GBP/USD

hatemypips

Active member
Nov 11, 2014
226
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.
 
Sep 4, 2018
64
0
6
The pair is holding around 1.2800 level despite the EU leaders agree UK's Brexit deal at the summit which take Brexit one step ahead.
 

Pat494

Well-known member
Mar 27, 2004
13,135
1,246
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
92
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.