GBP/USD Forex Forecasts - Forex Trading Forecasts

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.

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GBPUSD approaching major resistance

Price is approaching major resistance at 1.2573. Fibonacci retracement, horizontal resistance...

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Pound surges on CPI figures

The Pound has surged forward in today’s trading after stronger than expected inflation figures...

Can GBP/USD Hold Above 1.2400 ?

Sterling has seen its third consecutive session of gains last Friday, as a result of the weakening of the dollar and a MPC (Monetary Policy Committee) member, Kristin Forbes, voted to raise rate this month, despite Brexit uncertainty and risks on economy...

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The pound weakened after the Parliament decision

The GBPUSD opened in red on Tuesday. The pound started the day above 1.2200. Sellers returned the price to the level in the Asian session. A bout of fresh bearishness emerged in the morning. The spot broke the level and sharply dropped to 1.2100...

The pound recovered amid profit taking

After three-day flat the pound found strength to leave it. An upward impetus emerged at the daily open. Buyers led the price to 1.2200 first and broke the hurdle in the European morning...

The pound spent the Asian session in a flat

The pound was hurt by another House of Lords decision to give the Parliament the right to veto whatever the PM does with the EU. Mrs. May has a new obstacle with Brexit negations...


The pound extended its consolidation phase

The pound refreshed its six-week lows against the dollar amid negative UK non-manufacturing PMI and increasing expectations of March interest rate hike in the USA...

The pound weakened on the back of bearish Manufacturing PMI

After weeks of fluctuation between 1.2500 - 1.2400 the pound finally moved lower the range. Sellers broke the 1.2400 handle in the late Tuesday and continued pushing the pound lower in the night...

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)...

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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...

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)...

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...


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...

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...

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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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...

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...

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...


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...

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...

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...


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)...

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...

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...


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...

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...

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...


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...

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...

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...


  


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