gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; GBP/USD broke out above 1.3200 and continues moving to the upside. Next target is likely the previous high at 1.3328. ...

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Old Oct 25, 2017, 5:55pm   #801
 
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GBP/USD broke out above 1.3200 and continues moving to the upside. Next target is likely the previous high at 1.3328. A breakout above that level could lead to a further move to the upside towards 1.3400.
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Old Oct 26, 2017, 10:16am   #802
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The British pound fell against the dollar: the pair GBP/USD dropped by 0.14% to 1.3245. Investors are fixing profits after the increase on Wednesday. On Wednesday, the British pound rose in price by 1% after the release of the report on the acceleration of GDP growth in the UK in the third quarter, which increased the chances of raising the interest rate by the Bank of England next month.
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Old Oct 30, 2017, 3:46am   #803
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Gbp/Usd is consolidating in the negative territory just above 1.31 level, showing no clear directional strength.
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Old Oct 31, 2017, 6:55pm   #804
 
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GBP/USD is testing the resistance at 1.3270 of the sideways consolidation yet again. A breakout above that level could lead to a further move to the upside towards 1.3340.
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Old Nov 2, 2017, 5:13pm   #805
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Originally Posted by victoriajensen View Post
GBP/USD is testing the resistance at 1.3270 of the sideways consolidation yet again. A breakout above that level could lead to a further move to the upside towards 1.3340.
Hope you didn't trade on that.

Anyway since last Friday everyone was really excited about the expected MPC rate decision, pushing cable up two cents. Then, when it happened very much as expected, they remembered what was actually going on in the economy and pushed it straight back down again. Case of hysteria? Like getting excited for Christmas but not having any plans for what you are going to do when it arrives?
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Old Nov 2, 2017, 8:00pm   #806
 
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No, I didn't trade that, I try not to trade before major fundamentals.
As it is, despite the sharp move to the downside it still hasn't broken out below the support at 1.3030. The fundamentals tomorrow may give it the necessary push to do that.

Last edited by victoriajensen; Nov 2, 2017 at 8:15pm.
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Old Nov 3, 2017, 5:57pm   #807
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GBP/USD fell off a cliff yesterday, but today it managed to hold on around 1.3070-1.3080. The pair seems to have found some support.
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Old Nov 3, 2017, 7:43pm   #808
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Originally Posted by victoriajensen View Post
The fundamentals tomorrow may give it the necessary push to do that.
Wrong again. At least you wouldn't have traded it.
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