gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; What caused the drop in Sterling today?...

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Old Nov 8, 2017, 2:20pm   #817
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What caused the drop in Sterling today?
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Old Nov 10, 2017, 2:20pm   #818
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The pair seems to be trading sideways.
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Old Nov 10, 2017, 8:00pm   #819
 
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GBP/USD is bullish and it will likely continue climbing next week. That said, for a further rally above the sideways consolidation to be confirmed it will have to break out above the last high at 1.3337.
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Old Nov 13, 2017, 4:18am   #820
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Gbp/Usd opens the week with bearish gap, support can be found at 1.3037, I'm expecting further decline if breaks below it.
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Old Nov 14, 2017, 6:41pm   #821
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The pound lost positions against the dollar on Monday. The British currency interrupted the positive impulse from Friday and collapsed. As a result, support at 1.3071 was broken. Short-term expectations remain in favor of the dollar. The session was opened at lower levels compared to the end of last week, with the trend predominantly bearish. After the bottom of the day was hit at 1.3061 the direction was changed and the final was set at a rate of 1.3114.
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Old Nov 14, 2017, 6:42pm   #822
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Key levels to watch for:
Support: 1.3071; 1.3024;
Resistance: 1.3279; 1.3334;
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Old Nov 17, 2017, 11:07am   #823
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The pound recorded a positive session against the dollar on Thursday. The British currency continued the bullish trend since Tuesday, but a key breakthrough was not reached. Trading was open at 1.3170 and the final was 23 pips higher. The session was extremely volatile, with the difference between the highest and the lowest for the day being 71 pips.
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Old Nov 17, 2017, 7:31pm   #824
 
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GBP/USD is still consolidating sideways, but the pair may test the resistance at 1.3300 again next week. The question is whether there will finally be a breakout above that level.
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