gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; Originally Posted by csc2009 Gbp/Usd might take u-turn next week. Only after Draghi meeting, it will stay at current levels ...

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Old Aug 29, 2017, 6:54pm   #736
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Originally Posted by csc2009 View Post
Gbp/Usd might take u-turn next week.
Only after Draghi meeting, it will stay at current levels maybe till NFP, as UK economy is the known case, no mysteries with BoE as well.
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Old Aug 30, 2017, 1:53am   #737
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Gbpusd

A long upper shadow has been left on Tuesday's daily candle above the 55 day EMA on the GBPUSD. That could be a sign of a shooting star pattern, which is a bearish reversal formation, indicating a possible bearish bounce on the GBPUSD in the short term.
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Old Sep 1, 2017, 9:37pm   #738
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The pair is difficult to trade lately. I'm waiting for better days.
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Old Sep 4, 2017, 1:02am   #739
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Originally Posted by arigoldman View Post
The pair is difficult to trade lately. I'm waiting for better days.
Pounds appear to have limited movement around 1.2950/60 giving that Brexit negotiations are going nowhere.
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Old Sep 5, 2017, 6:22pm   #740
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GBP/USD moved to the upside today and finally reached the resistance at 1.3030. A breakout above that level could lead to another rally to 1.3100.
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Old Sep 6, 2017, 6:33pm   #741
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GBP/USD reached a high at 1.3080 before it bounced off from that level and formed a shooting star candlestick on the four-hour time-frame. If the signal for a move to the downside is valid there will likely be a drop to 1.2900.
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Old Sep 7, 2017, 6:09am   #742
 
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GBPUSD today 7 September 2017 is still moving in a bullish bias. As a trading strategy based on forex technical analysis today you can look for buy signal if correction occurs in the reference area that is in the range 1.30189 with potential rebound up to the range 1.30759. However be careful if support at 1.29768 breaks because it will turn the intraday bias to bearish and potentially will hit the sterling up to the range 1.29077.
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Old Sep 7, 2017, 1:12pm   #743
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Pair is being dormant lately, Maybe September will act as a catalyst.
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Old Sep 7, 2017, 5:59pm   #744
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Originally Posted by arigoldman View Post
Pair is being dormant lately, Maybe September will act as a catalyst.
I agree. The market is often slower during the summer season, once that ends there is usually quite a bit more volatility.
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Old Sep 11, 2017, 4:14am   #745
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While the pair maintains strong upward momentum, rising to resistance level at 1.3225, the lack of progress on Brexit talking could hold back the gains this week.
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Old Sep 11, 2017, 2:46pm   #746
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Good day for the British Pound, up substantially against all peers.
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Old Sep 11, 2017, 6:23pm   #747
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GBP/USD formed a double top at 1.3223 and it also formed a shooting star candlestick on the four-hour time-frame. Both are signals for a move to the downside and if they are valid next target will likely be around 1.3120, which is the (MA)89 indicator on the one-hour time-frame.

Last edited by victoriajensen; Sep 11, 2017 at 6:33pm.
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Old Sep 14, 2017, 6:18pm   #748
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GBP/USD sharply moved to the upside today after the Bank of England announced it is keeping the interest rate unchanged at 0.25%. Next target is likely at 1.3500.
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Old Sep 15, 2017, 6:13pm   #749
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GBP/USD not only reached 1.3500 but broke out above that level and reached a new high at 1.3615. The pair will probably continue rallying towards 1.3700.
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Old Sep 17, 2017, 4:08pm   #750
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The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3590, gaining 1.44%. I believe that support is now at 1.3159, Monday's low, and resistance is likely at 1.3616, the high of Friday's trading.
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