GBP/USD

[Poppyseed]

GBP/Usd is consolidating lower to 1.3150 level, I'm expecting the pair would fall further on Brexit disappointment, the negotiations between the UK and EU are slower than expected.

 

[hatemypips]

GBP/Usd is consolidating lower to 1.3150 level, I'm expecting the pair would fall further on Brexit disappointment, the negotiations between the UK and EU are slower than expected.

Yeah but I think it's a final roller coaster, after touchdown at 1.30 it will bounce higher as negotiations has fewer and fewer spats on the agenda

 

[Poppyseed]

GBP/Usd starts the week with a big bearish gap, Brexit disappointment continues to weigh in on the pair.

 

[Wilson80]

EU Diplomats say that a deal was not reached on the weekend because the UK wants a UK-wide customs deal, and they are ready to restart talks when things calm down in London. What that even means "wide customs deal"?

 

[Poppyseed]

GBP/Usd has recovered the bearish gap but the upside is limited to 1.3182 the immediate resistance level. Although GBP/Usd is still consolidating in the negative territory, the direction of this pair will be dominated by Brexit news.

 

[Pat494]

EU Diplomats say that a deal was not reached on the weekend because the UK wants a UK-wide customs deal, and they are ready to restart talks when things calm down in London. What that even means "wide customs deal"?

This imho will make a hard brexit probable. But let's hope they keep some things like Interpol and science cooperation going.

 

[Josh7]

I'm considering going short at 1.3270. I think it's a good entry for a short play on the short term.

 

[Poppyseed]

Short-term the momentum remains bullish, but the pair upside is limited. GBP/Usd continues its sideway trading just below 1.3200 level.

 

[Wilson80]

This imho will make a hard brexit probable. But let's hope they keep some things like Interpol and science cooperation going.

I fully agree with your assessment in a case of a hard brexit. But I think we can still have a soft brexit.

 

[Josh7]

I'm bearish for today's Retail sales in less than an hour. I'm also short, so I'm biased.

 

[Wilson80]

The FOMC Minutes hammered good the cable, I see it running down to 1.3020 again.

 

[ChristianXavier]

This guy often makes some videos about pound
https://www.youtube.com/watch?v=1CYcqyWbvb8&t=17s

 

[Pat494]

Wait for the bounce.

 

[Poppyseed]

Once again disappointing Brexit news sent GBP/Usd straight down to near 1.30 level. Well, the negotiation continues. Support level can be found at 1.3010, break below would give the pair more pressure on the downside.

 

[Poppyseed]

The pair has dropped to the lowest point in 2 weeks, as long as GBP/Usd stay below 1.30 level, the negative momentum would be expected to continue.

 

[Pat494]

Still falling. No bottom yet. It is being driven lower by the news.
The blue line is the median line for the last 8 days.

 

[Wilson80]

I'm spotting a volume price anomaly on yesterday. Why an anomaly? Because we got a wide body candle with lower volume, comparing to the last three days. So we might get a bounce to the upside very soon.

 

[Poppyseed]

At end of the day, there is still nothing new on Brexit negotiation which results GBP/Usd is lacking directional strength. The pair is consolidating below 1.30 level remain in the negative territory.

 

[fxstrategist]

The GBPUSD stays below the 1.3000 level, but it has been very volatile around that level, without taking a clear direction. Below the 1.2924 level, the pair could drop to the 1.2800 level, which has acted as support in the past.

 

[Pat494]

The probable outcome of a hard Brexit may well depress the Cable a lot lower soon to 1.20 ish.