gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; Limited upward correction movements, Gbp/Usd short term is still holding above 1.3000 psychological threshold, only break below will lead to ...

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Old Oct 9, 2017, 1:22am   #781
Joined Apr 2014
Limited upward correction movements, Gbp/Usd short term is still holding above 1.3000 psychological threshold, only break below will lead to further decline.
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Old Oct 11, 2017, 9:50am   #782
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The pound marked a second successive session against the dollar on Tuesday. The British currency has continued the positive momentum since the beginning of the week, but no breakthrough of key levels has been achieved. Short-term expectations continue to be in favor of the pound. Trading was open at a rate of 1.3140 and the final was 62 pips higher. The trend was bullish in most of the time, with the peak reached at 1.3225.
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Old Oct 11, 2017, 9:50am   #783
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Key levels to watch for:
Support: 1.3014; 1.2955;
Resistance: 1.3290; 1.3326;
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Old Oct 11, 2017, 10:31am   #784
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The GBP / USD continued its bullish momentum yesterday, reaching a peak of 1.3225, with the market respecting the daily EMA 200 and the trendline support line. Short-term expectations are bullish to test the resistance 1.3330. A clear breakthrough and daily closing over it will put an end to the downward correction phase and will re-activate my bullish model for retesting 1.3615. Support for the day is 1.3150, whose breakthrough should keep the bearish phase in force for testing the daily EMA 200 and the trendline support.
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Old Oct 11, 2017, 6:02pm   #785
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GBP/USD has been consolidating sideways between 1.3170 – 1.3220 since yesterday. It depends on the news later today whether it will break out above 1.3220 to reach at least 1.3250.
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Old Oct 12, 2017, 11:26am   #786
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Pound / dollar was tentative yesterday, but mainly continues to trade higher and hit a new weekly peak at 1.3264 earlier today. Trade signals remain bullish for testing the key resistance 1.3330. A clear break and daily closing above this level will put an end to the downward correction phase and will re-activate my upward model for retesting 1.3615. The nearest support is at 1.3150. A clear breakthrough and daily closure below this level should keep the bearish phase intact for testing the daily EMA 200 and the trendline support. Generally, I stay in the bulls camp.
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Old Oct 13, 2017, 6:16pm   #787
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GBP/USD is testing the resistance at 1.3300, which coincides with the (MA)89 indicator on the weekly time-frame. If it breaks out above that level there will likely be a further move to the upside towards 1.3500 - 1.3520.
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Old Oct 13, 2017, 10:15pm   #788
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Somehow insecure, i'm staying away for now.
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Old Oct 16, 2017, 12:52am   #789
Joined Apr 2014
Risk remains on the upside, Gbp/Usd consolidate just below 1.3300 level and found immediate resistance at 1.3330.
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Old Oct 16, 2017, 9:12am   #790
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Originally Posted by csc2009 View Post
Risk remains on the upside, Gbp/Usd consolidate just below 1.3300 level and found immediate resistance at 1.3330.
I don't think it will go higher than 1.3400. Traders should stay in sell before BoE November rate decision to have some space for a rally in case of hawkish move.
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Old Oct 16, 2017, 6:48pm   #791
Joined Jul 2017
The British pound recorded an increase against the US dollar on Friday. The session started at 1.3260 and the currency pair jumped out of the support at 1.3260. Eventually the session ended at 1.3287 and in case the bullish moods of the last few sessions continue, we can expect a break of the first resistance at 1.3440.
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Old Oct 16, 2017, 6:49pm   #792
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Key levels to watch for:
Support: 1.3260; 1.3100;
Resistance: 1.3440; 1.3600;
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Old Oct 16, 2017, 7:40pm   #793
Joined Jun 2017
Pound / dollar gained momentum over the past week, forming a peak of 1.3337 after three consecutive descending candles per weekly chart. Expectations are neutral, probably with light bears signals, as we have a downward pin bar after the rejection of the resistance above 1.3330 for the 1.3225 test. Basically I stay in the bear camp, but I need a clear break above 1.3330 to re-activate my bullish model for retesting 1.3615.
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Old Oct 17, 2017, 2:55pm   #794
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Originally Posted by LionelID View Post
Pound / dollar gained momentum over the past week, forming a peak of 1.3337 after three consecutive descending candles per weekly chart. Expectations are neutral, probably with light bears signals, as we have a downward pin bar after the rejection of the resistance above 1.3330 for the 1.3225 test. Basically I stay in the bear camp, but I need a clear break above 1.3330 to re-activate my bullish model for retesting 1.3615.
What is your forecast for next week dollar direction? Should it rise due to Trump's progress in tax reform?
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Old Oct 17, 2017, 7:12pm   #795
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GBP/USD bounced off from 1.3340 and is currently testing the support at 1.3155. A breakout below that level will likely lead to a drop towards 1.3090, which is the (MA)89 indicator on the daily time-frame. On the other hand, if it bounces off from 1.3155 it could rally back to 1.3250.
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