GBP/USD daily outlook

GBP/USD dropped after the fundamentals yesterday, but it could not break out below the long-term support at 1.3460 and eventually bounced off from it again. Currently the pair is at 1.3580 and it may test the resistance at 1.3600.

Key levels to watch for:
Support: 1.3093; 1.3030;
Resistance: 1.3935.

The GBP/USD sideways consolidation continues. That said, the pair has formed a shooting star candlestick on the daily time-frame at 1.3655, so there might be a deeper move to the downside, should the pair break out below 1.3460.

The British pound was down against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3510, losing 0.53%. I believe that the support is now at the level of 1.3452, the minimum of Wednesday, and the resistance is likely to be at 1.3658 - the maximum of Wednesday.

lack of progress of Brexit negotiation bring the Gbp/Usd correction lower, found support level around 1.3440/50 zone.

Apart from the shooting star candlestick on the daily time-frame at 1.3655 GBP/USD also formed a spinning top candlestick at the same level on the weekly time-frame, further confirming that there will likely be a new move to the downside even though the pair is still testing the support at 1.3450.

Looks like the GBPUSD has formed what it appears to be a bullish flag on the daily chart. The price action during the consolidation has been very volatile and the pair may head in any direction. In order for the bullish trend to stay on, the price must break above the 1.3600 level and to see a bearish reversal, the price must break below the 1.3300 level.

Big improvement in the Sterling. Last few days were off but i think the main trend keeps up.

The British pound recorded a neutral session against the US dollar on Tuesday. The currency pair opened at 1.3462 and after a volatile session the pound lost only 4 pips. If the price goes up, the pair will target the resistance at 1.3600. Otherwise, in the downside, maybe there will be a first support test at 1.3440.

Support: 1.3440; 1.3260; 1.3100;
Resistance: 1.3600;

Channel Down identified at 27-Sep-15:30 2017 GMT-2. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3514 within the next 15 hours.

GBP/USD bounced off from the support at 1.3340 and broke out above 1.3375, which is the (MA)89 indicator on the four-hour time-frame. The rally will probably continue towards 1.3500.

I'm sorry i missed selling :(

It may be time for long positions anyway, GBP/USD has formed a double bottom at 1.3340 - 1.3350 and it will likely bounce off from that support.

The British pound also posted an increase against the US dollar on Thursday. The session started at 1.3384 and ended at 1.3439. Graphics continued to evolve between creeping averages, while the relative strength index remained neutral. In the short term, prospects remain neutral, and the 1.3260 and 1.3440 levels are indicative of the upcoming direction.

The British pound was down against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3397, losing 0.33%. I believe that the support is now located at the level of 1.3343, the low of Thursday, and resistance is likely at 1.3572 - Monday's high.

only 1 idicator left before entering a short trade on th day chart ,waiting for for rsi to get under 50 ,that should happen next week

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Channel Down identified at 29-Sep-08:45 2017 GMT-2. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 1.3423 .more details available of gbpusd

Gbp/Usd is consolidating lower, upside seems limited to 1.3660 level. Brexit talks still lack of progress, eyes turn to UK PMI this week.