GBP/USD daily outlook
Membre depuis Jul 10, 2014
posts 1117
Jan 12, 2017 at 13:41
For now the pair is bullish - a breakout above 1.2300 will likely lead to a further move to the upside towards the previous high at 1.2431.
Membre depuis Oct 02, 2014
posts 909
Jan 13, 2017 at 16:20
Bearish on the Sterling.
Positivity
Membre depuis Sep 22, 2015
posts 3
Jan 15, 2017 at 08:09
Nothing is impossible
Jan 15, 2017 at 08:31
The British Pound was up against the US Dollar on Friday. By the close of US trading GBP/USD was trading at 1.2174, gaining 0.12%. I believe that the support is now located at the level of 1.2036, Wednesday's low and resistance is likely at the level of 1.2318 - the maximum of Thursday.
Jan 16, 2017 at 23:17
(édité Jan 16, 2017 at 23:19)
The pair is trading in a relatively tight range around 1.20/21 after a big gap, but Pound is very fragile and highly dependable on political factor, all focus on May tomorrow. I'm expecting further decline, next target will be at 1.1900 zone.
Jan 17, 2017 at 07:54
Devhuti posted:
6th November 2015
The GBPUSD had a bearish momentum yesterday bottomed at 1.5359. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below the H4 EMA 200 located around 1.5370 targeting 1.5300 or lower. Immediate resistance is seen around 1.5400. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains around 1.5505 area which remains a good place to sell with a tight stop loss. We will have some high impact news from the UK today: BOE inflation report, MPC official bank rate votes and monetary policy summary.
Bullish on GRPUSD
Bearish on EURGRP
"If you are makeing less than 500% a month you aren't doing it right!"
Membre depuis Jul 10, 2014
posts 1117
Jan 17, 2017 at 12:24
GBP/USD rallied immensely after Theresa May's speech, the next target is likely at 1.2300.
Membre depuis Mar 25, 2015
posts 74
Jan 17, 2017 at 15:44
Quite a rally for the pair recently after May's speech, indeed! Like a roller coaster falling down fast and now back up breaking the strong resistance level at 1.2310 and moving further upwards. MACD is close to the zero line while momentum is very bullish.
Membre depuis Feb 19, 2014
posts 61
Jan 17, 2017 at 17:06
hii any help me how long gu have support its already go 1.396 so please help me when its reactment
Jan 18, 2017 at 11:59
The pound recorded a powerful increase against the dollar on Tuesday. British currency registered its biggest one-day rise in nearly a decade. So resistance at 1.2314 was breached and the pair made a test on the second level at 1.2425. Short-term expectations remain in favor of the pound. Trade was opened at a price of 1.2044 as bulls guided currencies from the beginning. The rally of the pound strengthened after the statement of Theresa May on Brexit votes and so the closing price coincided with the highest value for the day - 1.2414.
Membre depuis Jul 10, 2014
posts 1117
Jan 18, 2017 at 13:48
(édité Jan 18, 2017 at 13:59)
For now the pair is retracing after the considerable move to the upside yesterday. The closest target is likely around 1.2245, which is the (MA)89 indicator on the four-hour time-frame.
Jan 19, 2017 at 11:12
Pound/dollar has strong momentum down yesterday, formed a bottom at 1.2253. Currently the price tests 1.2270 resistance. A clear break above this level will take price to neutral trading zone testing 1.2400. The bias is neutral, possibly with slight bearish signals in the short term to test 1.2100 - 1.2080. Immediate support is seen at 1.2200.
Membre depuis Jul 10, 2014
posts 1117
Jan 19, 2017 at 14:58
The pair bounced off 1.2250 after forming a spinning top candlestick on the four-hour time-frame. Next target is likely 1.2345.
Jan 19, 2017 at 16:37
(édité Jan 19, 2017 at 16:38)
Think it will stay rangebound in 1.22 - 1.24 for a while. There is strong fairly strong resistance found just above 1.24, and just below 1.22 after all. And there isn't much major stuff to push the GBP on either side coming up.
Membre depuis Oct 11, 2013
posts 775
Jan 19, 2017 at 20:36
Good rally on the GBPUSD, the bullish trend is back in place and the pair may go and visit the 1.2600 level in the next few weeks.
Membre depuis Oct 08, 2011
posts 137
Jan 19, 2017 at 22:13
GBP/USD daily chart
major entry signal (buy)
place a buy order at the high from yesterday (1.2345 + spread + 1 pip)
if the first entry is missed, a second entry is possible at (1.2417 + spread + 1 pip)
place your SL at 1.2000
exit 1: near 1.2550
exit 2: near 1.2650
exit 3: near 1.3060
major entry signal (buy)
place a buy order at the high from yesterday (1.2345 + spread + 1 pip)
if the first entry is missed, a second entry is possible at (1.2417 + spread + 1 pip)
place your SL at 1.2000
exit 1: near 1.2550
exit 2: near 1.2650
exit 3: near 1.3060
"a little bit of knowledge is a dangerous thing"
