GBP/USD daily outlook

from 2515 i will start to going long

The British pound lost 107 pips against the dollar. The session was opened at 1.2736, and prior to noon the bulls scored their peak at 1.2757. This was the turning point of the day, as the bears broke the support at 1.2690, bottomed at 1.2602. At the end of the day 1 pound was exchanged for 1.2629 US dollars.

Key levels to watch for:
Support: 1.2560; 1.2490;
Resistance: 1.2690; 1.2860; 1.3030.

The British Pound attempted to offset the loss from the previous day by adding 43 pips to its asset against the dollar. The opening quote for the day was 1.2628, and before noon the bears recorded their bottom at 1.2589. There was a rapid response from the bulls and the course broke the resistance at 1.2690 to reach a peak of 1.2671. Bulls did not have the strength to keep the course over the resistance, and at the end of the day a pound was exchanged for 1.2671 US dollars.

GBP/USD bounced off from 1.2590, but considering the doji candlestick and the shooting star candlestck that it has formed on the four-hour time-frame at 1.2680 it may test the aforementioned support at 1.2590 once again.

GBP/USD printed a weekly low of 1.2589 on Wednesday before BoE Chief Economist Andy Haldane’s hawkish comments pushed the pair higher to 1.2710.

UK Prime Minister Theresa May’s visit to Brussels failed to move the pair in a big way on Thursday. The spot traded around 1.27 levels in the Asian session today. The weekly 50-MA offers support at 1.2660.

Bearish exhaustion below weekly 50-MA
For three weeks now (including this week), the sellers have failed to keep the pair below weekly 50-MA. On the weekly chart, we clearly candles with long tails below the weekly 50-MA, suggesting dip demand/bearish exhaustion.

Reference: https://forexdaytips.blogspot.com/2017/06/will-gbpusd-bulls-be-able-to-defend.html

The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2719, gaining 0.29%. I believe that support is now at the level of 1.2587, the minimum of Wednesday, and the resistance is likely at 1.2817, the maximum of Monday.

GBP/USD is still hesitating, interesting to see what the week brings. Important events coming up.

The pair start week with a small gap up. Political uncertainty remains as Theresa May has been unable to form a government until now.

short TP at 1.21

GBP/USD bounced off from 1.2750 after forming a shooting star candlestick and a pair of spinning top candlesticks on the four-hour time-frame below that resistance. Next target is likely 1.2700 again.

The British pound reported a volatile session against the US dollar on Monday. The currency pair lost only 11 pips at a closing price of 1.2722. Daytime extreme values ​​were reached at 1.2759 and 1.2706 respectively. A more significant challenge for the couple in the downward direction is the 1.2700 level. A potential breakthrough will create the possibility of a prolonged decline.

Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090; 1.3270.

GBP/USD continues moving to the upside despite the signals for the opposite, likely due to fundamentals. The pair broken out above the last high at 1.2860 and its next target is likely at 1.2975.

Good days for the Sterling lately. Pair is up significantly after the press conference of the central bankers.

GBP/USD will most likely be range bound between 1.2850 and 1.2960

The GBPUSD breaks above the 1.3000 level and above the 55 Week EMA. The bullish trend may continue towards the 1.3100 zone.

GBP/USD closed above 1.30 for the first time since May 19 after Carney’s hawkish twist on Wednesday yielded a bullish descending broadening wedge breakout. The currency pair traded above 1.30 levels in the Asian session today.

Hello friends
How are you all?