gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; While the pair maintains strong upward momentum, rising to resistance level at 1.3225, the lack of progress on Brexit talking ...

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Old Sep 11, 2017, 4:14am   #745
Joined Apr 2014
While the pair maintains strong upward momentum, rising to resistance level at 1.3225, the lack of progress on Brexit talking could hold back the gains this week.
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Old Sep 11, 2017, 2:46pm   #746
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Good day for the British Pound, up substantially against all peers.
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Old Sep 11, 2017, 6:23pm   #747
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GBP/USD formed a double top at 1.3223 and it also formed a shooting star candlestick on the four-hour time-frame. Both are signals for a move to the downside and if they are valid next target will likely be around 1.3120, which is the (MA)89 indicator on the one-hour time-frame.

Last edited by victoriajensen; Sep 11, 2017 at 6:33pm.
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Old Sep 14, 2017, 6:18pm   #748
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GBP/USD sharply moved to the upside today after the Bank of England announced it is keeping the interest rate unchanged at 0.25%. Next target is likely at 1.3500.
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Old Sep 15, 2017, 6:13pm   #749
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GBP/USD not only reached 1.3500 but broke out above that level and reached a new high at 1.3615. The pair will probably continue rallying towards 1.3700.
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Old Sep 17, 2017, 4:08pm   #750
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The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3590, gaining 1.44%. I believe that support is now at 1.3159, Monday's low, and resistance is likely at 1.3616, the high of Friday's trading.
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Old Sep 18, 2017, 2:59am   #751
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Quote:
Originally Posted by victoriajensen View Post
GBP/USD not only reached 1.3500 but broke out above that level and reached a new high at 1.3615. The pair will probably continue rallying towards 1.3700.
I agree, but I'm expecting consolidation in the beginning of the week before the pair uptrend extend further.
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Old Sep 18, 2017, 5:11pm   #752
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The GBP/USD bullish trend is stalling for now, the pair formed a double top at 1.3618, as well as a shooting star candlesitck at that level on the one-hour time-frame before falling moving sharply to the downside. Next target is likely at 1.3425, which is the (MA)89 indicator on the same one-hour time-frame.
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