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GBP/USD daily outlook
Membre depuis Oct 11, 2013
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Membre depuis Oct 02, 2014
posts 909
May 07, 2017 at 21:14
Membre depuis Apr 09, 2016
posts 421
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2980, gaining 0.45%.
I believe that support is now at around 1.2829, Thursday's low, and resistance is likely at 1.2976, the high of Friday's trading.
I believe that support is now at around 1.2829, Thursday's low, and resistance is likely at 1.2976, the high of Friday's trading.
Membre depuis May 22, 2014
posts 5
May 11, 2017 at 07:25
Membre depuis Sep 20, 2012
posts 9
is the sterling going to meet and cross 1.30 area after today announcement, or its an opportunity:
Expect strong resistance below 1.3300 to bring larger down trend resumption, while we have first to meet 1.3080 . On the downside, break of 1.2860 support will indicate short-term topping. If it will fail to stay above the level it will be turned back to the downside for 1.2640 support
Expect strong resistance below 1.3300 to bring larger down trend resumption, while we have first to meet 1.3080 . On the downside, break of 1.2860 support will indicate short-term topping. If it will fail to stay above the level it will be turned back to the downside for 1.2640 support
Membre depuis Jul 10, 2014
posts 1117
May 11, 2017 at 14:57
Membre depuis Jul 10, 2014
posts 1117
GBP/USD bounced off from 1.2988 after forming a shooting star candlestick at that level on the four-hour time-frame as well as a double top, also at that level. The pair is testing the support at 1.2850 and a breakout below that level will likely lead to a further move to the downside towards 1.2800.
Membre depuis Oct 02, 2014
posts 909
May 14, 2017 at 16:33
(édité May 14, 2017 at 16:38)
Membre depuis Apr 09, 2016
posts 421
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2889, gaining 0.02%. I believe that support is now at around 1.2845, the low of today's trading, and resistance is likely to come in at 1.2992, Monday's high.
May 15, 2017 at 06:26
Membre depuis Apr 09, 2016
posts 421
Initial sales on Thursday clearly showed a negative attitude on the part of market participants regarding the GBPUSD currency pair. This, however, was followed by a sharp and rapid change in sentiment, which triggered the price over the 13-year moving average.
The bounce was strong, although the 'cable' managed to correct only half of the downward movement from the previous day. The upward momentum remains up to date, indicating that the price has the potential to realize another ascending impulse.
The bounce was strong, although the 'cable' managed to correct only half of the downward movement from the previous day. The upward momentum remains up to date, indicating that the price has the potential to realize another ascending impulse.
May 15, 2017 at 22:14
Membre depuis Feb 04, 2017
posts 40
It seems GBPUSD is rejecting the minor resistant 1.29057 ( high of April 18), but if you look closely , it is still holding the bullish breakout and re-testing the lower low trendline as support!
I will only take long position if the price action break the resistant 1.29057 by a daily closing. 1.31207 is the next probable destination for GBPUSD, and with a weaker dollar that is very possible.
All the best guys.
(Important: My chart is from Tickmil, and you need to update the price action according to your broker)
I will only take long position if the price action break the resistant 1.29057 by a daily closing. 1.31207 is the next probable destination for GBPUSD, and with a weaker dollar that is very possible.
All the best guys.
(Important: My chart is from Tickmil, and you need to update the price action according to your broker)
Helping new traders
Membre depuis Oct 11, 2013
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Membre depuis May 17, 2017
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Membre depuis Jul 10, 2014
posts 1117
May 18, 2017 at 15:01
Membre depuis Jul 10, 2014
posts 1117
GBP/USD finally found some resistance at 1.3050 and bounced off from that level after forming a shooting star candlestick on the four-hour time-frame. Next target is likely 1.2940.
May 18, 2017 at 16:36
Membre depuis Nov 16, 2015
posts 708
The pound recorded a positive session against the dollar on Wednesday. So the pair came out of the narrow range that the last few days have not been changing. Resistance at 1.2987 was hit for a moment, but very quickly the dollar compensated for the losses and the pair finished below the key levels. Trading on Wednesday was opened at 1.2918, the trend being bullish in most of the time. Peak for the day was reached at 1.2989 and the final was 20 pips lower.
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