GBP/USD daily outlook
Miembro desde Dec 10, 2017
posts 210
Mar 27, 2018 at 13:35
Pound / dollar had a significant upward momentum yesterday, sliding over the 'tail' of the downward pin bar. This fact should invalidate the bearish scenario on the bearish pin bar. The prospects are bullish to test the key resistance 1.4275 - 1.4344. Intraday support is 1.4190. A clear breakthrough below this level could take the price to a neutral zone with 1.4125 testing. But as a whole, I stay in the bulls camp and every downward pressure should now be seen as a good opportunity for purchases.
Miembro desde Oct 02, 2014
posts 909
Mar 31, 2018 at 12:28
The Sterling continues to appreciate, awaiting the NFP to take it further.
Positivity
Apr 06, 2018 at 09:59
Yesterday’s strong drop in Cable has been in tandem with rising volume and shrinking open interest, although by irrelevant levels. The inconclusive activity in both open interest and volume allows spot to extend the consolidation, with gains clearly capped by the 1.4100 neighbourhood for the time being.
Miembro desde Oct 02, 2014
posts 909
Apr 06, 2018 at 12:34
The US dollar advanced a bit because of the NFPs but i think it will be back to normal level soon.
Positivity
Miembro desde Dec 10, 2017
posts 210
Apr 08, 2018 at 06:40
The outlook for GBP/USD is positive as the pair eyes a move to 1.42 and hawkish BoE comments would be the perfect catalyst for a rally.
Apr 10, 2018 at 09:50
The British pound recorded an increase against the US dollar on Monday. The session started at 1.4087 and finished 43 pips higher. The chart continued to grow above the moving averages, while the relative strength index remained neutral. Overall, the upward movement is devoid of impulse, but a break of 1.4215 will reinforce positive attitudes.
Miembro desde Dec 10, 2017
posts 210
Apr 10, 2018 at 11:22
Pound/dollar did not make significant movements last week. The signals are neutral for the time being, possibly with mild upward signals. H & S's scenario remains valid, but the price is reversing the neckline after failure to break under EMA 200. A convincing move over 1.4100 will cancel the H & S scenario for the 1.4200 test, but the key resistance remains 1.4275, which must be clearly pierced for a potential end of the bearish consolidation phase and the resumption of the main bullish trend. On the downside, we need a clear break below 1.4010 and the 4 hour EMA 200 for the downward phase sequel.
Miembro desde Oct 02, 2014
posts 909
Apr 13, 2018 at 14:37
I had a short and got taken out, I'll turn bearish below 1.4220.
Positivity
Miembro desde Oct 02, 2014
posts 909
Apr 19, 2018 at 08:37
It was a good opportunity to short the pair this week.
Positivity
Miembro desde Dec 10, 2017
posts 210
Apr 20, 2018 at 07:21
Pound / dollar continued its inertia down yesterday with a bottom of 1.4068. Trade signals remain down for testing at 1.3960 as part of the bears' phase after the false breakthrough over the key resistance of 1.4275. The intraday resistance is 1.4150, whose breakthrough can take the price to a neutral trading area. But the longer the pair remains below 1.4275, I prefer the short-term scenario at this stage. Downwards, a clear break and a daily / weekly closing below 1.3960 will take the price of 1.3710 next week.
Miembro desde Oct 02, 2014
posts 909
Apr 23, 2018 at 08:34
Good move to the downside in the past week. I expect strong support at 1.38.
Positivity
Apr 26, 2018 at 12:43
The pound lost positions against the dollar on Wednesday. Thus the British currency completely deleted the profit recorded in the previous session and the pair tested support at 1.3917. Short-term expectations remain in favor of the dollar. Trade was open at 1.3975, and the final was 1.3927. The trend was of bearish character, and bottom of the day was hit at 1.3923.
