gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; Gbp/Usd the pair bounce around 1.25 level and shows sign of upward potential, next resistance level can be found at ...

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Old Nov 28, 2016, 4:06am   #345
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Gbp/Usd the pair bounce around 1.25 level and shows sign of upward potential, next resistance level can be found at 1.2560.
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Old Nov 28, 2016, 2:05pm   #346
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GBP/USD bounced off 1.2530 after forming a shooting star candlestick on the four-hour time-frame and continued falling. A breakout below the support at 1.2380 will likely lead to a further move to the downside towards 1.2300.
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Old Nov 29, 2016, 4:18am   #347
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Gbpusd

The GBPUSD is still consolidating on the daily chart between the 1.2300 level and the 1.2600 level.
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Old Nov 30, 2016, 2:01pm   #348
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Pound / Dollar had a bullish momentum yesterday, topped at 1.2525. The outlook is bullish in nearest term for testing 1.2600. Initial support is at 1.2455, whose breach could lead price to neutral trading zone testing 1.2400 but as long as the pair holds above 1.2330, I prefer bullish scenario at this stage.
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Old Dec 1, 2016, 5:51pm   #349
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The British pound recorded a modest rise against the US dollar on Wednesday. After a volatile session, the pound added only 15 pips at a closing price of 1.2505. The pair bounced from support at 1.2460 and if prices continue to rise pound will move to the first resistance at 1.2790.
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Old Dec 1, 2016, 6:54pm   #350
 
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Having blown our tgt of 1.26 now scratching head thinking what next???

I'm going to go with 1.26 being new PP with S & R at 1.25 and 1.27 respectively.

We need to hold these levels for a while to build a base for the next lurch forward I reckon. 1.28 doesn't seem unreasonable either.

Maintaining bullish bias...
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Old Dec 1, 2016, 11:55pm   #351
 
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When are we going to here news from the US about interest rates?
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Old Dec 5, 2016, 2:36am   #352
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Bearish gap has recovered.
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