gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; Pound / dollar was indecisive yesterday. Expectations remain bearish in the short term to test the 1.2930 - 1.2865 zone ...

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Old Aug 10, 2017, 12:44pm   #706
Joined Jun 2017
Pound / dollar was indecisive yesterday. Expectations remain bearish in the short term to test the 1.2930 - 1.2865 zone as part of the downstream phase after the breakthrough under the trendline support line. Resistance for the day is 1.3028 (yesterday's peak). A clear break above this level could take the price to a neutral zone with testing at 1.3075 - 1.3125. Generally, I am neutral on this pair, but a clear break above 1.3125 should re-activate the upward model.
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Old Aug 10, 2017, 1:08pm   #707
Joined Jul 2017
The pound registered a slight increase against the dollar on Wednesday. The British currency broke off the negative trend of the day before, but a key breakthrough was not reached. If the Bears will win again, the first support at 1.2930 will be tested. The session was opened at a rate of 1.2990 and the closing price was 1.3003. The trend was volatile, as the peak of the day was reached at 1.3027.
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Old Aug 10, 2017, 1:08pm   #708
Joined Jul 2017
Key levels to watch for:
Support: 1.2930; 1.2853;
Resistance: 1.3278;
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Old Aug 11, 2017, 10:47am   #709
Joined Oct 2014
GBP/USD did not do much, hopefully more volatility is coming.
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Old Aug 11, 2017, 4:23pm   #710
Joined Jul 2005
After the (lower than expected) US CPI news today the GBP spiked up as expected. But almost immediately afterwards if fell right back. Anyone know why? It threw me rather.
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Old Aug 11, 2017, 9:39pm   #711
Joined Jan 2017
British pound direction.
Click the image to open in full size.

Pound falls against US dollar in the last deep wave (5). In a current time
all we could talk about is "When and at what level to SELL GBP ?"
Numerous ending signs point to the end of correctional rise in wave (4)
and to the start of a new fall in wave (5). Wave (5) should fall below
established bottom of wave (3).
Click the image to open in full size.

Any high pullback is suitable to SELL GBP against USD. This SELL should
be held all wave (5) down and closed 1 point below wave (3) bottom
to avoid any risk. Moreover, we can enforce our SELL position later
using floating profit.

Note how high our stop loss is. Keep in mind, that any counter move
toward wave (4) top should not deplete more, than 30%-40% of initial
value of your trading account.
Click the image to open in full size.
Possible count of a first step down, upward pullback in a
second wave is possible, but we do not rely much upon a high cor-
rection.
Track our short term review to enforce your SELL position
and to close it with a profit.
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Old Aug 13, 2017, 3:25pm   #712
Joined Sep 2013
Are you really believe in Pound at 1.20? Looks like a fairytale for me especially on this timeframe. It should be some crash provoked by the event similar to Brexit impact.
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Old Aug 13, 2017, 5:14pm   #713
Joined Jun 2017
The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD is trading at 1.3009, gaining 0.24%. I believe that support is now at around 1.2940, the low of Friday's trading, and the resistance was likely to come in at 1.3063, Monday's high.
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Old Aug 13, 2017, 5:25pm   #714
Joined Sep 2010
So what's your trade?
__________________
Dumb luck does not balance out needless risk
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Old Aug 14, 2017, 12:03am   #715
Joined Apr 2014
Gbp/Usd is consolidating around 1.30 level, showing no clear directional strength. Focus turn to UK inflation data on Tuesday.
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Old Aug 15, 2017, 2:04pm   #716
Joined Jun 2017
The British pound recorded a decline against the US dollar on Monday. The session began at 1.2998 and ended 35 pips lower. Daily extreme values ​​were reached at 1.3021 and 1.2956 respectively. The currency pair remains at risk of further decline, with the target at 1.2700. For a change in direction, a break of 1.3090 will be needed.
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Old Aug 16, 2017, 4:29pm   #717
Joined Jun 2017
The British pound recorded a significant decline against the US dollar on Tuesday. The session began at 1.2963 and ended at 1.2868. Graphics continued to grow below moving averages, while the RSI remained in the resale area. If the bearish trend keeps, the pair will head to the first support at 1.2700.
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Old Aug 17, 2017, 4:16pm   #718
Joined Jul 2014
GBP/USD is testing the support at 1.2840 and a breakout below that support level could lead to a further drop towards the next support 1.2790 - 1.2800.
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Old Aug 17, 2017, 5:08pm   #719
Joined Sep 2013
Open two shorts on GBPUSD with Нotforex one from 1.2950 now added 2 lots from 1.2880, targeting 1.2750 in 1-2 weeks.
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Old Aug 17, 2017, 11:54pm   #720
Joined Apr 2014
Quote:
Originally Posted by victoriajensen View Post
GBP/USD is testing the support at 1.2840 and a breakout below that support level could lead to a further drop towards the next support 1.2790 - 1.2800.
I agree, bearish pressure remains.
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