GBP/USD

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fxstrategist

Active member
Apr 10, 2014
552
14
28
No clear direction on the GBPUSD

The GBPUSD goes back above the 1.2800 level, but it has no clear direction, amid high volatility and indecision. To the upside, the 1.2900 level may act as resistance and to the downside, the 1.2694 level may act as support.
 

hatemypips

Active member
Nov 11, 2014
204
2
28
A fast drop on the GBPUSD that took the pair below the 1.2800 level and comes close to the 1.2694 level, but the price may consolidate around the 1.2800 level.
1.27 mark was really perfect long entry, with so much potential for optimistic outcome in Brexit, the pair had good chances to take off
 
Sep 4, 2018
64
0
6
GBP/Usd seems going to recover the small gap, the pair is in the negative territory but showing no clear directional strength at the moment, 1.28 level acts as important support.
 

hatemypips

Active member
Nov 11, 2014
204
2
28
Seems like that the 100 pips rally from yesterday is fading away but now is stuck in a trading range between 1.2870 down to 1.2811 on a H1 time-frame.
The movement is so erratic ahead of big Brexi announcements. Personally I'm looking for selling opportunity after it rises somewhere to 1.30, would be a great trade I guess
 
Sep 4, 2018
64
0
6
The pair is trading lower ahead of EU summit, however the downside seems limited to 1.2800 level. All eyes on Brexit headlines, there are important issues still remain unsolved.
 

Pat494

Well-known member
Mar 27, 2004
13,025
1,217
223
The likelihood of Parlt. accepting the Brexit deal is according to the maths of the pundits virtually nil. This should be priced in too.
 
Sep 4, 2018
64
0
6
GBP/Usd seems picked up a bit, but still not showing any strong reaction from the Brexit deal. The pair is expected to continue trading within the range for now, immediate resistance is at 1.2850 and on the downside support can be seen at 1.2795.
 
Sep 3, 2018
72
0
6
The currency pair is approaching November low at 1.2723 that is very close to 2018 low at 1.2694 so we might see a bounce to the upside. At least I'm getting ready to buy.
 
Sep 4, 2018
64
0
6
Uncertainty about Parliament's approval of the Brexit deal has weighed in on the pair, GBP/Usd is trading the lowest since 15th Nov. The downside seems capped to 1.2730, but there is a further possibility of sliding lower if it breaks below 1.2730.
 
Sep 4, 2018
64
0
6
While Brexit news takes some time off and waiting for the critical date on 10th December, GBP/Usd has recovered some ground and consolidating higher ground which just below 1.2800 handles.