GBP/USD daily outlook

GBP/Usd is consolidating just under 1.30 level, lack of directional strength. The pair's direction depending a lot on Brexit developments and very little on technicals.

Justice1024 posted:
This week GBP/USD may test 1.2950

1.2950 achieved. It became a good support level. Let's now see id the pair manages to pierce the strong resistance 1.3000.

It's been trading sideways for the past two months. Hopefully this month will bring volatility back in the pair.

GBP has dropped and will continue to drop. I just go short at 1.3000, stop at 1.3120 , I am not setting take profit as this could fall and fall

GBP/Usd certainly took advantage of the news that EU will offer the UK a 'super-charged' trade deal, the pair rallied to above 1.31 level but lost its momentum after. Pound continues to be driven by Brexit hopes, on the upside important resistance level lies at 1.3300.

GBP/USD: The pair is forming an interesting figure, for the start of the week.

GBP/USD: The Brexit talks and the renewed interest to the greenback pushed the pair below 1.3100.

Looking to go short at 1.3250. It seems it may try to go higher from here.

Once again, Brexit headline that suggested the EU and the UK have moved further to reach a deal drive the pair to 1.3150 level. The pair currently consolidating its gains, as long as it holds above 1.3100 level, Pounds could still be targeting 1.3200.

Good recovery of the GBP/USD yesterday by nearly 100 pips. The pair likely to test 1.3200.

Justice1024 posted:
Good recovery of the GBP/USD yesterday by nearly 100 pips. The pair likely to test 1.3200.

Let's see if the pair manages to break it.

Good struggle in 1.3200. I love to whatch it everytime...

It's closing in on my short entry at 1.3265. Let's see if it holds!

GBP/Usd is consolidating lower to 1.3150 level, I'm expecting the pair would fall further on Brexit disappointment, the negotiations between the UK and EU are slower than expected.

The British pound fell against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3155, losing 0.59%. I believe that support is now at around 1.3028, Monday's low, and resistance is likely at the level of 1.3358 - Friday's highs.

GBP/Usd starts the week with a big bearish gap, Brexit disappointment continues to weigh in on the pair.

GBP/Usd has recovered the bearish gap but the upside is limited to 1.3182 the immediate resistance level. Although GBP/Usd is still consolidating in the negative territory, the direction of this pair will be dominated by Brexit news.

I'm considering going short at 1.3270. I think it's a good entry for a short play on the short term.

GBP/USD: The pair is steady, with the bullish mood prevailed. It is headed to 1.3260.