GBP/USD daily outlook

GBP/USD daily chart
update to my signal from Jan. 19th
major entry signal:

2 possible BUY entry prices and 3 suggested exits:

(1.2345 + spread + 1 pip)
(1.2417 + spread + 1 pip)

exit 1: near 1.2550
exit 2: near 1.2650
exit 3: near 1.3060

Exit nr. 2 was reached this morning

An expected pullback on the GBPUSD for today, as the pair was clearly overbought and even though it has broken below the 1.2600 level, the bullish trend is still in place as long as it doesnt drop below the 1.2500 level.

GBP/USD finally found some resistance at 1.2673 and bounced off that level. For now it's retracing and its closest target is likely at 1.2530, which is the (MA)89 indicator on the one-hour time-frame.

Momentum seems definitely bearish in short term. If it breaks 1.2530, I would watch for a next support at around 1.2510 on a h1 chart.

I'm optimistic about the US dollar.

Gbp/Usd is consolidating while remains in the bullish territory short term, as long as the pair stay above 1.2510, upward potential might extend.

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The dollar fell because of an immigration policy of Trump. The pound sterling has appreciated by 0.2 percent to $1.2516, but still remains near the weekly low of $1.2466 against the background of market nervousness in anticipation of the Bank of England meeting on Thursday.

The pound recorded a slight decrease against the dollar during the first day of the week. British currency justified the negative expectations and the couple came to the support at 1.2408. If the downward momentum continues in the future, the key level will be breached. Session on Monday launched at a price of 1.2587 as bearish sentiment prevailed from the start. Once the bottom was reached during the day at 1.2465, the pound regained some of the lost positions. The finale was put on a course of 1.2485.

Key levels to watch for:
Support: 1.2408; 1.2252;
Resistance: 1.2672; 1.2775.

Pound/dollar had a bearish momentum yesterday, bottomed at 1.2465. The bias is bearish for now to test 1.2500 - 1.2465. Overall, however, the price is still in bullish phase after the bounce from 1.2000 psychological level and any downside pullback should be seen as a good opportunity for long positions with targets near 1.2790.

GBP/USD could not break below 1.2475 despite the US NFP today. It has formed a spinning top candlestick on the four-hour time-frame above that support and it will likely bounce off of it.

I expect the sideways trading to continue.

Amazing comeback on the GBPUSD after starting the session to the downside, it rallies above the 1.2500 zone to come close to the 1.2600 level, but it stalls around the 1.2500. The pair may still try to reach the 1.2600 level and go back to its bullish trend.

Pound/Dollar attempted to push lower yesterday, formed a bottom at 1.2346, but turned up and closed higher at 1.2507. The bias is neutral, possibly with slight bullish signals for testing 1.2600. Intraday support is at 1.2450, whose breakthrough could lead to downward pressure on testing 1.2400 - 1.2350. Overall I remain neutral.

hiii can any help me where gpbusd move its up trend or down...

The pound continued upwards momentum and managed to add another 31 pips against the dollar. The day was volatile. The price by opening of session was 1.2507, as in the morning had bottomed at a rate of 1.2474. There were four strong bullish hours and a high at 1.2549. Ultimately session ended in the red for the dollar at a price of 1.2538 dollars per pound.

Key levels to watch for:
Support: 1.2420; 1.2120;
Resistance: 1.2558; 1.2690.

The British pound fell against the dollar on Friday. By the closing of US trading GBP/USD was trading at 1.24849, shedding 0.06%. I believe that the support is now located at the level of 1.2344, Tuesday's low, and resistance is likely at the level of 1.2585 - maximum of Thursday.