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GBP/USD daily outlook
Biedrs kopš
823 ieraksti
Oct 12, 2016 at 15:45
Biedrs kopš
823 ieraksti
It rebounded from 1.2100 but even that was just temporary. The pair is slowly dropping back towards that support. I think eventually we'll see it reach 1.2000.
Biedrs kopš
909 ieraksti
Biedrs kopš
834 ieraksti
Oct 17, 2016 at 00:51
Biedrs kopš
834 ieraksti
Gbp/Usd although the pair is holding around 1.24 level, but bearish potential is clear, next support level can be found at 1.2220.
Biedrs kopš
3 ieraksti
Biedrs kopš
823 ieraksti
Oct 17, 2016 at 10:01
(labots Oct 17, 2016 at 10:04)
Biedrs kopš
823 ieraksti
The pair has been consolidating sideways above 1.2150 for a while now, and it has formed several spinning top bars on the four-hour time frame, so there might be some retracement in the near future, but I think that the overall trend remains bearish for the moment.
Biedrs kopš
708 ieraksti
Oct 20, 2016 at 08:51
Biedrs kopš
708 ieraksti
The British pound recorded a neutral session against the US dollar on Wednesday. The pair opened at 1.2292 and the price managed to break the resistance at 1.2300 twice. In the end, the pound ended at 1.2283 and if the downward trend continues couple will move to the next support at 1.2120.
Biedrs kopš
708 ieraksti
Oct 20, 2016 at 08:53
Biedrs kopš
708 ieraksti
Key levels to watch for:
Support: 1.2120; 1.1630;
Resistance: 1.2300; 1.2460; 1.2790.
Support: 1.2120; 1.1630;
Resistance: 1.2300; 1.2460; 1.2790.
Biedrs kopš
421 ieraksti
Oct 23, 2016 at 11:36
Biedrs kopš
421 ieraksti
The British pound fell against the dollar on Friday. By the close of US trading GBP/USD was trading at 1.2232, shedding 0.18%. I believe that the support is now located at the level of 1.2134, Monday's low, and resistance is likely at the level of 1.2334 -the maximum of Wednesday.
Biedrs kopš
834 ieraksti
Oct 23, 2016 at 22:52
Biedrs kopš
834 ieraksti
While technical indicators hold flat, but Brexit risk still exist and the pair well within bearish territory, further decline may continue. Next support level holds at 1.2169.
Biedrs kopš
708 ieraksti
Oct 24, 2016 at 07:08
Biedrs kopš
708 ieraksti
Key levels to watch for:
Support: 1.2079; 1.1619;
Resistance: 1.2332; 1.247.
Support: 1.2079; 1.1619;
Resistance: 1.2332; 1.247.
Biedrs kopš
708 ieraksti
Oct 24, 2016 at 08:12
Biedrs kopš
708 ieraksti
Pound / dollar was volatile last week. Trade signals are neutral. Initial support is at 1.2170 followed by 1.2135. Intraday resistance is seen at 1.2240, break of which could trigger further bullish pressure testing 1.2300 / 30. Overall I still prefer a bearish scenario but the more price remains above 1.20, the bullish correction / reversal scenario of the formation hammer should remain valid.
Biedrs kopš
421 ieraksti
Oct 24, 2016 at 09:13
Biedrs kopš
421 ieraksti
The pound registered a slight decrease against the dollar on Friday. The price of the opening session was close to closing, respectively, 1.2250 and 1.2221. The trend was volatile and early bearish sentiment prevailed. The pair hit bottom at 1.2170, but the pound subsequently recovered partial losses. Short-term expectations remain in favor of the US currency. In this case the support at 1.2079 could be tested soon.
Biedrs kopš
23 ieraksti
Oct 27, 2016 at 06:40
Biedrs kopš
23 ieraksti
So what do we think the UK GDP is gonna do to the cable? 0.3% increase (meets expectations) will likely get a lot of volatility and might have short term increase in gbp/usd. Anyone think the opposite? Anyone think it might be negative?
Biedrs kopš
823 ieraksti
Oct 27, 2016 at 15:07
Biedrs kopš
823 ieraksti
The pair broke below 1.2200 again, I think next target is around 1.2140, maybe even 1.2100.
Biedrs kopš
41 ieraksti
Oct 28, 2016 at 07:46
Biedrs kopš
41 ieraksti
To me realistically it may go down to 1.2150 max but then revert back up.
Biedrs kopš
823 ieraksti
Oct 28, 2016 at 10:44
Biedrs kopš
823 ieraksti
GBP/USD has almost reached 1.2100. I think that if it breaks out below that level it will continue falling to test the support at the previous low at 1.2081.
Biedrs kopš
41 ieraksti
Biedrs kopš
823 ieraksti
Oct 31, 2016 at 10:10
Biedrs kopš
823 ieraksti
I have decided not to open any positions for the moment. The pair is still moving sideways and throughout the week there will be a lot of news that will create a lot of volatility.
Biedrs kopš
421 ieraksti
Nov 01, 2016 at 07:56
Biedrs kopš
421 ieraksti
Pound/dollar made another indecisive movement last week. The bias is neutral for now. Immediate resistance is at 1.2225. A clear break above that area could trigger further bullish pressure for testing 1.2270 - 1.2300. Intraday support is 1.2150, whose breach could lead to downward pressure for testing 1.2080 but important support remains at 1.2000. The more price remains above 1.20, the bullish correction/reversal scenario of the formation hammer should remain valid.
Biedrs kopš
708 ieraksti
Nov 01, 2016 at 08:50
Biedrs kopš
708 ieraksti
The pound reported a second consecutive day of growth on Monday. The pair climbed by 53 pips to a closing price of 1.2238. The session took place in the final values 1.2248 and 1.2143. Overall pound closed sixth consecutive month of losses. The currency lost nearly 15.5% against the US dollar since Brexit. The Range in the couple of early October remains valid. A break of moving averages would open the possibility of testing the upper boundary at 1.2320.
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