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GBPUSD technical and fundamental analysis

  • #121
  • Mar 31, 2017 1:26am Mar 31, 2017 1:26am
Hi guys! Today we continue the technical analysis of the market. And so, I'm considering 2 situations today. 1 A false penetration and a trip to the top are possible. 2 Or continue the movement down. We will look at the opening of London.
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  • #122
  • Mar 31, 2017 11:49am Mar 31, 2017 11:49am
Pound/Dollar tried to lift up in the end of the week, topped at 1.2539. Overall price is still in the downward phase after break below the bullish price channel, but has not yet managed to stay convincingly below EMA 200 and moves in the minor ascending channel. The outlook is neutral for now, perhaps with slight bullish signals for testing 1.2550. The nearest support is at 1.2475. A clear break below that area could trigger further downside pressure testing a key support 1.2375, which needs to be clearly pierced down for the continuation of the bearish scenario.
  • #123
  • Mar 31, 2017 5:17pm Mar 31, 2017 5:17pm
The British pound was up against the US dollar on Friday. By the close of the US trading, GBP/USD is trading at 1.2550, gaining 0.65%. I believe that support is now at 1.2375, the minimum of Wednesday, and the resistance is likely to come in at 1.2618, the maximum of Monday.
  • #124
  • Apr 3, 2017 12:36am Apr 3, 2017 12:36am
Well, that's the beginning of the trading week.) My technical analysis for today. As you can see on the chart, I expect a false breakdown from the levels in two situations. (Buy & Sell). Perhaps the continuation of the price movement, but I miss such a formation. All profit week.
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  • #125
  • Apr 5, 2017 4:55am Apr 5, 2017 4:55am
The pound recorded a second consecutive loss against the dollar on Tuesday. The British currency continued negative momentum from the beginning of the week, but the decrease was not significant. If the bearish sentiment, however, become more intensive, the support at 1.2329 will be overcome soon. The session started at a price of 1.2484, while the pound lost 46 pips to the finish. The trend was volatile but ultimately the downward direction prevailed and the pair hit bottom at 1.2418.
  • #126
  • Apr 5, 2017 4:55am Apr 5, 2017 4:55am
Key levels to watch for:
Support: 1.2329; 1.2211;
Resistance: 1.2674; 1.2725.
  • #127
  • Apr 5, 2017 6:19am Apr 5, 2017 6:19am
Quoting tprofits
Well, that's the beginning of the trading week.) My technical analysis for today. As you can see on the chart, I expect a false breakdown from the levels in two situations. (Buy & Sell). Perhaps the continuation of the price movement, but I miss such a formation. All profit week. {image}
I agree with you there
I want to add to this that the potential of GBPUSD going up is high when it is able to break above the 1.2493

Good luck with your trade
This is not investment/trading advise. Will not hold accountable for loss
  • #128
  • Apr 5, 2017 2:37pm Apr 5, 2017 2:37pm
Quoting deresel
The pound recorded a second consecutive loss against the dollar on Tuesday. The British currency continued negative momentum from the beginning of the week, but the decrease was not significant. If the bearish sentiment, however, become more intensive, the support at 1.2329 will be overcome soon. The session started at a price of 1.2484, while the pound lost 46 pips to the finish. The trend was volatile but ultimately the downward direction prevailed and the pair hit bottom at 1.2418.

Pretty good overview, but what about its future ?
I think Brexit is still a snake in the grass just wait for its moment to bite painfully. I'm in shorts from 1.25, keep SL near 1.2660, expect the rout will offset current underpinning from relatively strong economic data.
  • #129
  • Apr 8, 2017 8:23am Apr 8, 2017 8:23am
The British pound was down against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2367, losing 0.82%. I believe that support is now at 1.2367, the low of Friday's trading, and the resistance is likely at 1.2556, Monday's high.
  • #130
  • Apr 10, 2017 11:57am Apr 10, 2017 11:57am
Hi guys. My ichimoku setup telling me GBPUSD is going up. what you think?
  • #131
  • Apr 16, 2017 8:03am Apr 16, 2017 8:03am
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2525, gaining 0.12%. I believe that support is now at 1.2362, Monday's low, and resistance is likely at 1.2575, Thursday's high.
  • #132
  • Apr 17, 2017 9:27am Apr 17, 2017 9:27am
Hello. Entered the market on the continuation of the price movement.
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  • #133
  • Apr 18, 2017 4:11pm Apr 18, 2017 4:11pm
I had a positive slippage today, my entry was closed at 1.29 while my tp were in 1.2810! I loved that spike! I think my broker has something call better closing price (FCA Tickmill), something like that.
Anyway, Theresa May made pound bullish, and we should see more bullish momentum from cable.
  • #134
  • Apr 18, 2017 11:44pm Apr 18, 2017 11:44pm
Results of the last transaction. Could certainly go into the overclocking of the deposit (Sell), but was not at the monitor.
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  • #135
  • Apr 20, 2017 6:16am Apr 20, 2017 6:16am
The British pound recorded a decline against the US dollar on Wednesday. The currency pair opened at 1.2841 and after a volatile session the pound ended at 1.2775. Daytime extreme values were reached at 1.2859 and 1.2769 respectively. The MA took up the beating formation as the indicators developed above the average levels, contributing to positive attitudes. The main challenge remains 1.3090.
  • #136
  • Apr 20, 2017 6:17am Apr 20, 2017 6:17am
Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090 1.3270;
  • #137
  • Apr 22, 2017 2:22pm Apr 22, 2017 2:22pm
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD is trading at 1.2826, gaining 0.11%. I believe that support is now at around 1.2513, Tuesday's low, and resistance is likely at 1.2909, Tuesday's high.
  • #138
  • Apr 22, 2017 2:22pm Apr 22, 2017 2:22pm
As expected, the lightweight bearish correction from Wednesday was only temporary. On Thursday, we saw renewed demand below the 1.2800 level, and although the bullish outcome was not particularly long, rejecting the lower values was almost restored. This holds the "cable" over the 200 MA.
Countering these positive facts, the price movement in the currency pair met support from investors during the Asian session of Friday. Conflicting signals indicate that timely analysis should be done with caution, although at this point I expect the corrective movement to deepen, forming lower bottoms.
  • #139
  • Apr 22, 2017 2:23pm Apr 22, 2017 2:23pm
GBP / USD - sale at 1.2810
BASIC PARAMETERS
• Entry: 1.2810 (per market)
• Stop: 1.2861
• Limit: 1.2736
  • #140
  • Apr 27, 2017 11:49am Apr 27, 2017 11:49am
Pound/dollar made a moderate upward momentum yesterday, forming a peak at 1.2845. Expectations are bullish for testing 1.2900. A clear breakthrough and daily closure over this area can clear the road ahead of the bulls up to 1.3000 - 1.3050 and give further confirmation of the bullish scenario on the double bottom. Support for the day is 1.2800. A clear break below it could take the price to a neutral trading area, but only a clear break below 1.2750 would have to stop the upside-down scenario on the double bottom.
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