GBP/USD daily outlook

The GBPUSD stays below the 1.4900 level, it seems like it will remain weak.

I think the pair will rise towards 1.4940, it formed a double bottom on the 4-hour time-frame.

Overall looking Bearish given the Consolidation breakouts on the Daily Chart








However, 4H Signal given is too weak to trade now...






This means we gonna have to wait for another 4H or Daily Signal that is stronger to justify entry













Duane
DRFXSWINGTRADING

1.4800 level good support for the GBPUSD, the bearish trend is still in place, there could be a breakdown of that level. The 1.4900 acting as a good resistance for now.

No good trading oportunities until 4th January 2016 now

Good move last week!

All GBP pairs were the biggest movers for the past 2 weeks.

In my opinion GBP is at the start of a rally based on daily and weekly charts. If you put your emotions aside you can clearly see the drop from June 18 2015 is a correction, its very choppy.

Expecting a rally to the 1.6000 level.

GBP/USD couldn't break above the resistance at 1.4840 and returned to 1.4815 again. It might fall to 1.4780 again, but I don't think we'll see any major changes before the end of the holidays.

WHere are the bulls?!

Bulls?

My target is 1.4566.

Considering that the pair formed a new low at 1.4532, I think it will fall much lower than that. I can see it reaching 1.4200 in the foreseeable future.

Waiting to go long soon.

It will be a correction from 1.4560. I still think about it ...

Heading lower...I got 138 Pips from it last week..still more to go..

Good move, lowest since 2010.

Я буду продавать ниже 1.4515.

I think it's headed towards 1.4200, though it might fall even lower than that.

@mlawson71 SELL 1.44436 TP 1.4343 and SELL 1.4415 TP 14270.