GBP/USD daily outlook

The GBPUSD may find some resistance on the 1.4400 level if it goes back up, but it seems like it wants to continue dropping, maybe go and visit the 1.4000 level.

Still waiting to see if the GBPUSD keeps dropping towards the 1.4000 level. For now the 1.4100 is acting as good support. The 1.43 or 1.44 may still act as resistance.

The pair continues to consolidate above 1.40 handle on a wider perspective, Brexit uncertainty is still the focus.

I think that its first target would be around 1.4120 - 1.4100, and if it breaks below the latter it will continue falling.

Keeping an eye on this pair.

I am waiting to see whether the pair will break above the resistance at 1.4400, because if it does I think it will continue rising towards 1.4600 and it will be time for longs.

Expecting a correction.

GU on Triangle Trendline.. breakout upper trendline will become Uptrend a.k.a Long Position a.k.a Buy.. 1st Resistance on 1.4350 just breakout.. yesterday.. GU wanna reach 2nd Resistance on 1.4400.. if breakout again.. GU will changed trend to Uptrend, Strong Buy and Long Position (Standby on Buy Stop at entry price 1.4425).. for now.. I'm still on Short Position a.k.a Sell at entry price 1.4393 (Better short position on entry price 1.4400).. if someone already make Sell Order on that's price.. congrate to Bearish Trader.. because you already got 75+ - 80+ pips...

I, personally, doubt that the pair will be able to break above 1.4440 before the market closes later today. I do think, however, that next week we will see a breakout above that level. On the other hand if it bounces off that resistance we can expect a further move to the downside towards 1.4000 again, in my opinion.

GBP/USD broke above 1.4400 and the rally continues. I think the next long-term target is around 1.4900, and there's a significant possibility it might climb higher than that.

In latest ICM poll remain got +1 percent, leave got +2, brexit risk lower? Meh, a few more polls and the risk is back on again.

The pair found some resistance at 1.4640 and is currently testing the support at 1.4550. A breakout below that level could lead to a further drop to 1.4500.

I'm expecting further downside movement to next key target at 1.4500.

The GBPUSD may try to correct to the downside, since it has been losing some of its bullish momentum and it may be overbought.

I think the move to the upside will continue for the moment and the first target is likely 1.4670, which is the previous high.

More polls for the Brexit risk:

A poll by Saga with 8000 people over 50:
45% for brexit, 41% for remain.

In the YouGov poll, conducted on Monday and Tuesday, 42 per cent said they would vote for Brexit, up by three points in two weeks. 41 per cent said they wanted Britain to remain in the EU, up by one point.

With the ‘don’t know’ answers removed, 51 per cent backed Brexit compared to 49 per cent for ‘Remain’ - marking a switch from the previous poll two weeks ago.

Reports of less immigration by OECD, and no trade agreement from Obama, which is well received by people who are against the TTIP trade agreement

And with the growing risk for Brexit. The GBP is very likely to fall over the coming two months.

Waiting to enter short.

Good rally on the GBPUSD, daily chart. But the pair may try to correct to the 1.4500 level from the 1.4657 zone.

GBP/USD is testing 1.4600, if it breaks out below that level its next target would be around 1.4560 - 1.4550.