gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; Such high volatility around the GBP/Usd, Brexit uncertainty continues to be the main focus. The pair seems has lost its ...

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Old Sep 5, 2018, 11:53pm   #886
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Such high volatility around the GBP/Usd, Brexit uncertainty continues to be the main focus. The pair seems has lost its upward strength while still staying the positive territory. Support level can be found around 1.2870, on the upside resistance lies around 1.2980.
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Old Sep 6, 2018, 11:12pm   #887
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GBP/Usd is consolidating its recent gains, showing no directional strength for the short-term, I'm staying sideline for now.
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Old Sep 10, 2018, 10:22am   #888
 
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The GBP/USD seems to be contained between 1.3020 (resistance) and 1.2791 (support). But looks like the 50-day moving average is keeping the price down, however if it breaks above it I'll open a long position.
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Old Sep 10, 2018, 11:04pm   #889
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Softer Brexit is becoming more real, hopes for ''deal'' sent GBP/Usd straight above 1.30 level. Upward momentum seems limited to 1.3050 level, the pair is expected to continue its consolidation on the upside.
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Old Sep 11, 2018, 7:55am   #890
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I think they would agree on soft Brexit, both parties need each other.
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Old Sep 11, 2018, 11:22am   #891
 
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Quote:
Originally Posted by Wilson80 View Post
The GBP/USD seems to be contained between 1.3020 (resistance) and 1.2791 (support). But looks like the 50-day moving average is keeping the price down, however if it breaks above it I'll open a long position.
Well got in yesterday long @ 1.2975 and I see it going toward 1.3185 on a daily chart.
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Old Sep 13, 2018, 8:33am   #892
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The Sterling is approaching a strong resistance level at 1.3120. I think that's a good chance to go short.
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Old Sep 14, 2018, 10:05am   #893
 
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Well got in yesterday long @ 1.2975 and I see it going toward 1.3185 on a daily chart.
So far so good , looking to hit my target today or in the worst case scenario at the beginning of next week.
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Old Sep 17, 2018, 10:42am   #894
 
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Looks like is losing some steam, moved the stop loss to breakeven @ 1.2975 just in case hopefully my target @ 1.3185 will hit this week.
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Old Sep 18, 2018, 1:04am   #895
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Rally continues on the GBPUSD

The GBPUSD accelerates its bullish trend above the 55 day EMA and it may head to the 1.3300 level where we can find the 200 day EMA and the 55 week EMA. In case of a pullback, the 1.3000 level may act as support.
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Old Sep 18, 2018, 12:21pm   #896
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GBPUSD broke out of the resistance level. If bears are able to bring it down below 1.31 we will again enter into the downward trend channel.
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Old Sep 18, 2018, 11:00pm   #897
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Focus turns to UK inflation data on Wednesday, the bullish trend won't give up as long as the pair stay above 1.3055 level.
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Old Sep 19, 2018, 10:10am   #898
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Sharp move to the upside but I think it's not sufficient to sustain the upside momentum.
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Old Sep 19, 2018, 11:10pm   #899
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Brexit developments continue to be the main driver of the pair, regardless of the inflation data GBP/Usd seems to start gaining downward traction. Immediate support can be found at 1.3090/95 zone.
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Old Sep 20, 2018, 2:56am   #900
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GBPUSD direction-less

The GBPUSD exhausts its bullish momentum around the 1.3146 level, which is right in between the 55 day EMA and the 200 day EMA. Basically, the 1.3000 level may still act as support and the 1.3300 level may act as resistance, specially when around that zone we can also find the 55 week EMA.

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