBP/USD bounced off from 1.2975 after forming a spinning top candlestick on the four-hour time-frame at that level. It will likely retrace back to 1.2900, which is the (MA)89 indicator on the same four-hour time-frame.
Miembro desde Oct 02, 2014
posts 909
Sep 01, 2017 at 20:38
The pair is difficult to trade lately. I'm waiting for better days.
Positivity
Miembro desde Jul 10, 2014
posts 1117
Sep 05, 2017 at 17:25
GBP/USD moved to the upside today and finally reached the resistance at 1.3030. A breakout above that level could lead to another rally to 1.3100.
Miembro desde Jul 10, 2014
posts 1117
Sep 06, 2017 at 17:35
GBP/USD reached a high at 1.3080 before it bounced off from that level and formed a shooting star candlestick on the four-hour time-frame. If the signal for a move to the downside is valid there will likely be a drop to 1.2900.
Miembro desde Oct 02, 2014
posts 909
Sep 07, 2017 at 12:13
Pair is being dormant lately, Maybe September will act as a catalyst.
Positivity
Miembro desde Oct 02, 2014
posts 909
Sep 11, 2017 at 13:46
Good day for the British Pound, up substantially against all peers.
Positivity
Miembro desde Jul 10, 2014
posts 1117
Sep 11, 2017 at 17:28
(editado Sep 11, 2017 at 17:34)
GBP/USD formed a double top at 1.3223 and it also formed a shooting star candlestick on the four-hour time-frame. Both are signals for a move to the downside and if they are valid next target will likely be around 1.3120, which is the (MA)89 indicator on the one-hour time-frame.
Miembro desde Jul 10, 2014
posts 1117
Sep 14, 2017 at 17:21
GBP/USD sharply moved to the upside today after the Bank of England announced it is keeping the interest rate unchanged at 0.25%. Next target is likely at 1.3500.
Miembro desde Jul 10, 2014
posts 1117
Sep 15, 2017 at 17:17
GBP/USD not only reached 1.3500 but broke out above that level and reached a new high at 1.3615. The pair will probably continue rallying towards 1.3700.
Sep 17, 2017 at 14:55
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3590, gaining 1.44%. I believe that support is now at 1.3159, Monday's low, and resistance is likely at 1.3616, the high of Friday's trading.
Sep 18, 2017 at 06:32
victoriajensen posted:
GBP/USD not only reached 1.3500 but broke out above that level and reached a new high at 1.3615. The pair will probably continue rallying towards 1.3700.
I agree, but I'm expecting consolidation in the beginning of the week before the pair uptrend extend further.
Miembro desde Jul 10, 2014
posts 1117
Sep 18, 2017 at 16:12
The GBP/USD bullish trend is stalling for now, the pair formed a double top at 1.3618, as well as a shooting star candlesitck at that level on the one-hour time-frame before falling moving sharply to the downside. Next target is likely at 1.3425, which is the (MA)89 indicator on the same one-hour time-frame.
Miembro desde Oct 02, 2014
posts 909
Sep 18, 2017 at 17:14
Somehow neutral after the event today. Not much of an impact.
Positivity
Miembro desde Jul 10, 2014
posts 1117
Sep 19, 2017 at 18:01
GBP/USD is testing the support at 1.3470 - 1.3460 and depending on the fundamentals tomorrow it may break out below those levels and continue moving to the downside. Another rally, on the other hand, would likely mean a test of and a possible breakout above 1.3618.
Miembro desde Jul 10, 2014
posts 1117
Sep 20, 2017 at 17:06
GBP/USD rallied again to test the resistance at 1.3618, but whether it will succeed in breaking out above that level depends on the fundamentals coming out later today.
