Browsing all articles in GBP/USD
Jul
8

GBP/USD D1 Technical July 08

GBP/USD  is so weak there is no  signals for long trade. Bollinger bands are providing sell signals for the pair. If pair manage to reached to 1.4950 level and get a pull back and H4 candle closure below this level then pair will start moving towards southward.

Today pair is expected to move more downward   and target 1.4830 level. Then price action on this level should be watch. D1 and H4 chart are showing group of buyers in this area. if pair get a bounce and H4 and D1 candle closure above 1.4900 then it will indicate buy signals for the cable.

Jul
5

GBP/USD D1 Technical July 05

GBP/USD is under pressure. Pair get a strong pull back from 1.5260 level and dropped up to 250 level. Now the support is around 1.5000 level. H4 and D1 candle chart are showing buyers in this area. If Cable manage to hold this physical level then pair will test its today’s resistance at 1.5125 level.  Further bullish scenario will be confirmed if pair manage to give a day closure above 1.5125 level then pair will continue its bullish trend towards 1.5260 level.

On the other hand, If pair didn’t manage to hold its support level 1.5000 then pair will fall rapidly towards southward and target 1.4950 level.

High impact News can affect the trend of GBP/USD. News like Non-Farm Employment Change, Unemployment Rate.

Jul
4

GBP/USD D1 Technical July 14

Yesterday cable manage to hold its support level 1.5100 and get a good bounce. Currently pair is trading at 1.5250 level. Now support is around 1.5197 level. Bollinger bands are providing sell signals for the pair.  Price action on 1.5197 should be carefully watch.

If GBP/USD manage to reached 1.5197 level and get a bounce then it will indicate bullish strength that will allow Cable to start moving towards northward and target 1.5260-300 level respectively.

On the other hand, If pair fails to hold its support level and H4 candle chart closure below support level then pair will rapidly start falling towards southward and target will be 1.5150-100 level respectively.

High impact Data’s can change the scenario. Data’s like Asset Purchase Facility, Official Bank Rate, MPC Rate Statement.

Jul
3

GBP/USD D1 Technical July 03

In early London session GBP/USD fall towards its support at 1.5120 level but get a strong bounce and target 1.5260 level. Bollinger bands are showing buy signals for the pair. If pair manage to break its resistance and H4 candle closure above 1.5270 level then it will allow pair to further move upward and target 1.5300-50-70 level respectively.

On the contrary, break through support level l open gates towards southward and pair will then continue its bearish trend towards 1.5000 level.

High impact News can affect the trend of GBP/USD. News like ADP Non-Farm Employment Change, Trade Balance, Unemployment Claims, ISM Non-Manufacturing PMI.

 

Jul
2

GBP/USD D1 Technical July 02

The structure or the Cable is not clear yet. Today range for the GBP is 1.5150-1.5270 level.  Bollinger bands are showing buy signal for the pair. There can be two scenario.

Firstly, If pair manage to break its support 1.5150 level and then it will allow pair to target 1.5100 level.  Secondly, if pair manage to hold its support level and H4 candle chart closure above support then it will take GBP/USD towards northward and pair will then target 1.5270 level which is today’s resistance.

High impact Data of GBP can affect the trend of Pair. Data like Construction PMI.

Jun
27

GBP/USD D1 Technical June 27

Cable is under pressure. Pair is expected to test its next support around 1.5260 level. Bollinger bands are providing sell signals for the GBP/USD. If pair manage to break through 1.5260 level and H4 or D1 candle closure below this level then it will show pair is more under pressure and GBP/USD rapidly fall towards southward and target 1.5200-160 level respectively.

But if pair fails to break its support level and get a bounce from its support then pair will start a new bullish trend and target 1.5415 level.

High impact News can affect the pair. News like Unemployment Claims, Pending Home Sales m/m, Current Account.

Jun
26

GBP/USD D1 Technical June 26

The key level is now 1.5400. Pair is expected to break this level and dropped further towards southward and target 1.5330-280 level. Price action on 1.5400 level should be watch. If cable manage to break this level then it will open gate towards  south and pair will then target 1.5330-270 level respectively.

But if GBP/USD manage to hold this level 1.5400 then it will take pair higher towards 1.5500-12 level. Break through 1.5512 level will take pair further upward and target 1.5550-5600 level respectively.

High impact News can change the scenario. News like BOE Gov King Speaks.

Jun
25

GBP/USD D1 Technical June 25

The outlook for the cable is bearish under 1.5512 level. Bollinger bands are showing sell signals for the pair. Today’s support lies at 1.5330 level. If GBP/USD manage to break through this level and H4 candle closure below this level then pair will dropped further towards south and target will be 1.5270 level.

On the other hand, Break through resistance 1.5512 level will allow pair to continue its uppish trend towards 1.5600 level.

High impact News can affect the movement of GBP/USD. News like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales, Inflation Report Hearings.

Jun
24

GBP/USD D1 Technical June 24

The outlook for the pair is now bearish below 1.5415 level. Bollinger bands are showing sell signals for the pair. But price action on 1.5415 level should be carefully watch.

If GBP/USD manage to break its resistance and H4 candle closure above 1.5415 then pair will move further towards northward. But if pair fails to break 1.5415 level and H4 candle closure below resistance level  then it will indicate more bearish strength that will take the pair towards 1.5260 level.

Jun
19

GBP/USD D1 Technical June 19

Yesterday cable a pull back from 1.5716 level and dropped around 155 pips. Bollinger bands are not providing clear signals yet.  Pair is expected to move up and test its resistance 1.5585 level.

If pair manage to break this level then GBP/USD will further move towards northward. The scenario will be vanished, if GBP/USD fails to break its resistance and H4 candle chart closure below  1.5585 level then it will indicate bearish potential and GBP/USD will then target southward.

High impact News can affect the movement of GBP/USD. News like FOMC Economic Projections, FOMC Statement, FOMC Press Conference, MPC Meeting Minutes, BOE Gov King Speaks.