gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; The pound recorded a slight decrease against the dollar during the first day of the week. British currency justified the ...

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Old Jan 31, 2017, 1:08pm   #457
Joined Nov 2015
The pound recorded a slight decrease against the dollar during the first day of the week. British currency justified the negative expectations and the couple came to the support at 1.2408. If the downward momentum continues in the future, the key level will be breached. Session on Monday launched at a price of 1.2587 as bearish sentiment prevailed from the start. Once the bottom was reached during the day at 1.2465, the pound regained some of the lost positions. The finale was put on a course of 1.2485.
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Old Jan 31, 2017, 1:11pm   #458
Joined Nov 2015
Key levels to watch for:
Support: 1.2408; 1.2252;
Resistance: 1.2672; 1.2775.
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Old Jan 31, 2017, 2:13pm   #459
Joined Apr 2016
Pound/dollar had a bearish momentum yesterday, bottomed at 1.2465. The bias is bearish for now to test 1.2500 - 1.2465. Overall, however, the price is still in bullish phase after the bounce from 1.2000 psychological level and any downside pullback should be seen as a good opportunity for long positions with targets near 1.2790.
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Old Jan 31, 2017, 9:02pm   #460
Joined Sep 2013
Sell sell sell Pound Brexit concerns will gain traction before BoE it will keep the easing so pound will plunge
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Old Feb 3, 2017, 3:12pm   #461
Joined Jul 2014
GBP/USD could not break below 1.2475 despite the US NFP today. It has formed a spinning top candlestick on the four-hour time-frame above that support and it will likely bounce off of it.
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Old Feb 5, 2017, 10:14am   #462
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I expect the sideways trading to continue.
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Old Feb 6, 2017, 11:08pm   #463
Joined Sep 2013
Quote:
Originally Posted by victoriajensen View Post
GBP/USD could not break below 1.2475 despite the US NFP today. It has formed a spinning top candlestick on the four-hour time-frame above that support and it will likely bounce off of it.
Still no bounce but definitely there is some substantial support at 1.24-1.2450
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Old Feb 8, 2017, 11:43am   #464
Joined Apr 2016
Pound/Dollar attempted to push lower yesterday, formed a bottom at 1.2346, but turned up and closed higher at 1.2507. The bias is neutral, possibly with slight bullish signals for testing 1.2600. Intraday support is at 1.2450, whose breakthrough could lead to downward pressure on testing 1.2400 - 1.2350. Overall I remain neutral.
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