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GBP/USD forecast - page 71

fxstrategist007
72
fxstrategist007  

Consolidation on the GBPUSD, which has formed what it appears to be a symmetrical triangle with good resistance at the 1.3600 level.

Victoria Jensen
989
Victoria Jensen  

GBP/USD did bounce off from 1.3585 and is currently retracing to the support at 1.3500 - 1.3490. If it breaks out below that support it will likely fall to 1.3440.

mtllc
120
mtllc  

GBP/USD is trading lower today on UK political woes. Bearish signs on H4 are indicating that the pair might test last week’s low at 1.3495.

Szymon Palczynski
23278
Szymon Palczynski  

Analysis:

  • Trend H4 - up
  • Mirror support (1.3480) - ok
  • R0 and R1 - success
What's next?

Chart GBPUSD, H4, 2018.01.10 12:06 UTC, RoboForex (CY) Ltd., MetaTrader 4, Real
Victoria Jensen
989
Victoria Jensen  

GBP/USD bounced off from 1.3480 but the move to the downside towards 1.3440 will likely continue as the pair is still quite bearish.

Victoria Jensen
989
Victoria Jensen  

GBP/USD could not quite reach 1.3440 and bounced off from 1.3455. It will probably continue moving to the upside towards the last high at 1.3615.

mtllc
120
mtllc  

The pair performs well, expecting test of 1.3585. 

Szymon Palczynski
23278
Szymon Palczynski  

Right or not, time will tell.

Chart GBPUSD, H4, 2018.01.11 21:23 UTC, RoboForex (CY) Ltd., MetaTrader 4, Real Chart GBPNZD, H4, 2018.01.11 21:16 UTC, RoboForex (CY) Ltd., MetaTrader 4, Real
Victoria Jensen
989
Victoria Jensen  

GBP/USD is very bullish - it broke out above high at 1.3615 and the resistance at 1.3655. It is very likely it will break out above 1.3700 as well.

fxstrategist007
72
fxstrategist007  

Great rally on the GBPUSD, the pair has broken above the 1.3700 level. From this point on, the pair has the road clear all the way to the 1.4000 level.