GBP/USD daily outlook
Medlem sedan Nov 16, 2015
708 inlägg
Sep 29, 2016 at 10:43
On Thursday, the pound fell against USD, despite the publication of upbeat UK data, as the US dollar was supported by comments from yesterday's Federal Reserve Chairman Janet Yellen.
During European morning trade, the pair GBP/USD reached 1.3002, the session low, and subsequently consolidated at 1.3004, shedding 0.13%.
During European morning trade, the pair GBP/USD reached 1.3002, the session low, and subsequently consolidated at 1.3004, shedding 0.13%.
Medlem sedan Nov 16, 2015
708 inlägg
Sep 29, 2016 at 10:44
Key levels to watch for:
Support: 1.3000; 1.2875; 1.2790;
Resistance: 1.3200; 1.3355.
Support: 1.3000; 1.2875; 1.2790;
Resistance: 1.3200; 1.3355.
Medlem sedan Dec 09, 2015
823 inlägg
Sep 30, 2016 at 07:50
(redigerad Sep 30, 2016 at 08:06)
The pair is still pushing to the downside despite the spinning top and hammer bars that have formed on the 4-hour time frame. A breakout below 1.2945 would be a signal for another drop towards 1.2915 - 1.2900.
Medlem sedan Apr 09, 2016
421 inlägg
Oct 02, 2016 at 11:05
The British Pound was up against the US Dollar on Friday. By the close of US trading GBP/USD was trading at 1.2978, gaining 0.08%. I believe that the support is now located at the level of 1.2914, Monday's low, and resistance is at the level of 1.3060 - the maximum of Thursday.
Medlem sedan Apr 09, 2014
834 inlägg
Oct 03, 2016 at 02:50
A gap down, the pair seems continue its sideway but overall downtrend movement.
Medlem sedan Nov 14, 2015
325 inlägg
Oct 03, 2016 at 10:17
(redigerad Oct 03, 2016 at 10:20)
UK economy continue strong with a contruction PMI beating estimates above 55. When the May comments settle, the pair might head towards 1.30 again. Even the oil boost is good for the UK economy.
Medlem sedan Dec 16, 2011
297 inlägg
Oct 03, 2016 at 11:51
i agree 1.30 is def on the cards this week
Medlem sedan Dec 09, 2015
823 inlägg
Oct 03, 2016 at 15:39
GBP/USD broke below 1.2914 and it is clearly very bearish for the moment. I think that next target will be the previous low at 1.2788.
Medlem sedan Dec 09, 2015
823 inlägg
Oct 04, 2016 at 12:09
Not only did GBP/USD reach 1.2788 but it broke below that level. I think next target is 1.2700.
Medlem sedan Dec 16, 2011
297 inlägg
Oct 05, 2016 at 06:42
GBP/usd is way oversold .waiting for a rebound to 1.30
Medlem sedan Dec 09, 2015
823 inlägg
Oct 05, 2016 at 15:33
GBP/USD formed a new historic low at 1.2685 and rebounded from it, also forming four-hour hammer and an inverted hammer bar above that level. I think next target is 1.2800 - 1.2820 again.
forex_trader_29148
Medlem sedan Feb 11, 2011
1916 inlägg
Oct 05, 2016 at 16:02
hope my 2 shorts positions go in profit before the hammer strikes
Medlem sedan Jul 12, 2016
78 inlägg
Oct 06, 2016 at 13:38
The GBPUSD was indecisive yesterday. The bias remains bearish in nearest term testing 1.2600 before targeting 1.2500. Immediate resistance remains around 1.2790. A clear break and daily close back above that area could lead price to neutral zone in nearest term testing 1.2860 area but overall I remain bearish.
Medlem sedan Dec 09, 2015
823 inlägg
Oct 06, 2016 at 15:19
It appears that nothing can stop the GBP/USD drop, yesterday's retracement was only temporary. The pair broke below 1.2685 and I think next target will be 1.2600.
Medlem sedan Oct 02, 2014
909 inlägg
Oct 07, 2016 at 08:05
And that is how you manipulate a market.
Positivity
Medlem sedan Apr 09, 2014
834 inlägg
Oct 09, 2016 at 23:59
Although the pair has quickly rebounded back to around 1.243 level but after the Pound collapse open the possibility to the downside of 1.2000 handle.
Medlem sedan Dec 09, 2015
823 inlägg
Oct 10, 2016 at 10:34
csc2009 posted:
Although the pair has quickly rebounded back to around 1.243 level but after the Pound collapse open the possibility to the downside of 1.2000 handle.
I agree. We might see some retracement after such a massive drop, but for the moment the pair remains very bearish.
Oct 11, 2016 at 06:28
Already saw the retracement Friday - whether you take the 1.19 lows at most brokers or the or the 1.12 etc from some sources - pair retraced > 78.6 that day. Saw lots of folks calling for a bounce completely ignoring this. Holding short.
Medlem sedan Nov 16, 2015
708 inlägg
Oct 11, 2016 at 09:20
The British pound continued to depreciate against the dollar for a third day on Monday. The pair slid 35 pips to 1.2359, with a decline of over 5% for the past eight sessions. Trading took place in the final values 1.2443 and 1.2344. Technically the bears remain in the leading position, but recovery of the RSI and inability to breakthrough from current levels may lead to start of an upward movement.
Medlem sedan Nov 16, 2015
708 inlägg
Oct 11, 2016 at 09:23
Key levels to watch for:
Support: 1.1105; 1.1045; 1.0955;
Resistance: 1.1280; 1.1355.
Support: 1.1105; 1.1045; 1.0955;
Resistance: 1.1280; 1.1355.
