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.


December 7, 2016
The pound extended its bullish momentum
If the pound retains its bid tone we suppose the pair will grow to 1.2800. Conversely, a downtrend will start as soon, as the pair drops below the support level 1.2700. In this scenario sellers will drive prices to 1.2600...
December 5, 2016
GBP/USD: under daily resistance
Bearish Ichimoku Cloud and rising Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen; all lines of Ichimoku Indicator are rising; but the prices are under the strong daily resistance; overbought market...
December 2, 2016
The pound edged higher on Thursday
The bullish views are getting more popular in the market. The pound extended its recovery after pushing away from 1.2400 handle. The pair broke 1.2500 in yearly trades and continued advancing upwards afterwards. Buyers climbed above the level 1.2600 ahead of the NY opening...
November 29, 2016
The pound edged lower
The pound bounced off the upper limit of its sideway channel on Monday. The price sharply fell towards 1.2400 in late Europe trades. After testing the level 1.2400 the price slowed down struggling with the level ahead of the NY opening...
November 28, 2016
GBP/USD: correction is coming
The price is consolidating above the local uptrend. Therefore, the pair is likely going to decline towards a support at 1.2476 – 1.2439 in the short term. Considering a “Double Bottom” pattern, bulls will probably try to achieve the nearest resistance at 1.2556 – 1.2584 later on...
November 25, 2016
GBP/USD: pound is still unsure
Reason: narrow bullish Ichimoku Cloud; a weak golden cross of Tenkan-sen and Kijun-sen; a support of Tenkan-sen, Kijun-sen and Senkou Span B...
November 18, 2016
Broadbent (BoE) on inflation and GBP
Bank of England Deputy Governor Ben Broadbent is speaking today in London. His speech refers to inflation and GBP...
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November 17, 2016
GBP/USD: pound saw a Shark
On the GBP/USD daily chart, a break of support at 1.2365 can lead to the activation of the "Shark" pattern. Its target 88.6% is located at 1.2125. Resistance is located near the 1,248 mark. If it is tested successfully, the second shoulder of the "Head and shoulders" pattern will be formed...
November 16, 2016
The pound remained under pressure and continued its slide
The strong UK Producer Price Index failed to support the pound which softened after a decline UK October's inflation figures...
November 10, 2016
Could Trump save Brexit-hit GBP/USD?
With many analysts making lots of comparisons between the outcome of US elections and Brexit, it is only right that we took a look at the cable today. Before that, let's just remind ourselves what actually happened overnight…
November 9, 2016
GBP/USD: bears going to test last low
We've got a consolidation under the 55 Moving Average. So, bears are likely going to reach a support at 1.2330, which could be a departure point for another upward movement...
November 7, 2016
The pound continued reversing its losses
According to the High Court’s decision the UK Government needs to get Parliamentary approval before starting the UK’s exit from the EU. This news supported the pound, boosting its upward momentum...
November 4, 2016
GBP/USD opened on a positive note
A better-than-expected UK’s Services PMI supported the pound on Thursday. Later the day sterling extended its rally when the BoE kept its rates on hold...
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November 2, 2016
British pound maintained its bid tone
UK Manufacturing PMI which came in below our estimates failed to support the pound. However, the British pound maintained its bid tone after Mark Carney's announcement to remain the BoE's governor until June 2019...
October 26, 2016
GBP/USD pair remained under pressure in a narrow range
Sellers continued to dominate in the market on Tuesday. The GBP/USD pair remained under pressure in a narrow range, trading a few pips above 1.2100...
October 24, 2016
The pound remained under pressure
The pound remained vulnerable on Friday. Sellers continued to dominate and were able to push the price lower. The pair moved below 1.2300 and approached the level 1.2200 in the European session on Friday. The GBP/USD pair broke the level before the NY opening...
October 19, 2016
The pound strengthened on the back of the positive Consumer Price index
The sterling remained in a range during the Tuesday’s trades. The price moved from its lower limit at 1.2130 and was able to escalate up to 1.2288 where the upward momentum faded. An attempt to recover was limited by the 50-EMA in the 4 hours chart...
October 18, 2016
The pound remained under pressure
The neutral phase that started last week is still intact. The cable gapped downwards at the open on Monday. The price jumped downwards from 1.2182 to 1.2153. The pair extended its losses after the gap and stayed in a tight range 1.2140 - 1.2200 during the course of the day...
October 6, 2016
GBP/USD fell to its lowest level
The GBP/USD may recover to reverse some of its losses. The pound could grow to 1.2840. Our near-term outlook is bearish. We expect the price to decline further...
October 4, 2016
Sterling softens further
The sterling headline writers have had their day as cable pushes past the post-Brexit lows, with cable now at levels last seen since 1985. This follows on from the weekend announcements regarding the Brexit timeline from the UK PM...
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...
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...
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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...