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GBP/USD daily outlook

idimitrov
Jul 03 2017 at 05:38
421帖子
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.3028, adding 0.16%. I believe that support is now at around 1.2703, Monday's low, and resistance is likely at 1.3030, the high of Friday's trading.

victoriajensen
Jul 04 2017 at 14:13
1117帖子
GBP/USD is testing the support at 1.2915. A breakout below that level will probably lead to a further move to the downside towards 1.2850, which is the (MA)89 indicator on the four-hour time-frame.

idimitrov
Jul 04 2017 at 16:18
421帖子
The British pound recorded a volatile session against the US dollar on Monday. The currency pair opened at 1.3002 and finished 65 pips lower. If the direction goes down, the pair will probably break the first support at 1.2700. On the upside, the pound will move to resistance at 1.3090.

victoriajensen
Jul 05 2017 at 14:19
1117帖子
The pair is testing the support at 1.2890 but even though it has not broken out below that level it is still very bearish, especially considering the hanging man candlestick that has formed on the daily time-frame at the resistance at 1.3030.

Ari Goldman (arigoldman)
Jul 08 2017 at 15:59
907帖子
Interesting development this week. Big drop, lots of longs taken out.

idimitrov
Jul 08 2017 at 20:00
421帖子
The British pound was down against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2891, losing 0.61%. I believe that support is now at the level of 1.2868, the low of Friday's trading, and the resistance is likely at the level of 1.3024 - the maximum of Monday.

Devhuti
Jul 09 2017 at 07:23
94帖子
The GBPUSD had a bullish momentum yesterday topped at 1.2982. The bias is bullish in nearest term retesting 1.3050 key resistance which remains a good place to sell with a tight stop loss as a clear break and daily/weekly close above that area would activate my bullish mode targeting 1.3350 area next week. Immediate support is seen around 1.2925 area. A clear break below that area could lead price to neutral zone in nearest term testing 1.2875 region. Fundamental focus today will be on the US NFP number.

stian
Jul 09 2017 at 07:24
325帖子
Devhuti posted:
The GBPUSD had a bullish momentum yesterday topped at 1.2982. The bias is bullish in nearest term retesting 1.3050 key resistance which remains a good place to sell with a tight stop loss as a clear break and daily/weekly close above that area would activate my bullish mode targeting 1.3350 area next week. Immediate support is seen around 1.2925 area. A clear break below that area could lead price to neutral zone in nearest term testing 1.2875 region. Fundamental focus today will be on the US NFP number.


Think this 'Forex Robot' is out of the loop, NFP was last week.

csc2009
Jul 10 2017 at 06:34
834帖子
Immediate support level can be found around 1.2860/63, break below we are looking for further decline.

victoriajensen
Jul 10 2017 at 15:11
1117帖子
I agree, the pair is still consolidating above 1.2860, but a breakout below that support could lead to a further drop towards 1.2800 at least.

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