GBP/USD Forecast

GBP/USD (British Pound/US Dollar) currency pair is one of the most volatile and dynamic instruments, which is the reason for its popularity. This currency can be found in the trading portfolio of lots of traders. GBPUSD analytics and forecasts for today, tomorrow and for a week are prepared by expert analysts, who are at the same time are practicing traders. The forecasts are based on the technical analysis, news, and analytical data. They show the expected direction of movement, levels of resistance or support.


September 26, 2016
Brexit talks burdening sterling
The start of the week is seeing sterling breaking lower as the talk, from both the UK and also beyond, is of a hard Brexit. This follows on from the state of flux that has been in place since the vote back in June, during which the shape of Brexit has been very hard for anyone to determine...
September 22, 2016
The pound weakened against the dollar
The pair seems to continue with the recovery in the European session on Wednesday. The price bounced off the boarder of the oversold zone. The sterling was able to erase some loses turning higher. The GBP/USD traded near 1.3000 in the middle of the European trade on Wednesday...
September 9, 2016
The pound softened on the back of the weaker Manufacturing Production report
The bullish tone that started mid August remains firm in place. The GBP/USD is in an ascending channel, close to its lower limit. The pair got under the selling pressure and is falling towards 1.3200 now. The 50-EMA is crossing the 200 and 100 EMAs upwards...
September 1, 2016
GBP/USD pair showed a mixed dynamics
The indicators (MACD and RSI) generate a sell signal. The price is returning below the 50 and 100 EMAs in the 4 hours chart. The moving averages direction is downwards which is a sell signal...
August 30, 2016
GBP/USD was under pressure on Monday
The pound extended its decline against the U.S dollar on Monday. The pair broke the 1.3100 level and consolidated below it. The current resistance is seen at 1.3100, the support exists at 1.3000...
August 17, 2016
Pound jumps on inflation figures
The pound has rebounded strongly sharply on the back of strong inflation figures which many investors attribute to the sharp fall in the local currency after Brexit...
August 16, 2016
The pound erased its latest gains
The pound remained under pressure, the sterling continued to approach the 31-yeal low. The instrument suffered a short lived downward movement, traders pushed the price below 1.2900.The current resistance is seen at 1.2900, the support exists at 1.2700...
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August 9, 2016
GBPUSD Significant Support 1.30 Broken Hit One-Month Low
Earlier today the Sterling hit a one-month low, as the Bank of England policymaker Ian McCafferty commented that more quantitative easing was likely to be required if the UK’s economic decline worsens. In addition, a series of UK economic data released today also weighed on Sterling...
August 5, 2016
The sterling showed a sharp drop
The pound had a negative day on Thursday. The GBP/USD had a sharp drop to the support 1.3100 area where the downward impulse faded. The Sterling lost about 1.60% during the course of the day. The current resistance is seen at 1.3300, the support exists at 1.3100...
August 4, 2016
GBP/USD braces for BoE rate decision
Thursday brings the highly anticipated rate decision and monetary policy summary from the Bank of England (BoE), the second such decision from the central bank after the historic EU referendum in late June that resulted in the UK voting to leave the EU (Brexit)...
August 2, 2016
The pound dropped on Monday trades
The technical picture presents a slightly bullish tone. The GBP/USD pair tried to regain the 1.3200 level. However, the negative UK Markit’s manufacturing PMI weighed on the pound which retreated from the daily highs. The instrument is currently trading around 1.3200...
July 26, 2016
GBP remained unchanged at the start of the new week
The USA dollar remained unchanged due to the moderate risk appetite. The optimistic USA statistics together with weakness of the pound supported the dollar...
July 8, 2016
GBP/USD completes wave-4 at 50% Fib
The EUR/USD needs to break below the support (green lines) levels before a wave 3 (green) continuation is possible and likely. For the moment a larger wave 2 (brown) correction seems to be taking place via a WXY (purple)...
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July 7, 2016
GBP/USD in ABC consolidation within wave 4
The GBP/USD has not continued with its bearish breakout yesterday and is building a bullish retracement. As the 1 hour chart shows, there is still space for further GBP weakness and a continuation of the wave 5 (blue)...
July 6, 2016
GBP/USD plunges below 1.30 support
The GBP/USD broke the consolidation pattern by pushing below the support trend line (dotted green). Price is now in a bearish momentum heading towards the bearish Fibonacci targets...
July 5, 2016
GBP/USD analysis for July 05, 2016
The pair traded at the previous week close levels. The price spent the day in a narrow flat within 1.3330 - 1.3230. The resistance is at 1.3300, the support comes in at 1.3100...
July 1, 2016
GBP/USD breakout below bearish chart patterns
The GBP/USD has pushed with a strong 4 hour candle below the bear flag (green line) chart pattern. The breakout will most likely have bearish implications and price could continue with its bearish momentum towards the next Fibonacci target...
June 28, 2016
Lower low on GBP/USD challenges 1.30 round level
The GBP/USD seems to be extending its correction of wave 4 (blue) via an ABC (pink). A break below the 138.2% invalidates wave B (pink) and makes a downtrend continuation likely. The wave 4 (blue) wave count is invalidated if price were to break above the 61.8% Fibonacci retracement...
June 27, 2016
Further GBP weakness expected
The GBP/USD took a strong hit and made a nose dive from 1.50 to 1.32 when the Brexit results were released. The first target of the wave C (green) has been hit and reached but further bearish pressure could mean an extension to the next Fibonacci 127.2% target at 1.25...
June 24, 2016
Great British Pound dramatically crashes
First news reports have confirmed that pro Brexit voters, the people in favour of the United Kingdom leaving the European Union have won the referendum by a slim margin of roughly 51% versus 49%...
June 20, 2016
GBP/USD analysis for June 20, 2016
The advertising campaigns in the UK were stopped due to the Joe Coxs murder (the Member of Parliament). The demand for the dollar remained weak as the main Central Banks may conduct a joint operation to inject dollar liquidity to the market in case of Brexit...

June 10, 2016
GBP/USD analysis for June 10, 2016
The pair GBP/USD was less volatile yesterday. The price spent the day in the narrow range: 1.4525 – 1.4440. Sellers tried to push the price down but failed and the price spent the day at the level of 1.4480. The resistance lies at 1.4560, the support is at 1.4480...
June 3, 2016
GBP/USD waves simply explain roller coaster moves
The GBP/USD is building a small corrective pattern (red/green) after hitting the 23.6% Fibonacci level. A break above resistance could start the correction within wave 2...
May 31, 2016
GBP/USD analysis for May 31, 2016
The pair GBP/USD continued its correction from the recent high near 1.4760. Yesterday the trading was low volatile due to Spring Bank Holiday in the UK. The price was traded at the opening price level almost the whole day. Only by the end of the day the pair slightly increased...
May 26, 2016
GBPUSD break long-term resistance
The GBP/USD bullish price action had sufficient momentum to break above the long-term resistance trend line (dotted red). The wave count has been changed to a bullish ABC zigzag (pink) reflect the bullish breakout...
May 23, 2016
GBP/USD analysis for May 23, 2016
Investors positively accepted the new survey data regarding Brexit (from ComRes/ITV ). According to the poll: 52% of UK people would vote against Brexit which supported the pound. The UK published Industrial Trends Survey - Orders (-8 vs. forecast -13)...
May 16, 2016
GBPUSD break of support lines verify ABC zigzags
The GBP/USD broke one of the long-term support trend lines (dotted green) and confirms a downtrend continuation. The ABC could also turn out to be a 123 if price can break below the long-term trend support (dark green)...
May 9, 2016
GBPUSD at risk of a dip to 1.42 if current support fails
Friday jobs report was soft, but the US dollar managed to hold its ground. However, a further continuation from Friday price action is needed to confirm the continuation of the prices...


May 6, 2016
GBP/USD analysis for May 06, 2016
The pound is expected to remain under pressure. Service PMI showed a decrease (52.3 vs. forecast 53.5). According to the US Labor Department the initial jobless claims number grew to 274K last week...
May 5, 2016
GBPUSD is showing Reverse Bullish Divergence
The GBPUSD Construction PMI results and renewed concerns over Brexit have weighted down on the pair and it dropped touching the important level 1.4665 making a double bottom...
April 26, 2016
GBP/USD analysis for April 26, 2016
The sterling grew after Obama speech (the US President). According to Barack Obama the UK will get in the end of line concerning the trade agreement with the United States if the country leaves the EU alliance. The UK GDP report for the first quarter is the main event in the country for this week...