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GBP/USD daily outlook
Sep 29, 2016 at 10:43
Anggota Sejak Nov 16, 2015
708 pos
On Thursday, the pound fell against USD, despite the publication of upbeat UK data, as the US dollar was supported by comments from yesterday's Federal Reserve Chairman Janet Yellen.
During European morning trade, the pair GBP/USD reached 1.3002, the session low, and subsequently consolidated at 1.3004, shedding 0.13%.
During European morning trade, the pair GBP/USD reached 1.3002, the session low, and subsequently consolidated at 1.3004, shedding 0.13%.
Sep 30, 2016 at 07:50
(diedit Sep 30, 2016 at 08:06)
Anggota Sejak Dec 09, 2015
823 pos
The pair is still pushing to the downside despite the spinning top and hammer bars that have formed on the 4-hour time frame. A breakout below 1.2945 would be a signal for another drop towards 1.2915 - 1.2900.
Oct 02, 2016 at 11:05
Anggota Sejak Apr 09, 2016
421 pos
The British Pound was up against the US Dollar on Friday. By the close of US trading GBP/USD was trading at 1.2978, gaining 0.08%. I believe that the support is now located at the level of 1.2914, Monday's low, and resistance is at the level of 1.3060 - the maximum of Thursday.
Anggota Sejak Jul 12, 2016
78 pos
Oct 06, 2016 at 13:38
Anggota Sejak Jul 12, 2016
78 pos
The GBPUSD was indecisive yesterday. The bias remains bearish in nearest term testing 1.2600 before targeting 1.2500. Immediate resistance remains around 1.2790. A clear break and daily close back above that area could lead price to neutral zone in nearest term testing 1.2860 area but overall I remain bearish.
Anggota Sejak Oct 02, 2014
909 pos
Oct 10, 2016 at 10:34
Anggota Sejak Dec 09, 2015
823 pos
csc2009 posted:
Although the pair has quickly rebounded back to around 1.243 level but after the Pound collapse open the possibility to the downside of 1.2000 handle.
I agree. We might see some retracement after such a massive drop, but for the moment the pair remains very bearish.
Oct 11, 2016 at 09:20
Anggota Sejak Nov 16, 2015
708 pos
The British pound continued to depreciate against the dollar for a third day on Monday. The pair slid 35 pips to 1.2359, with a decline of over 5% for the past eight sessions. Trading took place in the final values 1.2443 and 1.2344. Technically the bears remain in the leading position, but recovery of the RSI and inability to breakthrough from current levels may lead to start of an upward movement.
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