gbp/usd

This is a discussion on gbp/usd within the Forex forums, part of the Markets category; GBP/USD has been consolidating sideways between 1.3170 – 1.3220 since yesterday. It depends on the news later today whether it ...

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Old Oct 11, 2017, 6:02pm   #785
Joined Jul 2014
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
Joined Jun 2017
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
Joined Jul 2014
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
Joined Oct 2014
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
Joined Sep 2013
Quote:
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
Joined Jul 2017
Key levels to watch for:
Support: 1.3260; 1.3100;
Resistance: 1.3440; 1.3600;
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