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.
willissom1
Member
- Messages
- 66
- Likes
- 0
GBPUSD
Entry Point: Sell at 1.2444
Take Profit: 1.2413
Stop Loss: 1.2485
Date: 05-04-2017 Status: Close
Entry Point: Sell at 1.2444
Take Profit: 1.2413
Stop Loss: 1.2485
Date: 05-04-2017 Status: Close
willissom1
Member
- Messages
- 66
- Likes
- 0
GBPUSD
Entry Point: Sell at 1.2460
Take Profit: 1.2429
Stop Loss: 1.2501
Date: 07-04-2017 Status: Close
Entry Point: Sell at 1.2460
Take Profit: 1.2429
Stop Loss: 1.2501
Date: 07-04-2017 Status: Close
victoriajensen
Established member
- Messages
- 648
- Likes
- 10
The pair is stuck in a quite wide sideways consolidation between 1.2080 and 1.2700 and it's currently moving to the upside again. The closest target is at 1.2550.
arigoldman
Established member
- Messages
- 626
- Likes
- 10
GBP/USD had a good week this week as price advanced to a high of 1.2575. Next week the pair might consolidate if there are no major news to stir the market.
willissom1
Member
- Messages
- 66
- Likes
- 0
GBPUSD
Entry Point: Sell at 1.2556
Take Profit: 1.2525
Stop Loss: 1.2597
Date: 13-04-2017 Status: Close
Entry Point: Sell at 1.2556
Take Profit: 1.2525
Stop Loss: 1.2597
Date: 13-04-2017 Status: Close
victoriajensen
Established member
- Messages
- 648
- Likes
- 10
GBP/USD moved sharply to the upside after the fundmentals yesterday and reached a new high at 1.2900. It's currently consolidating sideways, but it's possible the move to the upside is not over yet.
willissom1
Member
- Messages
- 66
- Likes
- 0
GBPUSD
Entry Point: Sell at 1.2543
Take Profit: 1.2512
Stop Loss: 1.2584
Date: 17-04-2017 Status: Close
Entry Point: Sell at 1.2543
Take Profit: 1.2512
Stop Loss: 1.2584
Date: 17-04-2017 Status: Close
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.
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.
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.
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.
arigoldman
Established member
- Messages
- 626
- Likes
- 10
Good week for the Sterling. Maybe consolidation can be expected in the coming week and a slight correction to the downside before bulls attempt to go higher.
