GBP/USD broke below a key level at 1.30000, a bearish outside day was seen on Thursday and moving averages have turned bearish. Hence, we see a dip back to 1.2950. A break above 1.2850 to question downside
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GBPUSD UP TREND
GBPusd down move
GBPUSD managed to head to test 1.4350/72 zone which will consider the resistance zone for the coming short-run as long as market holding trades with daily close below this zone , the downtrend pressure will sustain over market for another dip toward 1.4050 above 1.3970
GBPUSD UP MOVE
GBP/USD is bouncing from 1.4000 (base of the bear channel) and MACD is giving mixed signals. Hence, we expect a further bounce towards 1.4332. Below the bear channel to avert upside.
GBPUSD DOWN
GBPUSD managed to head to test 1.4200/.4350 zone which will consider the resistance zone for the coming short-run as long as market holding trades with daily close below this zone , the downtrend pressure will sustain over market for another dip toward 1.3900
GBPUSD DOWN TREND
The Pound traded on a stronger footing against the US Dollar in the prior session and surpassed its psychological 1.3900 for the first time since June 2016, as investors remained confident over a soft exit of UK from the European Union. At present, the pair is trading with a mildly negative bias on the 1H chart, indicating at a bearish technical outlook. Besides, the MACD indicator is sharply pointing downwards, further supporting the above view. Meanwhile, traders would eye UK’s inflation data,…
GBPUSD DOWN NEXT MONTH
Our preference: short positions below 1.3390 with targets at 1.3280
Alternative scenario: above 1.3390 look for further upside with 1.3420 RSI shows downside momentum
Alternative scenario: above 1.3390 look for further upside with 1.3420 RSI shows downside momentum
GBPusd up trend
Short-term view: GBP/USD has support at 1.3258 and MACD is also reversing from just under the zero line. Hence, we expect a bounce past 1.3345, possibly to 1.3400. Below 1.3258 to open 1.3227
GBPUSD DOWN TREND
GBPUSD still holding trades inside uptrend channel where a trading zone may control resistance 1.3200-market may sustain this trading zone for the coming period above 1.3210 more advance toward 1.3360 may hit the market below 1.2915 more drop may hit the market toward 1.3000-75 zone
GBPUSD
GBP USDPositive if breaks above 1.3580 The Pound traded higher for the second successive session in the last session to close at 1.3518, after making a high at 1.3580. Currently, the pair is trading with a bullish showing on the 1H chart, ahead of the formal start of Brexit negotiation that is set to kick start today. Also, the MACD indicator is trading in the positive territory, hinting at the presence of bullish momentum in the coming session. Key near term resistance to be watched is position…