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Pound

GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=130.05. TP4: R2=130.7. Set the stoploss of these orders at breakout of S2=128.55. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=128.55. In this situation, there is an expectation to reach the target S3=127.2. Set the stoploss of reverse orders at breakout of S1=129. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
GBPUSD hits 1.2310The British pound has surged to its highest trading level since late-July against the US dollar as dip-buyers retain control of the pair. The GBPUSD pair has hit its near-term bullish target, at 1.2310, although the larger upside objective is closer to the 1.2500 level. Bulls will need to hold price above the 1.2310 level to encourage additional buying towards the 1.2380 resistance area. The GBPUSD pair is only bearish while trading below the 1.2195 level, key support is found at the 1.2155 and 1.2100 levels. If the GBPUSD pair trades above the 1.2310 level, buyers may test towards the 1.2380 and 1.2480 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=129.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=130.4. TP4: R2=130.7. Set the stoploss of these orders at breakout of S2=129. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=129. In this situation, there is an expectation to reach the target S3=127.8. Set the stoploss of reverse orders at breakout of S1=129.35. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
Don't miss the great buy opportunity in GBPSGDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.6908). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPSGD is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 64. Take Profits: TP1= @ 1.7118 TP2= @ 1.7250 TP3= @ 1.7525 SL= Break below S2
Long
by ForecastCity_EU
Don't miss the great buy opportunity in GBPCHFTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.19815). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPCHF is in a down trend and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 60. Take Profits: TP1= @ 1.2105 TP2= @ 1.2333 TP3= @ 1.2676 SL= Break below S2
Long
by ForecastCity_EU
GBPUSD higher high in placeThe British pound remains well-supported against the US dollar in early Monday trade, after a fairly bullish weekly price close on Friday. The recent advance towards the 1.2300 level has created another higher high, further encouraging traders to buy the GBPUSD pair. Overall, the large inverted head and shoulders pattern on the lower time frame is projecting that pair could recover towards the 1.2500 level. The GBPUSD pair is only bearish while trading below the 1.2200 level, key support is found at the 1.2177 and 1.2150 levels. If the GBPUSD pair holds above the 1.2200 level, buyers may test towards the 1.2310 and 1.2380 levels.
by OctaFX_Official
GBPUSD 1.2310 major resistanceThe British pound has staged a strong upside rally against the US dollar, following the release of more positive news regarding Brexit negotiations. GBPUSD bulls have now triggered a bullish inverted head and shoulders pattern, with the 1.2480 level the overall target. The 1.2310 level is the next major resistance level to watch if bulls can maintain the GBPUSD pair above the 1.2250 level. The GBPUSD pair is only bearish while trading below the 1.2200 level, key support is found at the 1.2150 and 1.2080 levels. If the GBPUSD pair holds above the 1.2200 level, buyers may test towards the 1.2310 and 1.2360 levels.
by OctaFX_Official
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2195. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.227. TP4: R2=1.23. Set the stoploss of these orders at breakout of S2=1.2175. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2175. In this situation, there is an expectation to reach the target S3=1.2085. Set the stoploss of reverse orders at breakout of S1=1.2195. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
2
Don't miss the great buy opportunity in GBPUSDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.2195). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPUSD is in a down trend and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70. Take Profits: TP1= @ 1.2385 TP2= @ 1.2300 TP3= @ 1.2560 SL= Break below S2
Long
by ForecastCity_EU
GBPUSD new high neededThe British pound is still holding above the 1.2100 level against the US dollar, although the pace of recent gains has now started to slow down. Bulls need to move price above the current weekly trading high to encourage buying towards the 1.2200 level. Overall, a potential inverted head and shoulders pattern may be forming while price holds above the 1.2080 support region. The GBPUSD pair is only bearish while trading below the 1.2080 level, key support is found at the 1.2050 and 1.2020 levels. If the GBPUSD pair holds above the 1.2080 level, buyers may test towards the 1.2200 and 1.2250 levels.
by OctaFX_Official
GBPUSD targeting 1.2200The British pound has seen a strong bullish reversal against the US dollar, following the release of positive Brexit news on Tuesday. The recovery from the 1.2080 level has shown that short-term bulls are back in control of the GBPUSD pair and may soon target the 1.2200 level. Given the sentiment shift in the GBPUSD pair, buying dips is current the preferred intraday strategy. The GBPUSD pair is only bearish while trading below the 1.2080 level, key support is found at the 1.2050 and 1.2020 levels. If the GBPUSD pair moves above the 1.2080 level, buyers may test towards the 1.2200 and 1.2250 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.65. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=129.55. TP4: R2=130.05. Set the stoploss of these orders at breakout of S2=128.35. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=128.35. In this situation, there is an expectation to reach the target S3=127.25. Set the stoploss of reverse orders at breakout of S1=128.65. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2105. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.217. TP4: R2=1.219. Set the stoploss of these orders at breakout of S2=1.2085. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2085. In this situation, there is an expectation to reach the target S3=1.1995. Set the stoploss of reverse orders at breakout of S1=1.2105. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
GBPUSD 1.2150 rejectionThe British pound has started to give back recent gains against the US dollar following a strong technical rejection from the 1.2150 level. The recent rejection has also helped to form a large head and shoulders pattern across the lower time frames. Bears now need to force the GBPUSD pair back under the 1.2080 level to turn the intraday sentiment heavily bearish again. The GBPUSD pair is only bearish while trading below the 1.2080 level, key support is found at the 1.2055 and 1.2000 levels. If the GBPUSD pair holds above the 1.2080 level, buyers may test towards the 1.2155 and 1.2200 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=127.8. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=128.9. TP4: R2=129.25. Set the stoploss of these orders at breakout of S2=127.45. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=127.45. In this situation, there is an expectation to reach the target S3=126.3. Set the stoploss of reverse orders at breakout of S1=127.8. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
1
GBPUSD awaiting retail salesThe British pound remains vulnerable to further losses against the US dollar, ahead of the release of United Kingdom Retail Sales data this morning. Weaker than expected UK data could easily spark a bearish decline in the GBPUSD pair under the 1.2000 support level. Stronger data may support another run at the 1.2100 level, although GBPUSD bulls may need the pair to move lower to a more attractive price before moving in heavily. The GBPUSD pair is bearish while trading below 1.2080, key support is found at the 1.2000 and 1.1980 levels. If the GBPUSD pair trades above the 1.2080 level, buyers may test towards the 1.2160 and 1.2200 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=127.2. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=128.1. TP4: R2=128.55. Set the stoploss of these orders at breakout of S2=126.65. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=126.65. In this situation, there is an expectation to reach the target S3=125.25. Set the stoploss of reverse orders at breakout of S1=127.2. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.15. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=129.3. TP4: R2=129.6. Set the stoploss of these orders at breakout of S2=127.75. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=127.75. In this situation, there is an expectation to reach the target S3=126.5. Set the stoploss of reverse orders at breakout of S1=128.15. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Long
by ForecastCity_EU
GBPUSD 1.2080 saat ini kunciPound sterling Inggris memiliki sebuah bias harian netral terhadap dolar USA setelah sebuah pemulihan mengesankan dari atas level 1.2000 pada hari Senin. Level 1.2080 tetap menjadi kunci pijakan harian untuk pasangan GBPUSD dan sebuah kunci terobosan teknis level di sepanjang kerangka waktu yang lebih rendah. Jika bulls GBPUSD dapat mempertahankan harga di atas level 1.2080, kita harus mengharapkan sebuah pacuan kembali ke tingkat ketahanan 1.2200. Pasangan GBPUSD bearish ketika diperdagangkan di bawah level 1.2080, kunci dukungan berada pada level 1.2020 dan 1.1980. Jika pasangan GBPUSD diperdagangkan di atas level 1.2080, para pembeli kemungkinan akan menjajal 1.2160 dan 1.2200.
by OctaFX_Official
GBPUSD 1.2080 now keyThe British pound has a neutral intraday bias against the US dollar, after an impressive recovery from just above the 1.2000 level on Monday. The 1.2080 level remains the key intraday pivot for the GBPUSD pair and a key technical breakout level across the lower time frames. If GBPUSD bulls can hold price above the 1.2080 level, we should expect a rally back towards the 1.2200 resistance level. The GBPUSD pair is bearish while trading below 1.2080, key support is found at the 1.2020 and 1.1980 levels. If the GBPUSD pair trades above the 1.2080 level, buyers may test towards the 1.2160 and 1.2200 levels.
by OctaFX_Official
GBPUSD 1.2000 bounce or sinkThe British pound has fallen to yet another multi-year low against the US dollar, following the negative second-quarter GDP report from the UK economy. Dip-buyers may be looking to enter into GBPUSD slightly below the 1.2000 level as the pair is attractively priced. Overall, the key area to watch this week is the Brexit referendum spike, which is found just above the 1.1900 level. The GBPUSD pair is bearish while trading below 1.2200, key support is found at the 1.1980 and 1.1940 levels. If the GBPUSD pair trades above the 1.2200 level, buyers may test towards the 1.2250 and 1.2310 levels.
by OctaFX_Official
GBPUSD data focusThe British pound is trading on the back foot against the US dollar, ahead of the release of important second-quarter GDP data from the United Kingdom economy. A break below the 1.2080 level will start to put the psychological 1.2000 support level in focus. Better than expected United Kingdom GDP data may see a strong rally back towards the pivotal 1.2250 resistance level. The GBPUSD pair is only bearish while trading below 1.2200, key support is found at the 1.2080 and 1.2000 levels. If the GBPUSD pair trades above the 1.2200 level, buyers may test towards the 1.2250 and 1.2310 levels.
by OctaFX_Official
GBPUSD fails at 1.2200 againThe British pound is back under downside pressure against the US dollar after the pair suffered a hard technical rejection from the 1.2200 resistance level. The GBPUSD pair may test back towards the 1.2080 level as upside momentum starts to fade again. Overall, traders may start to exit positions ahead of the release of the main weekly market mover for sterling, second-quarter GDP data from the UK economy. The GBPUSD pair is only bearish while trading below 1.2250, key support is found at the 1.2080 and 1.2000 levels. If the GBPUSD pair trades above the 1.2250 level, buyers may test towards the 1.2310 and 1.2350 levels.
by OctaFX_Official