gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; Originally Posted by victoriajensen GBP/USD not only reached 1.3500 but broke out above that level and reached a new high ...

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Old Sep 18, 2017, 2:59am   #751
Joined Apr 2014
Quote:
Originally Posted by victoriajensen View Post
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.
I agree, but I'm expecting consolidation in the beginning of the week before the pair uptrend extend further.
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Old Sep 18, 2017, 5:11pm   #752
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The GBP/USD bullish trend is stalling for now, the pair formed a double top at 1.3618, as well as a shooting star candlesitck at that level on the one-hour time-frame before falling moving sharply to the downside. Next target is likely at 1.3425, which is the (MA)89 indicator on the same one-hour time-frame.
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Old Sep 18, 2017, 6:14pm   #753
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Somehow neutral after the event today. Not much of an impact.
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Old Sep 19, 2017, 12:33pm   #754
Joined Apr 2014
Gbp/Usd continues its corrective movement with slight pull back, short term support can be seen around 1.3450/40 and resistance around 1.3620/10. Possible opportunity open for buy in dips.
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Old Sep 19, 2017, 6:59pm   #755
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GBP/USD is testing the support at 1.3470 - 1.3460 and depending on the fundamentals tomorrow it may break out below those levels and continue moving to the downside. Another rally, on the other hand, would likely mean a test of and a possible breakout above 1.3618.
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Old Sep 20, 2017, 5:30am   #756
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After Carney said further tightening will be gradual and limited I don't expect Pound to make substantial gains in near future. Pace of tightening may be really slow, insufficient to subdue inflation.
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Old Sep 20, 2017, 6:05pm   #757
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GBP/USD rallied again to test the resistance at 1.3618, but whether it will succeed in breaking out above that level depends on the fundamentals coming out later today.
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Old Sep 21, 2017, 6:18pm   #758
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GBP/USD dropped after the fundamentals yesterday, but it could not break out below the long-term support at 1.3460 and eventually bounced off from it again. Currently the pair is at 1.3580 and it may test the resistance at 1.3600.
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Old Sep 22, 2017, 6:20pm   #759
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Key levels to watch for:
Support: 1.3093; 1.3030;
Resistance: 1.3935.
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Old Sep 22, 2017, 7:05pm   #760
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The GBP/USD sideways consolidation continues. That said, the pair has formed a shooting star candlestick on the daily time-frame at 1.3655, so there might be a deeper move to the downside, should the pair break out below 1.3460.
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Old Sep 23, 2017, 12:44pm   #761
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I think GBPUSD changes with time hold USD on account if this currency will strongest than GBP might will giving benefit, but if occur opposite condition hold USDmight value currency also will weak than GBP.
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Old Sep 23, 2017, 5:41pm   #762
Joined Jun 2017
The British pound was down against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3510, losing 0.53%. I believe that the support is now at the level of 1.3452, the minimum of Wednesday, and the resistance is likely to be at 1.3658 - the maximum of Wednesday.
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Old Sep 25, 2017, 1:42am   #763
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Lack of progress of Brexit negotiation bring the Gbp/Usd correction lower, found support level around 1.3440/50 zone.
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Old Sep 25, 2017, 5:53pm   #764
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Apart from the shooting star candlestick on the daily time-frame at 1.3655 GBP/USD also formed a spinning top candlestick at the same level on the weekly time-frame, further confirming that there will likely be a new move to the downside even though the pair is still testing the support at 1.3450.
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Old Sep 26, 2017, 2:21pm   #765
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Big improvement in the Sterling. Last few days were off but i think the main trend keeps up.
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