ForumSections

GBP/USD forecast - page 78

New comment
The pair is still testing the support around 1.3850 - 1.3835 as the fundamentals today did not lead to a breakout. There will likely be a another further move to the downside towards 1.3835.
Possible double top on the GBPUSD around the 1.4300 level and the pair may be heading to a longer term bearish correction. 
Good move this week, positive GBP data.
The move to the downside continues, next target is likely at 1.3700 but it will likely break out below that level.
On Friday, the US dollar moved to growth against other major currencies after the US Congress voted for an agreement on the parameters of the federal budget for the next two years, ending a short suspension of the government. The pair GBP/USD dropped 0.86% to 1.3793 in the afternoon.
Good entry level for long at 1.37 if reached.
Ari Goldman:
Good entry level for long at 1.37 if reached.
It bounced off from 1.3760 after all. It may move to the upside towards 1.3870 after all.
The move to the upside continues, the pair broke out above 1.3870 and it will likely continue rising towards 1.3950.
Even though the GBPUSD is trying to change its direction to the upside, the bearish trend in the short term is still in place. For now the 1.3900 level may act as a resistance.
GBP/USD has almost reached 1.4000 and it will likely continue moving to the upside towards 1.4060.
1...717273747576777879808182838485...128
New comment