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.


February 20, 2017
GBPUSD take our profits and turn bullish
We close off our short position and lock in our profits from last week. We now turn bullish above 1.2384 support (horizontal support, Fibonacci retracement, Fibonacci extension) for a push up to 1.2521 resistance (Fibonacci retracement, horizontal swing high resistance)...
February 16, 2017
GBP/USD Trades Below Convergence of Two Major Resistances
GBP/USD has rebounded since 16th January, trading above the downside short-term major uptrend line support...
February 6, 2017
GBPUSD prepare to turn bullish
We prepare to turn bullish on GBPUSD above major support at 1.2433 (Fibonacci retracement, Fibonacci projection, horizontal overlap support) for a bounce up to 1.2563 resistance (Fibonacci retracement, horizontal pullback resistance)...
January 30, 2017
GBPUSD Retreats After Hitting a Six-Week High
Theresa May visited President Trump on Friday 27th Jan in Washington – she was the first foreign leader to visit the new US president...
January 25, 2017
The pair continued its slide towards 1.2450
Traders booked some profits ahead of the UK Supreme Court's decision on Brexit. The Supreme Court had to decide whether Parliament approval is required to launch Article 50...
January 24, 2017
GBP/USD: pound reached daily resistance
Bullish Ichimoku Cloud with narrowing diapason; a golden cross of Tenkan-sen and Kijun-sen; the prices are under pressure of the strong daily resistance (waiting for correction); support of Tenkan and Kijun...
January 23, 2017
The pound lost its impetus amid worse than expected Retail Sales
The Asian recovery stalled a few pips below 1.2400. After posting a daily high at 1.2374 the spot turned around and headed towards 1.2300. Sellers broke the level in the mid-European session and led the pair towards 1.2250...
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January 16, 2017
GBPUSD pair could gain momentum
The US dollar strengthened on the back of upbeat Producer Price Index. Meanwhile, the Cable had to retreat amid a stronger dollar and renewed concerns over a hard Brexit...
January 13, 2017
GBP/USD establishes a major 1.20 double-bottom - now what?
GBP/USD most recent drop has not been due to dollar-strength, as the greenback has generally been in pullback mode since the beginning of the new year. Rather, sterling has continued to be haunted by the looming prospect of the UK’s formal separation from the European Union, otherwise known as Brexit...
January 5, 2017
GBPUSD Trade Below Major Resistance, Eyes on FOMC and Supreme Court Decision
Yesterday the UK Markit Manufacturing PMI was released, rose to 56.1 in Dec from 53.6 in Nov, surpassing expectations of 53.0, and marking the best reading since Jun 2014...
December 28, 2016
The dollar strengthened versus the pound
The pound was in a consolidation during the first part of Tuesday. The pair was hanging below 1.2300 before a fresh selling interest weighed on the major. Traders pushed the pair lower towards last week low at 1.2227. According to the 1 hour chart the price bounced off the 50-EMA downwards...
December 23, 2016
GBPUSD bounces off the lows on UK data
The GBPUSD has moved off its lows in the past hour after UK final GDP was revised higher for the third quarter to 0.6%. Price fell to a low of 1.2244 just prior to the release but saw a move higher of around 40 pips following the positive data...
December 20, 2016
GBPUSD remain bullish above key support
Price has dropped further, we now remain bullish above 1.2382 support (fibonacci projection, horizontal swing low, bullish candlestick reversal) for a bounce up to 1.2555...
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December 19, 2016
GBPUSD bouncing perfectly above our buying level, remain bullish
Price has bounce perfectly off our buying level previously. We now remain bullish above 1.2455 (fibonacci retracement, horizontal overlap support) looking to play the intermediate correction up to 1.2555 resistance (fibonacci retracement, horizontal pullback resistance)...
December 14, 2016
The pound strengthened on better than expected
The British currency has been trading bullish this week. After retaking the major 1.26 handle the pound extended its advance to fresh 1-week highs at 1.27. Buyers met sellers’ resistance around the level and struggled hard to break it through...
December 13, 2016
The pound remained weak against the US dollar
The dollar weakened across the board. Still, the greenback stays at recent highs amid the 100% confidence that the FED will hike the rates...
December 12, 2016
GBP/USD: bears going to break trend
The price faced a support at 1.2556, which was strengthened by the local uptrend. Therefore, bears are likely going to achieve the 89 Moving Average in the short term. If a pullback from this line happens...
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...
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...
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...