gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; Good pullback on the GBPUSD, but it may go back up above the 1.2300 level....

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Old Jan 19, 2017, 4:01am   #417
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Gbpusd

Good pullback on the GBPUSD, but it may go back up above the 1.2300 level.
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Old Jan 19, 2017, 9:56am   #418
 
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It seems 1.20 held and 1.24 got rejected.

Don't have strong feelings either way at the moment but will continue with PP being 1.22 and moves on either side.

On balance feeling bearish wrt longer time frames.
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Old Jan 19, 2017, 12:11pm   #419
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Pound/dollar has strong momentum down yesterday, formed a bottom at 1.2253. Currently the price tests 1.2270 resistance. A clear break above this level will take price to neutral trading zone testing 1.2400. The bias is neutral, possibly with slight bearish signals in the short term to test 1.2100 - 1.2080. Immediate support is seen at 1.2200.
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Old Jan 19, 2017, 3:55pm   #420
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The pair bounced off 1.2250 after forming a spinning top candlestick on the four-hour time-frame. Next target is likely 1.2345.
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Old Jan 19, 2017, 9:25pm   #421
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Gbpusd

The GBPUSD tries to go back up as expected, but we still need to see a breakout above its 55 day EMA around the 1.2372 level in order for the bullish trend to continue.
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Old Jan 20, 2017, 12:42am   #422
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The pair is in a short term consolidation mood just above 1.23 level, with upside limited around 1.2350/40 zone. Focus turn to Trump tomorrow.
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Old Jan 20, 2017, 2:03pm   #423
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GBP/USD is testing the support at 1.2250 yet again. A breakout below that support will likely lead to a further drop towards 1.2100.
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Old Jan 20, 2017, 2:08pm   #424
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