gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; Today's daily candle on the GBPUSD closed as positive, but dont be fooled by the close. The candle has left ...

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Old Feb 9, 2018, 1:08am   #856
Joined Apr 2014
Gbpusd

Today's daily candle on the GBPUSD closed as positive, but dont be fooled by the close. The candle has left a long upper shadow, indicating that the sellers may pressure the price lower.
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Old Feb 9, 2018, 12:14pm   #857
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Watch my video when I post it... You'll see exactly what they did. Imo
Okay Thanks for the reply, I will follow the thread to be notified.
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Old Feb 14, 2018, 2:41am   #858
Joined Apr 2014
Gbp/usd

Good pullback on the GBP/USD to the 1.3900 level, but the zone may act as a resistance with a chance of seeing a bearish bounce to the 55 day EMA around the 1.3764.
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Old Apr 17, 2018, 9:08am   #859
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Traders closely monitor the progress of negotiations on Brexit and set to raise the rate of the Bank of England

GBPUSD in the Asian session, has renewed a multi-year high, having tested the mark of 1.4354. This is the highest rate since the brexit referendum in June 2016 and the first daily close above 1.43. It should be noted that this year – January 25 – the currency has already tried to overcome the level of 1.43, but then it ended with a rapid reversal and a rapid fall. This time the momentum seems to be more convincing.

Over the past 12 months, the pound has risen by more than 14% against the dollar. Since the beginning of the year, the GBP has grown against the us dollar by 6% and topped the list of the most productive currencies B-10, and this despite the difficult relationship between Europe and Britain.
The main catalyst for growth was the agreement between Brussels and London on the terms of the transition period. Additional-the market hopes to raise the Bank of England rate.

Brexit talks
This week will be another round of talks on Brexit, which can amend this steadily bullish trend. Today, the parties will discuss the nuances at technical meetings, and tomorrow will be the main battle for the Irish border. Recall that this issue is one of the most controversial and problematic for both sides. London wants to resolve it by October 2018, and it is likely that the pound will trade throughout the spring and summer with a focus on progress in the trade negotiations.

"These negotiations can potentially be difficult, periodically stalling, which can put pressure on the pound. However, both sides are extremely interested in working out a realistic and constructive trade agreement", — says Brian Martin, chief economist of ANZ.

Bank Of England Policy
The Bank of England is going to raise the rate next month. The market places in the price the probability of such an outcome at the level of 93%, which can also support the pound at this stage – at least until the meeting of the monetary policy Committee. Meanwhile, the regulator in recent statements promises us a "limited and gradual" tightening, so, according to Bloomberg surveys, most experts expect only one increase this year and the next – not earlier than February 2019 at best.
The regulator has taken a cautious position and tries not to inspire investors with excess hopes, despite the signs of acceleration of wage inflation and the absence of pronounced adverse effects of Brexit. This means that any hint of deterioration in economic dynamics can influence the decision of the Bank of England.

In this context, the reports on the labour market, inflation and retail sales released this week deserve special attention. If the data does not meet expectations, the pound will fly off its pedestal, despite the progress in negotiations on Brexit – the market will begin to lay in the price of the so – called pigeon tightening – that is, an increase in the rate combined with cautious comments and weak forecasts-or even radically revise their forecasts for monetary policy of the Bank of England.
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Old Apr 17, 2018, 8:21pm   #860
Joined Mar 2018
GBP began to fall, but did not fall below 1.4244. This is the local support level that was formerly resistance.
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Old Apr 22, 2018, 10:04am   #861
Joined Oct 2015
Tough comments from Bank of England (BoE) representative Sanders suggest that he is likely to vote for an immediate rate hike next month, but after Carney's warnings on this week, the market is no longer as strongly convinced of this as before, says Jane Foley, senior analyst at Rabobank.

"The purpose of the monetary policy Committee (MPC) is to assess the current state and operational impact on economic activity. From this point of view, it is difficult not to agree with the comments made by Karni on Thursday. However, it can be argued that the MPC statement in February was too strong and too dogmatic," she says.

Next week, the UK GDP report for the 1st quarter will be released. Bloomberg consensus is 0.3% QoQ. There are some economists who are downgrading their forecasts after a recent series of weak data. Rabobank still predicts that the Bank of England will raise rates in may. However, weak data recently cast doubt on the further tightening of policy later this year, says Foley. For the pound, a rate hike in may means customer support. Nevertheless, the influence of the regulator's decision on the currency will not be so noticeable if the Committee makes it clear that it does not intend to hurry further.

May will be an interesting month for the pound and for other reasons. Earlier this month, there was a lot of talk about the traditional seasonal factor supporting the pound in April. Most likely, this provoked the opening of a number of speculative positions on the purchase, which may have yesterday capitulated on the background of comments Karni, the expert suggests. May, of course, does not promise a pound of seasonal surge in demand, she says.

Another serious risk for the pound lies in politics. Media reports indicated that the EU rejected the British proposal on the border with Ireland. This reinforces expectations that the UK may have to stay within the customs Union. This is contrary to the Prime Minister's promises and will seriously undermine the authority of the government. For GBP, preservation in the customs Union will mean a reduction in uncertainty, which can be well received by investors, Foley believes. However, this may exacerbate the rift in the already fragmented ruling Tory party. Rabobank has forecast for the pair EUR/GBP at the level of 0.89 in three months.
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Old Apr 29, 2018, 5:12am   #862
Joined Apr 2014
Gbpusd

Amazing drop on the Pound, but the GBPUSD may try to pul back up after the fall, som profit taking may push it up.
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Old May 2, 2018, 12:25am   #863
Joined Apr 2014
GBPUSD in free fall

The GBPUSD accelerates its bearish momentum and breaks below the 1.3700 level and below the 200 day EMA. The pair falls to the 1.3600 level, which could act as support.
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Old May 4, 2018, 10:11am   #864
 
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Over the past 12 months, the pound has risen by more than 14% against the dollar. Since the beginning of the year, the GBP has grown against the us dollar by 6% and topped the list of the most productive currencies B-10, and this despite the difficult relationship between Europe and Britain.
The main catalyst for growth was the agreement between Brussels and London on the terms of the transition period. Additional-the market hopes to raise the Bank of England rate.
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Old May 15, 2018, 1:46pm   #865
Joined May 2010
What's going on with gbpusd?
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Old May 15, 2018, 2:13pm   #866
gka
Joined Dec 2017
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Originally Posted by Tempted View Post
What's going on with gbpusd?
GBPUSD bearish at short and long terms and was resisted by weekly S1 sentiment level 1.3569 at 2-3 am (London time). And there is a big gap.

See 1 hour chart attached and last post of thread

"Predicting future FX support and resistance levels using mathematics"
Attached Thumbnails
2018-05-15-gbpusd-1hour-1005.png  
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Old May 21, 2018, 2:15am   #867
Joined Apr 2014
Possible bearish continuation on the GBPUSD

The GBPUSD keeps its bearish momentum and breaks below the 1.3500 level. The pair may continue falling to the 1.3400 level.
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