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GBP/USD daily outlook
Membro Desde Oct 11, 2013
775 posts
Sep 20, 2018 at 02:09
Membro Desde Oct 11, 2013
775 posts
This Wednesday's daily candle on the GBPUSD is in the shape of a doji with relative long shadows, this is an indication of indecision, but with high volatility. the pair may continue to the 1.3300 level or it may pull back to the 1.3000 level.
Membro Desde Sep 01, 2018
18 posts
Membro Desde Oct 02, 2014
909 posts
Membro Desde Dec 10, 2017
210 posts
Membro Desde Jul 10, 2014
1117 posts
Sep 21, 2018 at 16:46
Membro Desde Jul 10, 2014
1117 posts
The pair fell with over 200 pips today, from 1.3280 to 1.3055. Next week there will likely be a retracement before the move to the downside continues.
Membro Desde Sep 01, 2018
18 posts
Membro Desde Oct 02, 2014
909 posts
Membro Desde Sep 18, 2018
11 posts
Membro Desde Oct 02, 2014
909 posts
Membro Desde Dec 10, 2017
210 posts
Oct 02, 2018 at 14:52
Membro Desde Nov 16, 2015
708 posts
GBP/USD continued the move down yesterday, making a bottom at 1.3011. The outlook remains bearish in the short term, but I recall the need for a clear break below the psychological level of 1.3000 for the restoration of the descending rally for the 1.2935 test. Immediate resistance is seen at 1.3090. A clear breakthrough over it may take the price to a neutral zone, but while it remains below 1.3175, I still prefer the bearish scenario at this stage. And any upward pressure should be considered as a good opportunity for short positions.
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