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GBP/USD daily outlook
Membre depuis Jul 10, 2014
posts 1117
Aug 03, 2016 at 10:17
Membre depuis Jul 10, 2014
posts 1117
GBP/USD is testing the resistance at 1.3350. A possible breakout above that level could lead to a further move to the upside towards the previous high at 1.3480.
Membre depuis Jul 10, 2014
posts 1117
Aug 05, 2016 at 11:42
Membre depuis Jul 10, 2014
posts 1117
The pair bounced off 1.3100 and is currently testing 1.3165. A breakout above that level would lead to a further move to the upside towards 1.3190 - 1.3200, but that also depends on the US Non-farm payrolls.
Membre depuis Oct 02, 2014
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Membre depuis Oct 11, 2013
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Membre depuis Jul 10, 2014
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Aug 09, 2016 at 12:31
Membre depuis Jul 10, 2014
posts 1117
It broke below 1.3000, its first target will likely be 1.2900, but it might continue falling below that level too.
Aug 14, 2016 at 08:10
Membre depuis Apr 09, 2016
posts 421
The British pound fell against the dollar on Friday. By the end of trading session GBP/USD was traded at 1.2914, shedding 0.32%. I believe that the support is now located at the level of 1.2904, the low of Friday's trading, and resistance is likely to be at the level of 1.3097 - Monday's high.
Aug 14, 2016 at 08:58
Membre depuis Apr 09, 2016
posts 421
Most of the week the pound stayed lower than 1.30. GBP/USD has fallen after the house price balance in the UK appeard much worse than expected. The indicator was only 5% instead of the expected 15%. At the same time RICS said, that the fall in sales was the biggest since the financial crisis in 2008, the rise in prices in July was the slowest in three years, while the volume of new sales fell. This shows that the real estate market is already adjusting to the decision of the UK to leave the EU, and as British consumers are so heavily dependent on property prices, their sudden drop may affect consumer spending in the future.
Membre depuis Oct 02, 2014
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Membre depuis Oct 11, 2013
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Membre depuis Apr 25, 2012
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forex_trader_29148
Membre depuis Feb 11, 2011
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Membre depuis Jul 10, 2014
posts 1117
Aug 18, 2016 at 11:13
Membre depuis Jul 10, 2014
posts 1117
The FOMC meeting minutes announcement yesterday provoked a move to the upside that will likely continue today. Next target is probably 1.3200.
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