gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; Key levels to watch for: Support: 1.2560; 1.2490; Resistance: 1.2690; 1.2860; 1.3030....

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Old Jun 21, 2017, 11:38am   #646
Joined Nov 2015
Key levels to watch for:
Support: 1.2560; 1.2490;
Resistance: 1.2690; 1.2860; 1.3030.
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Old Jun 22, 2017, 9:58am   #647
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The British Pound attempted to offset the loss from the previous day by adding 43 pips to its asset against the dollar. The opening quote for the day was 1.2628, and before noon the bears recorded their bottom at 1.2589. There was a rapid response from the bulls and the course broke the resistance at 1.2690 to reach a peak of 1.2671. Bulls did not have the strength to keep the course over the resistance, and at the end of the day a pound was exchanged for 1.2671 US dollars.
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Old Jun 22, 2017, 3:15pm   #648
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GBP/USD bounced off from 1.2590, but considering the doji candlestick and the shooting star candlestck that it has formed on the four-hour time-frame at 1.2680 it may test the aforementioned support at 1.2590 once again.
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Old Jun 25, 2017, 11:11am   #649
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GBP/USD is still hesitating, interesting to see what the week brings. Important events coming up.
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Old Jun 25, 2017, 10:44pm   #650
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Quote:
Originally Posted by arigoldman View Post
GBP/USD is still hesitating, interesting to see what the week brings. Important events coming up.
Well, the pair start with a small gap up. Political uncertainty remains as Theresa May has been unable to form a government until now.
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Old Jun 26, 2017, 3:40pm   #651
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GBP/USD bounced off from 1.2750 after forming a shooting star candlestick and a pair of spinning top candlesticks on the four-hour time-frame below that resistance. Next target is likely 1.2700 again.
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Old Jun 27, 2017, 7:04pm   #652
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The British pound reported a volatile session against the US dollar on Monday. The currency pair lost only 11 pips at a closing price of 1.2722. Daytime extreme values ​​were reached at 1.2759 and 1.2706 respectively. A more significant challenge for the couple in the downward direction is the 1.2700 level. A potential breakthrough will create the possibility of a prolonged decline.
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Old Jun 27, 2017, 7:05pm   #653
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Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090; 1.3270.
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Old Jun 28, 2017, 2:26pm   #654
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GBP/USD continues moving to the upside despite the signals for the opposite, likely due to fundamentals. The pair will probably soon test the last high at 1.2860 again.
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Old Jun 28, 2017, 5:13pm   #655
Joined Oct 2014
Good days for the Sterling lately. Pair is up significantly after the press conference of the central bankers.
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Old Jun 28, 2017, 5:17pm   #656
 
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I don't believe BoE has any appetite to raise rates.

For now they'll talk it up. So likely to test 1.30s soon.

Rise in pound should offset some of the inflation import pressures coupled with slow down in economy.

Jolly good show from Carney.

Onwards and forwards. 1.28 - 1.30 imo with 1.29 perhaps PP for now.
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Old Jun 29, 2017, 11:30am   #657
Joined Oct 2016
Entry Point: Sell at 1.2666
Take Profit: 1.2635
Stop Loss: 1.2707

GBPUSD position.


See: Why Most Forex Traders Fail
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Old Jul 3, 2017, 5:09am   #658
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Gbp/Usd failed stay above 1.3030 level, correction movement continues before UK PMI data. We have a busy week ahead of us for both dollar and Pound which would change the trend.
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Old Jul 4, 2017, 3:12pm   #659
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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.
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Old Jul 5, 2017, 3:15pm   #660
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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.
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