GBP/USD

[deresel]

So what are you doing?

I'm fine, thanks for asking!

Trading sentiments for GBP/USD today: to buy above 1.3180 with targets 1.3350 and 1.3425. Alternative scenario: The downside breakout level of 1.3180 will open the way to 1.3110 and 1.3045.

 

[idimitrov]

Due to the forthcoming meeting of the Bank of England, the attention of market participants are still focused on the price dynamics of the British pound. After renewing the maximum in the Asian session GBP/USD corrected to 1.3336 to 1.3220. After a brief correction the pair has recovered to 1.3296. Currently pound against the US dollar is quoted at 1.3162.

 

[king156]

BOE rates tomoz, hope they slash for more downside to 0.25 even tho sound reluctant should be a cut ! whooo

 

[Atilla]

I reckon he'll talk up the UK economy and save the cut for later. Pound is low as it is. Article 50 kicked down the road. New government forming level headed approach to analyse pros n cons of exit. Tread water for now.

Pound around 1.28 - 1.32 good for the economy.

Steady as she goes...

 

[king156]

damn im set anyway quikc trade at 11.59 see if I can catch a move lol

 

[victoriajensen]

GBP/USD couldn't break above the resistance at 1.3480, formed a double top there and then a hanging man candlestick below that level on the four-hour time-frame and naturally started falling. Next target is likely 1.3280.

 

[idimitrov]

After rising the previous days GBP is losing ground, indicating a return to average values. The clearest manifestation of the weakness of sterling can be seen in the GBP/USD pair dynamics.

 

[deresel]

The British pound fell against the dollar on Friday. At the close of trading session GBP/USD is traded at 1.3179, shedding by 1.20%. I believe that the support is now located at the level of 1.2849, Monday's low, and resistance is likely to be at the level of 1.3481 - the maximum of Friday's trading.

 

[csc2009]

The Pound broke 1.3200 level due to ''encouraging news of Australia has already approached the UK for a free trade deal following its exit from the European Union''.

 

[fxstrategist]

Gbpusd

The GBPUSD stays around the 1.3200 level. The 1.3532 may act as resistance. to the Downside, the 1.2800 may act as support.

 

[victoriajensen]

The pair is forming a flag on the one-hour time-frame, there will likely be a new move to the downside again with target 1.3130.

 

[Atilla]

Too many uncertainties and more so for the UK than other currencies.

Current PP @ 1.3277 failing to hold. 1.34 clearly got rejected.

Have PP-S1 as next support at 1.3070s.

1.31 likely to be tested soon imo.

 

[arigoldman]

News did not move the pair in any way.

 

[victoriajensen]

The pair is stalling at the 1.3180 level, but I think it will likely continue moving to the downside.

 

[fxstrategist]

Gbpusd

The GBPUSD falls below the 1.3200 level, but this could be the right shoulder of an inverted head and shoulders pattern on the daily chart. Price may go back up.

 

[fxstrategist]

Gbpusd

The GBPUSD goes back up and as expected, on the daily chart it is kind of forming an inverted head and shoulders patterns.

 

[csc2009]

The Pound has rebound strongly today, the pair remain its negative tone, but short-term might continue to gain further from strong jobs report data.

 

[fxstrategist]

Gbpusd

The GBPUSD goes back down to the 1.3100 level, but the level has proven to be a good support, a break down may accelerate the bearish momentum.

 

[csc2009]

The Pound is in trouble again, it could test its psychological support level at 1.3000 again.

 

[arigoldman]

I think the pair is in for more downfall.