GBP/USD forecast - page 113

fxstrategist007
129
fxstrategist007  
Yes, indeed the Pound may get a boost this week and the GBPUSD could rally towards the 200 day EMA around the 1.3286 level. In case of a pullback below the 1.3000 level, the 1.2800 may act as support.
Ari Goldman
995
Ari Goldman  
I think they would agree on soft Brexit, both parties need each other. 
Cougar512
221
Cougar512  
GBP/USD: I'm opening a short position with target: 1.2950, SL: 1.3020.
Victoria Jensen
1179
Victoria Jensen  
I may open a short position too, the pair has formed a spinning top candlestick on the daily time-frame below 1.3085, so there may be a new move to the downside.
fxstrategist007
129
fxstrategist007  
The GBPUSD manages to stay above the 1.3000 level where we can find its 55 day EMA, but the 200 day EMA around the 1.3276 level may act as resistance.
Cougar512
221
Cougar512  
Cougar512:
GBP/USD: I'm opening a short position with target: 1.2950, SL: 1.3020.
Unfortunately, my SL has triggered. Waiting for better levels to open a short position.
Ari Goldman
995
Ari Goldman  
The Sterling is approaching a strong resistance level at 1.3120. I think that's a good chance to go short.
Tongueli1213
1
Tongueli1213  
Thanks for the good comments on the suggestions. I know a lot more
Cougar512
221
Cougar512  
GBP/USD: The current level - between 1.3070 and 1.3080 is a good support/resistance level. Let's see how the week will begin.
Cougar512
221
Cougar512  
So it bounced up from the above mentioned area. The next best is 1.3170.