GBP/USD

[gka]

What's a VRM chart?
Sorry, I'm still really new to this

It's the volatility Response Model (VRM) chart which has been posted on the thread

Predicting future FX support and resistance levels using mathematics

since last December. It shows the support/resistance levels or road map through which the FX moves in the future. First post of thread gives a description.

 

[NVP]

been toooo easy on cable last 2 days .....wish it was this good every London morning session

 

[neenan1]

It's the volatility Response Model (VRM) chart which has been posted on the thread

Predicting future FX support and resistance levels using mathematics

since last December. It shows the support/resistance levels or road map through which the FX moves in the future. First post of thread gives a description.

Thank you for letting me know, i'll take a look at that.

 

[Josh7]

GBPUSD moved lower, hopefully this week there will be an uptick to first res at 1.3365.

 

[fxstrategist]

GBPUSD still trapped between EMAs

The GBPUSD is still trapped between the 200 day EMA (1.3261) and the 55 day EMA (1.3049) as shown on the daily chart. The price of the GBPUSD may breakout in any direction. If it breaks below the 1.3000 level, then its next support could be the 1.2800 level. Above the 1.3300 level, its next resistance could be the 1.3400 level.

 

[Josh7]

Neutral for the time being, waiting for fresh new developments.

 

[Poppyseed]

GBP/Usd is consolidating just under 1.30 level, lack of directional strength. The pair's direction depending a lot on Brexit developments and very little on technicals.

 

[Josh7]

It's been trading sideways for the past two months. Hopefully this month will bring volatility back in the pair.

 

[Wilson80]

It might have found some support on the 50-day moving average, it can be a good entry point.

 

[Wilson80]

Nice bounce off the 50-day moving average and seems to be warming up to break above the 10-day moving average.

 

[Poppyseed]

GBP/Usd certainly took advantage of the news that EU will offer the UK a 'super-charged' trade deal, the pair rallied to above 1.31 level but lost its momentum after. Pound continues to be driven by Brexit hopes, on the upside important resistance level lies at 1.3300.

 

[fxstrategist]

GBPUSD rallies for 2nd day in a row

The GBPUSD keeps a good bullish momentun in the short term and rallied during Thursday and Friday to close the week to the upside. The GBPUSD is currently around the 1.3110 level, but it may find some resistance around the 1.3300 zone where we have a moving average confluence.

 

[Josh7]

Looking to go short at 1.3250. It seems it may try to go higher from here.

 

[Pat494]

Down a bit more first though imho

 

[Wilson80]

Looking to go short at 1.3250. It seems it may try to go higher from here.

I do not think it will run up to 1.3250, although a good level to watch for support is the 50-day moving average now at 1.2974.

 

[Poppyseed]

Once again, Brexit headline that suggested the EU and the UK have moved further to reach a deal drive the pair to 1.3150 level. The pair currently consolidating its gains, as long as it holds above 1.3100 level, Pounds could still be targeting 1.3200.

 

[Pat494]

Flattish from here imho

 

[Josh7]

It's closing in on my short entry at 1.3265. Let's see if it holds!

 

[Wilson80]

I see it running up to 1.3280.

 

[kaneutaka]

between 1.3210 - 1.3220 for last two hours.