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Forex Stock Exchange Forum  » Forex and Stock Trading English Forum » Technical and Fundamental Analysis-Trading Signals » GBPUSD,“Great Britain Pound vs US Dollar”

GBPUSD,“Great Britain Pound vs US Dollar”

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Stuart Broad

Stuart Broad

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This pair has been in strong bearish trend over the last few weeks, but the switch is seen. It could be good time to buy but still the chance of bearish wave is very strong and that’s why it might not be exactly great to enter unless there is clarity.

Stuart Broad

Stuart Broad

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This pair has gained massively and has closed near 1.36 levels which is massive, as the week saw nearly 400 points. The level is likely to continue as we can see on SAR indicator as well, so it is still good opportunity to go for buy but better if it comes after some dip.

Stuart Broad

Stuart Broad

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The week opened at 1.2887 and closed at 1.3102 with a very healthy gain of 1.67%. GBP was clearly a winner against USD and there is nothing to stop it from here though only the shaky coalition government in UK along with Brexit negotiations together with some weak data’s could keep it in check. GBP seems to be making up for lost gains after the Brexit and there seems to be sort of short squeeze.

Stuart Broad

Stuart Broad

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A nearly 1.15% loss is not big for the pound though the uncertainty surrounding the government formation and its subsequent workings might have effect on the pound which should correct lower barring any positive events like the BoE interest rate decision and with FED also having its meeting next week, one can expect lots of volatility going forward!

Stuart Broad

Stuart Broad

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GBP/USD turned the corner rapidly as now we are visiting around 1.25 level and likely to continue on similar pattern ahead. We could see the NFP giving it slight momentum, but overall the trend seems bearish by long shot.

Stuart Broad

Stuart Broad

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GBP/USD this week stayed caution right throughout the week before last few days causing the bullish trend before NFP made the U-Turn and we saw it closed near the levels it opened. This week there is similar trend ahead, so it might be good chance for long trade.

Stuart Broad

Stuart Broad

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A nearly 2.75% gain over the week was pretty impressive considering the fact that cable was in free fall from its Brexit days, save once or twice attempt to recover & subsequent flash crash! The recovery looks good and some are predicting even up to 1.30-1.35 more so if Trump is to win which is USD –ve event in the short term. So, this pair looks in the uptrend in the near term.

Stuart Broad

Stuart Broad

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GBP/USD was in party mood in last couple of days which saw the flash crash happening and the pair dropping down heavily to 1.20 level before pulling all bars up to run around 1.24 level, it’s all but likely to continue in similar fashion.

Stuart Broad

Stuart Broad

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GBP/USD was bullish this week with events like NFP playing major role in it. The pair closed out just around 1.33 level and it’s pushing very hard for further movement, it might be possible that this week the pair might go till 1.34, but in long run, it’s still likely to work in bearish trend.

Stuart Broad

Stuart Broad

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GBP/USD went down 300 pips after BOE cutting the rates for the first time to lowest, it’s likely that the pressure will continue and might pull it inside 1.30, but it will be interesting to see how the pair reacts this week with no major event lined up.

Stuart Broad

Stuart Broad

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GBP/USD pair gained momentum right from start of the week and went to 1.34 levels but wasn't able to break past 1.35 and got rejected, but we are expecting some sort of recovery again and another attempt to cross the mark this week.

Mickytaylor

Mickytaylor

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GBP/USD is sitting above 1.45 level after drop from 1.47, but signs are that this may get gained soon during some stage this week, but it will be important that we go long till the pair remains above 1.475 levels, but below that won’t be wise to stay to long trades.

Vlad

Vlad

On Monday, I do not expect that the pair GBP/USD will show strong movements cause there is no significant news for the UK and the US. I think the pair will be traded in a small range with a tendency to drop. At the bottom, the key level will be the mark 1.4451 (Friday's low). In case it is broken, the next level will be support 1.4408 , but I doubt that we'll get it on Monday, the pair is likely to remain within the 44 figure.
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Vlad

Vlad

Yesterday the currency pair GBP/USD was traded within the range 1.4475 - 1.4379, and now H1 clearly shows that it is traded at the lower border of the channel between the support levels 1.4365 and 1.4324 and resistance levels 1.4420 and 1.4461. Selling the pair today is worth considering if it will exits the channel to the south.
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Vlad

Vlad

Tonight Carney is speaking, he can talk about raising of the rate once again, but will discuss delayed terms. Therefore, meanwhile I will consider positions for sale, put the pending order Sell Stop on the level of 1.5080 with take profit of 30 points
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Vlad

Vlad

There is a very high probability of rolling back to the northern direction today. The pair reached the lower boundary of the downward price channel and turns to the northern direction. Stochastics on the daily chart turned North. Probably we will buy the pair.
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Vlad

Vlad

After a protracted decline during 9 trading sessions in run, over the recent time the currency pair GBP/USD has been developing correctional movement , as it can be seen in the chart H4, in which our pair is moving in a downward trading channel, rebounding from its upper border. Growth is limited by resistance levels 1.5174 and 1.5213, and the upper border of the channel, from which we can consider sales. Levels of support for today are around 1.5105 and 1.5066.
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gandra

gandra
Global Moderator

22.09.2015 18:34 GMT+1 - GBP/USD Intraday: under pressure.

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Pivot: 1.5485

Our preference: Short positions below 1.5485 with targets @ 1.533 & 1.529 in extension.

Alternative scenario: Above 1.5485 look for further upside with 1.553 & 1.557 as targets.

Comment: The RSI is badly directed.

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lol!



Short info about me! I am forex, stock market trader, and software developer at the same time. I developed several Trading Robots (Expert Advisors) for trading on Meta Trader 5 trading platform.

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Vlad

Vlad

The pair broke resistance of 1.53 and continued to rise even before London opening, so from the reached highs it is likely to roll back during the European session to support 1.53, and from there it would continue growth, nearest goals for Bulls in this case will be the levels of 1,54- 1,55. Otherwise the pair will stay in the channel 1,53-1,52.
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Vlad

Vlad

The pair will go down to 1.5465, then to 1.5450 further down, we'll see what happens. Top target is maximum 1.5530, I think flat will continue and now it is in the flat. The pair goes up to break through 1.5530 price and then fall to the 1.5480 point again. Meanwhile we are waiting for breakdown of the currency.
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Vlad

Vlad

H1, GBPUSD made a new wave through to 1.5647 resistance level. This pair got a strong 1.5579 support level, and now it forms the third upward wave.
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Vlad

Vlad

This pair had a differently directed trend on Friday. Bulls broke downward trend and returned the pair to morning level. Today it will be traded into small range.
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gandra

gandra
Global Moderator

GBPUSD,“Great Britain Pound vs US Dollar” 3294524665

Okay okay but tomorrow ,not now.



Short info about me! I am forex, stock market trader, and software developer at the same time. I developed several Trading Robots (Expert Advisors) for trading on Meta Trader 5 trading platform.

* Forex Robots(Expert Advisor)for MT5 trading platform. [You must be registered and logged in to see this link.]
https://www.tradingview.com/u/DraganDrenjanin/ https://www.mql5.com/en/users/drgandra/seller#products

dzonefx

dzonefx
Moderator

Come to the Serbian part of the forum a little bit to talk!
GBPUSD,“Great Britain Pound vs US Dollar” 979018452

gandra

gandra
Global Moderator

You think.

You know that I trade only GBP.But let's bet to $ 100.Set a target, and I will set a target.Winner takes 100, the money  send to Skrill
Yes or No?

GBPUSD,“Great Britain Pound vs US Dollar” 3043495484



Short info about me! I am forex, stock market trader, and software developer at the same time. I developed several Trading Robots (Expert Advisors) for trading on Meta Trader 5 trading platform.

* Forex Robots(Expert Advisor)for MT5 trading platform. [You must be registered and logged in to see this link.]
https://www.tradingview.com/u/DraganDrenjanin/ https://www.mql5.com/en/users/drgandra/seller#products

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