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GBP/USD daily outlook

mlawson71
Mar 06 2016 at 10:01
1487帖子
It's currently testing the resistance at 1.4220, a breakout above that level will mean it will likely continue rising much higher.

alexforex007
Mar 08 2016 at 06:10
775帖子
Even though the GBPUSD is trying to stall its rally, if the pair continues higher, then the 55 day EMA may act as resistance, around the 1.4353.

alexforex007
Mar 08 2016 at 23:51
775帖子
It seems like the GBPUSD wants to come back down, now the bullish correction is losing its momentum.

Ari Goldman (arigoldman)
Mar 09 2016 at 09:19
909帖子
Expecting a move upward now.

dianajs
Mar 14 2016 at 15:03
823帖子
The pair found resistance at 1.4390 and formed a doji candlestick on the daily time frame, I think it will retrace back to 1.4300 or lower.

alexforex007
Mar 15 2016 at 05:32
775帖子
The Bank of England may decide the direction on the GBPUSD during this week, but to far the pair may try to go lower.

dianajs
Mar 15 2016 at 13:38
823帖子
I agree. In my opinion the next level of support is at 1.4120 but it may fall lower than that level.

alexforex007
Mar 15 2016 at 23:34
775帖子
Even though the GBPUSD dropped for today, the pair may end up consolidating around the 1.4200 and 1.4100 zone until the FED announcement.

dianajs
Mar 16 2016 at 12:05
823帖子
It's testing 1.4100 at the moment. If it breaks below that level the next immediate target is 1.4060 - 1.4050.

DrVodka
Mar 17 2016 at 07:15
297帖子
dianajs posted:
It's testing 1.4100 at the moment. If it breaks below that level the next immediate target is 1.4060 - 1.4050.



good call .. 30 pips in the bag if you managed to get in .

DrVodka
Mar 17 2016 at 10:49
297帖子
more like 300 pips by now ..

dianajs
Mar 17 2016 at 11:53
823帖子
DrVodka posted:
more like 300 pips by now ..


Fed quite an effect on it. And it will continue rising, the way it's going. It will probably reach 1.4400.

Ari Goldman (arigoldman)
Mar 18 2016 at 08:51
909帖子
I exited my position, too uncertain.

dianajs
Mar 18 2016 at 14:06
823帖子
arigoldman posted:
I exited my position, too uncertain.


I agree. It's testing the resistance at 1.4490 - 1.4500, but today's Friday and the market will close later today. It could break above the resistance, but I'm not sure how good of an idea it is to open such a new position at this time.

32IN12Yes
Mar 24 2016 at 07:00
5帖子
Looking for the 1.4110 if it breaks it......down to the 1.4053

dianajs
Mar 24 2016 at 13:49
823帖子
32IN12Yes posted:
Looking for the 1.4110 if it breaks it......down to the 1.4053


It's still testing that support but will break below it, I think. I'm not sure whether it will reach 1.4050, but I think it will reach at least 1.4070.

stian
Mar 26 2016 at 03:30
325帖子
It will likely return to 1.4070 - 1.4100 levels on Monday. No coming support for a rate hike from BOE, a hike from the Feds is still likely. All while you have brexit risk, with growing support. Telegraph poll about a week ago at 49% to leave - 47% to stay, all while leave was below 40 first half of 2015, and below 45 all of the remaing of the year, EU terrorism doesn't help the numbers.

mlawson71
Mar 26 2016 at 09:47
1487帖子
I too think it will fall towards 1.4070. Once it reaches that support it will become clearer whether it will continue falling or not.

paidsignals
Mar 29 2016 at 06:10
93帖子
The GBPUSD had a bearish momentum last week bottomed at 1.4057. The bias is bearish in nearest term testing 1.4050. A clear break and daily close below that area could trigger further bearish pressure testing 1.3900 area. Immediate resistance is seen around 1.4200. A clear break and daily close above that area could trigger further bullish pressure testing 1.4300 – 1.4400 area. My major technical outlook remains neutral but as long as stays below 1.4200 I prefer a bearish scenario at this phase.

dianajs
Mar 29 2016 at 12:56
823帖子
I agree, I think the pair is headed towards 1.4400, maybe even 1.4440.

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