GBP/USD

[gerryg]

The pair is likely to continue its upward movement following by dissent in BoE camp as accelerating inflation may force members to raise rates, as exports and other inflation-contributed sectors failed to offset the gap between wages and inflation which affected consumers' purchasing power.
Next target for GBPUSD is 1.32 level providing that Dollar extends its slack on white House problems and dovish Fed.

 

[willissom1]

My GBPUSD Position

Entry Point: Sell at 1.2954
Take Profit: 1.2923
Stop Loss: 1.2995

 

[victoriajensen]

GBP/USD bounced off from 1.2930 after forming a spinning top candlestick on the four-hour time-frame at that level and it will likely test 1.3000 next, which from a support will have become a resistance level.

 

[arigoldman]

Not much of a movement this week. Overall bearish sentiment in the US dollar, possible upside momentum expected next week.

 

[LionelID]

The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2994, gaining 0.15%. I believe that support is now at around 1.2930, Thursday's low, and resistance is likely at 1.3127, Tuesday's high.

 

[csc2009]

The pair seems limited to 1.3020/30 zone, continues showing no clear directional strength.

 

[Jenny FX]

The British pound recorded a volatile session against the US dollar on Monday. The currency pair started at 1.2992 and the pound registered a positive performance. Eventually, the currency pair ended at 1.3027 and if the upward trend continues, we can expect a break in the first resistance at 1.3090.

 

[Jenny FX]

Key levels to watch for:
Support: 1.2700; 1.2516; 1.2360;
Resistance: 1.3090; 1.3270.

 

[LionelID]

The British pound recorded a volatile session against the US dollar on Tuesday. The currency pair opened at 1.3027 and finished just 4 pips lower. Graphics continued to grow above the creeping averages, while the relative strength index remained neutral. If the bullish trend keeps the pair will focus on the resistance at 1.3090.

 

[Jenny FX]

The British pound record also recorded a significant increase against the US dollar on Wednesday. The currency pair added 97 pips and the pound managed to break the first resistance at 1.0390. Daytime extreme values ​​were reached at 1.3000 and 1.3123 respectively. If the price continues to rise, we can expect a resistance test at 1.3270.

 

[Jenny FX]

Key levels to watch for:
Support: 1.3090; 1.2700; 1.2516;
Resistance: 1.3270.

 

[csc2009]

Gbp/Usd support level can be found at today's low 1.3050, downward movement seems limited short-term, I'm expecting correction movement before downside continues.

 

[arigoldman]

GBP/USD has been really choppy lately. I'm out of this pair for now.

 

[LionelID]

The British pound also recorded a decline against the US dollar on Thursday. Session started at 1.3120 and the pound lost 56 pips. Graphics continued to grow above the creeping averages, while the relative strength index remained neutral. Establishing the pair above 1.3090 will be indicative of the interest of the bulls, whose next target is the resistance at 1.3270.

 

[csc2009]

Bullish consolidation may clear the pair to the way up if break above resistance around 1.3150/60 zone.

 

[fxters]

GBPUSD has reach 1.31600 again and possible retracements are quite normal action.

As I have been writing last four months there are 2 channels for the rest of the year. One is 1.30-1.32 and the second one 1.32-134 ...

GBPUSD price is 1.3130 now and possible to pullback to 1.3100.

So my intraday trading idea is SHORT GBPUSD target 1.3105 where MA50 support in H1 Chart and breaking below 1.3105 will carry the price to
1.30700.

It will be a good intraday trade with 30 and 60 pips profit on GBPUSD .

 

[csc2009]

Gbp/Usd remains in the positive territory while pulled back starts corrective movement. Resistance can be found at 1.3245, break above leads to further gain.

 

[csc2009]

The pair continues consolidating its gains ahead of BoE monetary policy meeting tomorrow. Resistance can found at 1.3250 and follow by 1.3300.

 

[csc2009]

Gbp/Usd took reverse turn followed by the BoE's decision remain its low rate unchanged and found support at daily low 1.3110. The pair consolidating on the downside ahead of US Non-farm payroll.

 

[arigoldman]

GBP/USD hovering around 1.31, the pair looks fragile in the choppy environment lately.