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GBP/USD

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Fxortrader

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GBPUSD has a chance to move down to test the support level at 1.2450 - 1.2420 because it is pressured by the report of the US employment data released better than expectations. GBPUSD resistance is in the range of 1.2590 - 1.2620.
#76 - July 08, 2019, 01:05:48 PM

Fxortrader

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The weakening trend in the US dollar is likely to sustain the rise in GBPUSD in the short term to test resistance levels at 1.2600 - 1.2650. However, if the market re-worries Brexit uncertainty has a chance to push the GBPUSD down to target support at 1.2540 - 1.2490.
#77 - July 15, 2019, 12:12:33 PM

jazan

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Technically use indicator bollingerband, in the GBP / Usd timeframe H4, the support in the area of 1.2420 and in that area is likely to increase to 50 pips in the future.
#78 - July 23, 2019, 01:59:18 PM

Alfrians

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growing Brexit worries without agreement may continue to hold GBP bulls in a defensive position and limit all recovery efforts. In fact, any significant increase may still be seen as a selling opportunity and a break below 1.2400 may still occur.
#79 - July 29, 2019, 12:22:58 AM

Gidy

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Current trends 
The pound is supported by weak data on business activity in the US, while UK statistics remain contradictory. 
Markit Manufacturing PMI at Inggn's in September showed an increase of 47.4 to 48.3 pain against an estimated 47.0 pain. 

Resistance levels: 1.2343, 1.2384, 1.2450, 1.2503. 

Support levels: 1.2248, 1.2200, 1.2154, 1.2077.
#80 - October 02, 2019, 09:29:23 AM
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Scalpingfx

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The BoE is still the main driver in pound trading, in today's trading 16/10/2019, the issue of the BoE still maintains interest rates in the range of 0.70%.
#81 - October 16, 2019, 12:11:31 AM

Gama

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Analysis I GBPUSD can not breakout the supply area at a price. 1.29000 so that 1.29250 is due to fundamental brexit uncertainty that occurs. 

Even the rate cut released last night was unable to make the currency increase for the supply area breakout. 
for this reason I see that this currency is more likely to experience a decline with a record of being unable to move above Supply.

Technically using n Demon supply and the traineline. 
I choose to sell at prices from 1.2900-1.2910.
#82 - October 31, 2019, 06:20:37 AM
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zanurreload

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The results of the YouGov poll released on November 16 show the increased prospect of a majority victory for the Conservative party led by PM Boris Johnson. The Conservative Party increased its vote gain by 45%, while the Labor party only gained 28% support and the Liberal Democratic party 15%. The victory of the majority of the Conservative party was seen as positive for the progress of the British economy and economic outlook. YouGov is known to have high accuracy in predicting the results of previous UK elections, including when they projected the failure of PM Theresa May to win majority support in the 2017 British Election. However, the Pound will likely be difficult to break the resistance level that was created previously on the GBP / USD chart, because some other market participants are still reluctant to bet on the bullish prospects of this currency. Polling results will continue to change until the election day.
#83 - November 18, 2019, 10:18:32 PM

zanurreload

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The pound sterling exchange rate slipped around 0.25 percent to the lowest level of 1.2863 against the US Dollar in the mid-European session the day after the results of a Purchasing Managers' Index (PMI) survey for the manufacturing and service sectors were both reported to have contracted. Concerns about the election next month are also starting to reignite, further depressing the position of Sterling versus other major currencies.
IHS Markit reports that the preliminary PMI data for the UK manufacturing sector slumped further in contraction territory from 49.6 to 48.3, missing expectations set at 48.8. Meanwhile, PMI for the service sector actually collapsed from 50.0 to 48.6, whereas previously it was expected to rise to 50.1. A PMI score below the threshold of 50 is an indication of a contraction (slowdown) in the relevant economic sectors.
#84 - November 22, 2019, 10:59:10 PM
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TupaiFx

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Quote from: zanurreload on November 22, 2019, 10:59:10 PM
The pound sterling exchange rate slipped around 0.25 percent to the lowest level of 1.2863 against the US Dollar in the mid-European session the day after the results of a Purchasing Managers' Index (PMI) survey for the manufacturing and service sectors were both reported to have contracted. Concerns about the election next month are also starting to reignite, further depressing the position of Sterling versus other major currencies.
IHS Markit reports that the preliminary PMI data for the UK manufacturing sector slumped further in contraction territory from 49.6 to 48.3, missing expectations set at 48.8. Meanwhile, PMI for the service sector actually collapsed from 50.0 to 48.6, whereas previously it was expected to rise to 50.1. A PMI score below the threshold of 50 is an indication of a contraction (slowdown) in the relevant economic sectors.
Brexit is still the main driver for GBPUSD, for the development of the British economy
#85 - November 29, 2019, 01:56:37 PM

Scalpingfx

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Prime Minister of the United Kingdom Johnosn stressed that the US does not interfere in the upcoming elections, and refused to continue the discussion if the US tried to change the British National Health Services policy.

In the midst of the US market holiday for Thanksgiving, GBPUSD did not show any significant movement, holding around 1.2892
#86 - November 29, 2019, 03:04:09 PM

Mbah Dollar

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On the GBPUSD market movement is waiting for certainty. Optimistic results from the latest polls and if the results are positive, the GBPUSD will strengthen the resistance testing 1.3180 - 1.3250. Instead the GBPUSD support level is around 1.3050 - 1.3100.
#87 - December 09, 2019, 02:45:37 PM

zanurreload

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It is likely that today the GBPUSD currency will move with high volatility because today there is a general election in the UK which will elect MPs. There are two competing parties, namely the Conservative Party led by Prime Minister Boris Johnson, and the opposition party, the Labor Party led by Jeremy Corbyn. If the Conservative Party wins and wins a majority in parliament, it is almost certain the Brexit process will run smoothly, and GBP is expected to strengthen. Conversely, if the Labor Party wins, the opportunity for a new referendum on Brexit is increasingly open, which will create uncertainty. This is expected to cause GBP to weaken.
#88 - December 11, 2019, 10:24:05 PM

TupaiFx

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The ECB is the focus of the Forex market today, while Fundamental news will point to the pount currency with the holding of the UK parliamentary elections also being held today, and the results of the quick count could potentially move the GBPUSD, if the conservative party leads at a large level, potentially supporting the strengthening of the GBPUSD .
#89 - December 12, 2019, 04:02:14 AM

zanurreload

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This morning we saw GBPUSD rise by almost 350 pips, this is because according to the quick count the conservative party led by Brorish Jhonson won a landslide victory. This will make Brexit more smooth
#90 - December 13, 2019, 12:07:27 AM
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