GBP/USD forecast - page 89

[Chris Mukengeshayi]

I hate this kind of move !!!!!!!!!! why couldn't it do that last week, dam GBPUSD !!!!!!!!!!!!

I don't know what GBPUSD is trying to prove to the market, all the other pairs didn't have such big moves.

[Szymon Palczynski]

Chris Mukengeshayi:

I hate this kind of move !!!!!!!!!! why couldn't it do that last week, dam GBPUSD !!!!!!!!!!!!

I don't know what GBPUSD is trying to prove to the market, all the other pairs didn't have such big moves.

Down trend. Trend line retest. Fibo 76,4 test.

[Chris Mukengeshayi]

Szymon Palczynski:

Down trend. Trend line retest. Fibo 76,4 test.

according to your point of view do you think the price will go up to the 1.4567... ?

I think we are in a super down trend that can go to 1.3973...

[Cougar512]

Pound / dollar continued its inertia down yesterday with a bottom of 1.4068. Trade signals remain down for testing at 1.3960 as part of the bears' phase after the false breakthrough over the key resistance of 1.4275. The intraday resistance is 1.4150, whose breakthrough can take the price to a neutral trading area. But the longer the pair remains below 1.4275, I prefer the short-term scenario at this stage. Downwards, a clear break and a daily / weekly closing below 1.3960 will take the price of 1.3710 next week.

[Szymon Palczynski]

Chris Mukengeshayi:

according to your point of view do you think the price will go up to the 1.4567... ?

I think we are in a super down trend that can go to 1.3973...

   I do not know. Trend is my best friend.

[deresel]

GBP/USD
Key levels to watch for:
Support: 1.3842; 1.3956; 1.4021
Resistance: 1.4280; 1.4344; 1.4405;

[Jason Sen]

Daily Forecast - 20 April 2018

GBPUSD collapsed through strong support at 1.4130/20, with stops triggered below 1.4090. Holding below 1.4130/20 targets 1.4065/60, 1.4045, 1.4020/10 & perhaps as far as 4 month trend line support at 1.3990/80. The bull trap & potential double top is killing the pair. Just be aware that a weekly close below 1.4075 acts as an important sell signal for the start of next week.

The only hope for bulls is the 7 week trend line we are testing at 1.4075/65. Holding here today allows a recovery to from short term oversold conditions targeting 1.4110/20 & first resistance at 1.4140/50. Unlikely, but further gains meet a selling opportunity at 1.4185/90, with stops above 1.4225.

[Victoria Jensen]

It fell to 1.4005 today, next week it will probably continue moving to the downside towards 1.3950.

[Ari Goldman]

Good move to the downside in the past week. I expect strong support at 1.38.

[Victoria Jensen]

Ari Goldman:
Good move to the downside in the past week. I expect strong support at 1.38.

That likely depends on whether there will be a breakout below 1.3900.