GBP/USD daily outlook

Getting ready to go down if Non Farm rolls positive.

FED about to raise rates will affect the journey South.

UK interest rates will stay the same.

Trades! What expectations about NFP results do you have? What you waiting in the friday?
P.S. Sorry for my english.

It's seems to me american economics feels good and growth. I think that american economics feels good and growth up now. And it could gonna go up to the Xmas.
P.S. Sorry for my english.

Pound / Dollar had a bullish momentum yesterday, topped at 1.2525. The outlook is bullish in nearest term for testing 1.2600. Initial support is at 1.2455, whose breach could lead price to neutral trading zone testing 1.2400 but as long as the pair holds above 1.2330, I prefer bullish scenario at this stage.

hii i am buy pound but its down now i will buy 1.2610

The British pound recorded a modest rise against the US dollar on Wednesday. After a volatile session, the pound added only 15 pips at a closing price of 1.2505. The pair bounced from support at 1.2460 and if prices continue to rise pound will move to the first resistance at 1.2790.

thankyou buddy...

GBPUSD continues to trade above its technical level of 1.25. Technically, we expect the pair to trade higher with is resistance at 1.2730, till the time is sustaining above 1.25 level. A break below this level might raise some selling pressure and taking immediate support at 1.25 whereas its major support level is found at 1.23.

Neutral for the moment.

Bearish gap has been recovered, Pound is back around 1.27 level. ''Soft tone'' on Brexit talk might give the pair a push towards positive territory.

csc2009 posted:
Bearish gap has been recovered, Pound is back around 1.27 level. ''Soft tone'' on Brexit talk might give the pair a push towards positive territory.

It did recover the gap, but the pair is very undecided at the moment, whether it will continue climbing remains to be seen. If it does break out above 1.2730 next target will likely be 1.2800.

I saw it breaking the 1.2730 level and now it seems quite back on the uptrend. MACD is showing also a bullish sentiment on a daily chart. In line with the Italian referendum results, seems the interest of the traders is moving back to GBPUSD.

Pound continues to drive higher taking advantage of Italy referendum, softer tone against Brexit, volatility in the USD and stronger U.K data. Technically as well we expect more upside potential. The pair is cling to the range of 1.25-1.27. We expect the pair to trade higher taking resistance at 1.28, after that it may fade away whereas next resistance can be found at 1.2877. A break below 1.27 level might raise some selling pressure and taking immediate support at 1.25 whereas its major support level is found at 1.23.

GBPUSD is correcting lower, 1.2655 low as at the time of writing. The correction is to pave way for its upward continuation to 1.3200s. Break of 1.2730 already confirmed this impending scenario..

where the gbpusd move now its down very low can we buy now its rigth time

uzoma posted:
GBPUSD is correcting lower, 1.2655 low as at the time of writing. The correction is to pave way for its upward continuation to 1.3200s. Break of 1.2730 already confirmed this impending scenario..

On the GBPUSD
Do you mean that it will correct the current bearish trend and move bullish to an upward trend?From your analysis,do you think it will break through at least 1.2780?I entered a sell position 1.27605 yesterday and still on a minus.

The British pound recorded a fall against the dollar on Tuesday, breaking a five-day winning streak. Price managed to reach more than two-month high at 1.2774, but ultimately GBP/USD depreciated by 53 pips for the day to 1.2677. The price remains above the rising moving averages, as RSI lost positions and levels around Tuesday's high now represents significant resistance that puts the bulls on test.

Key levels to watch for:
Support: 1.2545; 1.2350; 1.2090;
Resistance: 1.2775; 1.3045.

The British pound continued to loose against the dollar for a second day on Wednesday. The pair has depreciated by 53 pips to 1.2624, and traded within the extreme values ​​1.2682 and 1.2569. Poor manufacturing data from Britain in October reflected on the price, which found support from their 50-period average. The index of relative strength lost positions though, which gives extra confidence of the Bears.