GBP/USD daily outlook

I'm bearish on the pair until 1.2590. Good opportunity to go long.

Such high volatility around the GBP/Usd, Brexit uncertainty continues to be the main focus. The pair seems has lost its upward strength while still staying the positive territory. Support level can be found around 1.2870, on the upside resistance lies around 1.2980.

GBP/Usd is consolidating its recent gains, showing no directional strength for the short-term, I'm staying sideline for now.

The cable made an attempt to test 1.30 yesterday, but better than expected NFP limited its growth.

The British pound was down against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.2916, losing 0.10%. I believe that support is now at around 1.2785, the minimum of Wednesday, and the resistance is likely at 1.3028, the high of Friday's trading.

Softer Brexit is becoming more real, hopes for ''deal'' sent GBP/Usd straight above 1.30 level. Upward momentum seems limited to 1.3050 level, the pair is expected to continue its consolidation on the upside.

I think they would agree on soft Brexit, both parties need each other.

GBP/USD: I'm opening a short position with target: 1.2950, SL: 1.3020.

Justice1024 posted:
GBP/USD: I'm opening a short position with target: 1.2950, SL: 1.3020.

Unfortunately, my SL has triggered. Waiting for better levels to open a short position.

The Sterling is approaching a strong resistance level at 1.3120. I think that's a good chance to go short.

Time = 11.03am London GMT
Interesting 6.50am sharp drop then 5 minutes later form a channel that its been trending upwards in for the last 4 hours (5min charts). Not much momentum, Interest rate decision in an hour (which will keep rates on hold).

For no reason I can see an upward break to 1.3090 (R1) before it bounces back lower to Pivot of 1.3035 😄

I 've buy order at 1.312. Should I hold or close?

GBP/USD: The current level - between 1.3070 and 1.3080 is a good support/resistance level. Let's see how the week will begin.

So it bounced up from the above mentioned area. The next best is 1.3170.

it shall retrace from 1.313 i suppose...

Target 1.36 GBPUSD

GBPUSD broke out of the resistance level. If bears are able to bring it down below 1.31 we will again enter into the downward trend channel.

There are no new developments on Brexit, only US/China trade war. The bullish trend won't give up as long as the pair stay above 1.3055 level.

Sharp move to the upside but I think it's not sufficient to sustain the upside momentum.