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GBP/USD daily outlook
Membre depuis Oct 11, 2013
posts 775
Jul 05, 2016 at 08:23
Membre depuis Nov 16, 2015
posts 708
The British pound registered a rise against the US dollar on Monday. After a volatile session, the pound added 35 pips at a closing price of 1.3281. The graphics continue to develop under moving averages, while the index of relative strength remained on neutral territory. If prices continue to rise the pair will head towards resistance at 1.3480. On the downside, we can expect a break of the support at 1.3200.
Membre depuis Jul 12, 2016
posts 78
Jul 12, 2016 at 07:04
Membre depuis Jul 12, 2016
posts 78
The GBPUSD was indecisive yesterday, but traded higher earlier today in Asian session hit 1.3091. This fact gives the hammer formation bullish scenario a better chance. The bias is bullish in nearest term testing 1.3220 region. Immediate support is seen around 1.3000. A clear break back below that area could lead price to neutral zone in nearest term testing 1.2950 – 1.2900 region. Overall I remain bearish but as long as stay above 1.2900 – 1.2950 price is still in a bullish correction bias.
Jul 12, 2016 at 16:46
Membre depuis Apr 09, 2016
posts 421
The British pound started the week with an increase, recording a second consecutive positive session. The pair climbed 41 pips to 1.2991, but remained at a record low for the past 31 years levels. The daily limit values were noted at 1.3017 and 1.2850. Bears remain in a leading position, but relative strength index issued for weakness. Break of 1.3110 will contribute to positive attitudes with probable next target 1.3530.
Jul 12, 2016 at 19:42
Membre depuis Nov 16, 2015
posts 708
On Tuesday, the dollar falls against other major currencies as investors shifted attention to the forthcoming meeting of global central banks on expectations of additional stimulus measures from their side.
GBP/USD rose to 1.3267, rebounding from a 31-year low of 1.2794 reached last Wednesday.
GBP/USD rose to 1.3267, rebounding from a 31-year low of 1.2794 reached last Wednesday.
forex_trader_29148
Membre depuis Feb 11, 2011
posts 1916
Jul 12, 2016 at 21:04
Membre depuis Feb 11, 2011
posts 1916
idimitrov posted:
The British pound started the week with an increase, recording a second consecutive positive session. The pair climbed 41 pips to 1.2991, but remained at a record low for the past 31 years levels. The daily limit values were noted at 1.3017 and 1.2850. Bears remain in a leading position, but relative strength index issued for weakness. Break of 1.3110 will contribute to positive attitudes with probable next target 1.3530.
that's called a market change
Membre depuis Oct 11, 2013
posts 775
Jul 13, 2016 at 16:35
Membre depuis Apr 09, 2016
posts 421
Due to the forthcoming meeting of the Bank of England, the attention of market participants are still focused on the price dynamics of the British pound. After renewing the maximum in the Asian session GBP/USD corrected to 1.3336 to 1.3220. After a brief correction the pair has recovered to 1.3296. Currently pound against the US dollar is quoted at 1.3162.
Membre depuis Jul 10, 2014
posts 1117
Jul 15, 2016 at 10:40
Membre depuis Jul 10, 2014
posts 1117
GBP/USD couldn't break above the resistance at 1.3480, formed a double top there and then a hanging man candlestick below that level on the four-hour time-frame and naturally started falling. Next target is likely 1.3280.
Jul 17, 2016 at 09:45
Membre depuis Nov 16, 2015
posts 708
The British pound fell against the dollar on Friday. At the close of trading session GBP/USD is traded at 1.3179, shedding by 1.20%. I believe that the support is now located at the level of 1.2849, Monday's low, and resistance is likely to be at the level of 1.3481 - the maximum of Friday's trading.
Membre depuis Oct 02, 2014
posts 909
Membre depuis Oct 11, 2013
posts 775
Membre depuis Jul 10, 2014
posts 1117
Jul 18, 2016 at 10:36
Membre depuis Jul 10, 2014
posts 1117
The pair is forming a flag on the one-hour time-frame, there will likely be a new move to the downside again with target 1.3130.
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