GBP/USD

Sep 4, 2018
64
0
6
Lack of new Brexit headlines keeps the Pound trading within the range under 1.2800 level, the pair continues under pressure and downside potential increase when the pair break below support level around 1.2720 handles.
 
Sep 4, 2018
64
0
6
Brexit uncertainties have weighed in on GBP/Usd, the pair has extended its consolidation movement to the lower ground, mid 1.2700's. While the pair remains bearish, the downside seems capped to 1.2700 level.
 
Sep 3, 2018
76
0
6
Bought at 1.2736 with a target up to 1.2925 and with a stop just below 2018 low.
Almost got stopped yesterday, however managed to stay above 2018 YTD low and today is rallying north toward my target.
 

fxstrategist

Active member
Apr 10, 2014
556
14
28
Lots of volatility on the GBPUSD during the last few days with no clear direction. The GBPUSD is actually stuck between the 1.2800 level and the 1.2694-1.2660 zone acting as support. Above the 1.2800 level, its next resistance could be the 55 day EMA at the 1.2900 level.
 

fxstrategist

Active member
Apr 10, 2014
556
14
28
The volatility continues on the GBPUSD on the daily chart, with a good support at the 1.2660 level. To the upside, the 1.2800 level is acting as resistance. The volatility may continue until the Brexit issue is resolved.