GBP/USD daily outlook

GBP/USD is consolidating sideways for now but if the doji candlestick on the weekly time-frame above the support at 1.2350 is any indication it could start moving to the upside again.

The daily ranges on the GBPUSD are getting tighter and the pair is still in a consolidation. From the current levels the pair may head in any direction.

WHEN HAVE BREXIT..CAN U TELL ME WHAT DATE

Key levels to watch for:
Support: 1.2360; 1.2150;
Resistance: 1.2516; 1.2700.

The British pound fell against the dollar on Friday. By the closing of US trading GBP/USD was trading at 1.2410, shedding 0.64%. I believe that the support is now located at the level of 1.2379, Wednesday's low and resistance is likely at the level of 1.2550 - a maximum of Tuesday.

Next week there will be FOMC minutes, so pound may continue falling to 1.2346, followed by 1.2252.

GBP/USD had a tough week and now market participants are anticipating the Mark Carney speech on Tuesday before the UK parliament.

The GBPUSD dropped on Friday, but it has not been able to break away from the symmetrical triangle that has formed on the daily chart. From the current zone, the pair may go in any direction. We are just waiting for it to confirm a trend.

Gbp/Usd continue to struggle regain the 1.25 level, risk remains on the downside. Next support level can found around 1.2380 and follow by 1.2345.

Pound/Dollar had a moderate bullish momentum yesterday, topped at 1.2482. The bias is neutral in nearest term. Immediate resistance is seen at 1.2520. A clear break above that area could trigger further bullish pressure to test 1.2580. On the downside, first support is 1.2435. A clear break below could lead to bearish pressure testing 1.2380/40.

The GBPUSD had a moderate bullish momentum yesterday topped at 1.2482. The bias remains neutral in nearest term. Immediate resistance is seen around 1.2520. A clear break above that area could trigger further bullish pressure testing 1.2580. Immediate support is seen around 1.2435. A clear break below that area could trigger further bearish pressure testing 1.2380/40 area.

Hello,
GBP/USD - sterling advancing, so 1.2500 is in focus :)

Uneventful week for the Pound. Although the pair went down in teh beginning of the week, the GBP/USD pair is now back at previous level around 1.2550.

The pound recorded a sharp rise against the dollar on Thursday. British currency acquitted positive expectations and recorded substantial progress against the dollar. So the pound offset losses and get out of the narrow range in which varied past few sessions. Meanwhile, resistance at 1.2524 has been overcome and if bullish sentiment continues, the pair will test the level at 1.2576.

Key levels to watch for:
Support: 1.2382; 1.2345;
Resistance: 1.2524; 1.2576.

The pair continues under pressure, found immediate support level at 1.2390, it seems still room on the downside.

At 1.2430, the resistances are aligned at 1.2457/61 (10 & 5-DMA) and 1.2475 (20-DMA) and below that at 1.2500 (zero figure). On the flip side, the supports are lined up at 1.2385 (2-week low) and 1.2371 (daily S1) and below that at 1.2350

Potential Scottish independence referendum has ''kicked in'', further decline accelerating push the pair to support level at 1.2380.

On Tuesday, trading in Europe is relatively quiet. In anticipation of the President's speech the United States, major currency pairs traded in limited price ranges.
GBP/USD is consolidating in the range 1,2412-1,2450. The mood against the pair remains negative due to the growth of EUR/GBP. It will change in a positive way, if there is a break above 1.2452. Increasing the price above this level could provide a fresh impetus for a breakthrough to 1.2480.