GBP/USD daily outlook
Uczestnik z Dec 11, 2015
1487 postów
Mar 06, 2016 at 10:01
It's currently testing the resistance at 1.4220, a breakout above that level will mean it will likely continue rising much higher.
Uczestnik z Oct 11, 2013
775 postów
Mar 08, 2016 at 06:10
Even though the GBPUSD is trying to stall its rally, if the pair continues higher, then the 55 day EMA may act as resistance, around the 1.4353.
Uczestnik z Oct 11, 2013
775 postów
Mar 08, 2016 at 23:51
It seems like the GBPUSD wants to come back down, now the bullish correction is losing its momentum.
Uczestnik z Oct 02, 2014
909 postów
Mar 09, 2016 at 09:19
Expecting a move upward now.
Positivity
Uczestnik z Dec 09, 2015
823 postów
Mar 14, 2016 at 15:03
The pair found resistance at 1.4390 and formed a doji candlestick on the daily time frame, I think it will retrace back to 1.4300 or lower.
Uczestnik z Oct 11, 2013
775 postów
Mar 15, 2016 at 05:32
The Bank of England may decide the direction on the GBPUSD during this week, but to far the pair may try to go lower.
Uczestnik z Dec 09, 2015
823 postów
Mar 15, 2016 at 13:38
(edytowane Mar 15, 2016 at 13:40)
I agree. In my opinion the next level of support is at 1.4120 but it may fall lower than that level.
Uczestnik z Oct 11, 2013
775 postów
Mar 15, 2016 at 23:34
Even though the GBPUSD dropped for today, the pair may end up consolidating around the 1.4200 and 1.4100 zone until the FED announcement.
Uczestnik z Dec 09, 2015
823 postów
Mar 16, 2016 at 12:05
It's testing 1.4100 at the moment. If it breaks below that level the next immediate target is 1.4060 - 1.4050.
Uczestnik z Dec 16, 2011
297 postów
Mar 17, 2016 at 07:15
dianajs posted:
It's testing 1.4100 at the moment. If it breaks below that level the next immediate target is 1.4060 - 1.4050.
good call .. 30 pips in the bag if you managed to get in .
Uczestnik z Dec 16, 2011
297 postów
Mar 17, 2016 at 10:49
more like 300 pips by now ..
Uczestnik z Dec 09, 2015
823 postów
Mar 17, 2016 at 11:53
DrVodka posted:
more like 300 pips by now ..
Fed quite an effect on it. And it will continue rising, the way it's going. It will probably reach 1.4400.
Uczestnik z Oct 02, 2014
909 postów
Mar 18, 2016 at 08:51
I exited my position, too uncertain.
Positivity
Uczestnik z Dec 09, 2015
823 postów
Mar 18, 2016 at 14:06
arigoldman posted:
I exited my position, too uncertain.
I agree. It's testing the resistance at 1.4490 - 1.4500, but today's Friday and the market will close later today. It could break above the resistance, but I'm not sure how good of an idea it is to open such a new position at this time.
Uczestnik z Dec 09, 2015
823 postów
Mar 24, 2016 at 13:49
32IN12Yes posted:
Looking for the 1.4110 if it breaks it......down to the 1.4053
It's still testing that support but will break below it, I think. I'm not sure whether it will reach 1.4050, but I think it will reach at least 1.4070.
Uczestnik z Nov 14, 2015
325 postów
Mar 26, 2016 at 03:30
It will likely return to 1.4070 - 1.4100 levels on Monday. No coming support for a rate hike from BOE, a hike from the Feds is still likely. All while you have brexit risk, with growing support. Telegraph poll about a week ago at 49% to leave - 47% to stay, all while leave was below 40 first half of 2015, and below 45 all of the remaing of the year, EU terrorism doesn't help the numbers.
Uczestnik z Dec 11, 2015
1487 postów
Mar 26, 2016 at 09:47
I too think it will fall towards 1.4070. Once it reaches that support it will become clearer whether it will continue falling or not.
Uczestnik z Mar 28, 2016
93 postów
Mar 29, 2016 at 06:10
The GBPUSD had a bearish momentum last week bottomed at 1.4057. The bias is bearish in nearest term testing 1.4050. A clear break and daily close below that area could trigger further bearish pressure testing 1.3900 area. Immediate resistance is seen around 1.4200. A clear break and daily close above that area could trigger further bullish pressure testing 1.4300 – 1.4400 area. My major technical outlook remains neutral but as long as stays below 1.4200 I prefer a bearish scenario at this phase.
Uczestnik z Dec 09, 2015
823 postów
Mar 29, 2016 at 12:56
I agree, I think the pair is headed towards 1.4400, maybe even 1.4440.
