GBP/USD daily outlook

going down ,told you

GBP/USD reached a low at 1.3220 and began a sideways consolidation. Later this week there will be major fundamentals, so the pair will likely continue consolidating until then.

On the first day of the new week, the Pound/Dollar currency pair lost 107 pips. The day was opened at 1.3380, and not long after the bulls recorded a modest peak at 1.3402. For the rest of the day, the bears dominated and took the course only 6 pips to the support at 1.3250. By the end of the session one pound was exchanged for 1.3273 dollars.

Support: 1.3250; 1.3100;
Resistance: 1.3450; 1.3600; 1.3830;

i am long on gbpusd now with good RR

https://gyazo.com/4f7098158732e6b3ef550b0d16431374

GU is making an uptrend
From TeleTrade

GBP/USD will likely climb to 1.3300, which is the (MA)89 indicator on the one-hour time-frame. That said, a breakout above that resistance is unlikely before the fundamentals later this week. Consolidation continues for now.

The pound lost more than a figure against the US currency on Thursday. The last day's quote was 1.3118 or 128 pips from the opening rate of 1.3246. Extreme values ​​for the day were recorded at 1.3249 and 1.3107 respectively. If the trend remains unchanged, it will soon be the first support breach, which is only 7 pips away.

Limited upward correction movements, Gbp/Usd short term is still holding above 1.3000 psychological threshold, only break below will lead to further decline.

The GBPUSD pulls back to the 1.3200 level, but the zone is acting as a resistance, the 1.3300 level may also act as resistance. A bounce to the downside from the 1.3200 level may take the pair to the 1.3000 zone.

The pound marked a second successive session against the dollar on Tuesday. The British currency has continued the positive momentum since the beginning of the week, but no breakthrough of key levels has been achieved. Short-term expectations continue to be in favor of the pound. Trading was open at a rate of 1.3140 and the final was 62 pips higher. The trend was bullish in most of the time, with the peak reached at 1.3225.

Key levels to watch for:
Support: 1.3014; 1.2955;
Resistance: 1.3290; 1.3326;

The GBP / USD continued its bullish momentum yesterday, reaching a peak of 1.3225, with the market respecting the daily EMA 200 and the trendline support line. Short-term expectations are bullish to test the resistance 1.3330. A clear breakthrough and daily closing over it will put an end to the downward correction phase and will re-activate my bullish model for retesting 1.3615. Support for the day is 1.3150, whose breakthrough should keep the bearish phase in force for testing the daily EMA 200 and the trendline support.

GBP/USD has been consolidating sideways between 1.3170 – 1.3220 since yesterday. It depends on the news later today whether it will break out above 1.3220 to reach at least 1.3250.

Pound / dollar was tentative yesterday, but mainly continues to trade higher and hit a new weekly peak at 1.3264 earlier today. Trade signals remain bullish for testing the key resistance 1.3330. A clear break and daily closing above this level will put an end to the downward correction phase and will re-activate my upward model for retesting 1.3615. The nearest support is at 1.3150. A clear breakthrough and daily closure below this level should keep the bearish phase intact for testing the daily EMA 200 and the trendline support. Generally, I stay in the bulls camp.

GBP/USD is testing the resistance at 1.3300, which coincides with the (MA)89 indicator on the weekly time-frame. If it breaks out above that level there will likely be a further move to the upside towards 1.3500 - 1.3520.

Somehow insecure, i'm staying away for now.

Risk remains on the upside, Gbp/Usd consolidate just below 1.3300 level and found immediate resistance at 1.3330.

The British pound recorded an increase against the US dollar on Friday. The session started at 1.3260 and the currency pair jumped out of the support at 1.3260. Eventually the session ended at 1.3287 and in case the bullish moods of the last few sessions continue, we can expect a break of the first resistance at 1.3440.