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GBP/USD forecast - page 61

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Ivan
389
Ivan  

The pound lost more than a figure against the US currency on Thursday. The last day's quote was 1.3118 or 128 pips from the opening rate of 1.3246. Extreme values ​​for the day were recorded at 1.3249 and 1.3107 respectively. If the trend remains unchanged, it will soon be the first support breach, which is only 7 pips away.

Ivan
389
Ivan  

Thursday was fourth consecutive volatile day for the dollar-yen currency pair. The day brought 7 pips to the US dollar assets. Its start was set at 112.74 and its end came at 112.81. During the day the bulls broke the first resistance to record a peak at 112.91 and the bears took their bottom at 112.41.

csc2009
806
csc2009  

The absence of a clear Brexit strategy continue drive the pair down, limited upward correction movements while Gbp/Usd is still holding above 1.3000 psychological handle.

deresel
465
deresel  

The pound marked a second successive session against the dollar on Tuesday. The British currency has continued the positive momentum since the beginning of the week, but no breakthrough of key levels has been achieved. Short-term expectations continue to be in favor of the pound. Trading was open at a rate of 1.3140 and the final was 62 pips higher. The trend was bullish in most of the time, with the peak reached at 1.3225.

deresel
465
deresel  

Key levels to watch for:

Support: 1.3014; 1.2955;

Resistance: 1.3290; 1.3326;

Ivan
389
Ivan  

The GBP / USD continued its bullish momentum yesterday, reaching a peak of 1.3225, with the market respecting the daily EMA 200 and the trendline support line. Short-term expectations are bullish to test the resistance 1.3330. A clear breakthrough and daily closing over it will put an end to the downward correction phase and will re-activate my bullish model for retesting 1.3615. Support for the day is 1.3150, whose breakthrough should keep the bearish phase in force for testing the daily EMA 200 and the trendline support.

Ivan
389
Ivan  

Pound / dollar was tentative yesterday, but mainly continues to trade higher and hit a new weekly peak at 1.3264 earlier today. Trade signals remain bullish for testing the key resistance 1.3330. A clear break and daily closing above this level will put an end to the downward correction phase and will re-activate my upward model for retesting 1.3615. The nearest support is at 1.3150. A clear breakthrough and daily closure below this level should keep the bearish phase intact for testing the daily EMA 200 and the trendline support. Generally, I stay in the bulls camp.

Ari Goldman
651
Ari Goldman  

Somehow insecure, i'm staying away for now.

Michele Manenti
485
Michele Manenti  

GBPUSD FOR NEXT WEEK:

TREND: LONG

S: 1.3246 - 1.3216

R: 1.3366 - 1.3420

csc2009
806
csc2009  

Risk remains on the upside, Gbp/Usd consolidate just below 1.3300 level. This week all focus on the EU summit and Theresa May's 'emergency' trip to Brussels on Monday.

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