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Pound

Don't miss the great buy opportunity in GBPJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (129.06). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPJPY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 41. Take Profits: TP1= @ 131.00 TP2= @ 131.60 TP3= @ 133.00 SL= @ 128.00
Long
by ForecastCity_EU
GBPUSD more weakness expectedThe British pound remains vulnerable to further losses against the US dollar this week, following another heavily bearish weekly price close. Negative UK PMI services data later today could push the GBPUSD pair lower for a major test of the 1.2000 support level. In the near-term, if sterling bulls can regain control, they are likely to face strong resistance from the 1.2250 level. The GBPUSD pair is 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
GBPUSD limited bounceThe British pound has staged a bounce from the 1.2080 level against the US dollar, following a string of softer US macroeconomic data releases. Minor bounces back towards the 1.2200 resistance level may occur, although further downside towards the 1.2000 is still expected. Traders are also focused on the US monthly jobs report later today, with any downside shocks likely to be taken as negative for the US dollar. The GBPUSD pair is 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 1.2150 level, buyers may test towards the 1.2189 and 1.2220 levels.
by OctaFX_Official
GBPUSD 1.2000 on the cardsThe British pound has taken a heavy tumble from the 1.2200 level against the US dollar, leaving the multi-year low for the pair exposed. A bearish breakdown below the 1.2110 level should see the GBPUSD pair testing towards the 1.1985 to 1.2000 support region. The UK manufacturing PMI later today and Bank of England rate decision could also be bearish for the British pound. If the GBPUSD pair trades above the 1.2180 level, key resistance is found at the 1.2250 and 1.2310 levels. If the GBPUSD pair breaks below the 1.2110 level, sellers may test towards the 1.2050 and 1.2000 levels.
by OctaFX_Official
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.212. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.221. TP4: R2=1.2245. Set the stoploss of these orders at breakout of S2=1.21. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.21. In this situation, there is an expectation to reach the target S3=1.201. Set the stoploss of reverse orders at breakout of S1=1.212. 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=131.6. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=132.85. TP4: R2=133.3. Set the stoploss of these orders at breakout of S2=131.5. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=131.5. In this situation, there is an expectation to reach the target S3=130.6. Set the stoploss of reverse orders at breakout of S1=131.6. 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 1.2350 major supportThe British pound has opened the week on the back foot against the greenback after a heavily bearish price close below its former yearly trading low. The 1.2350 level offers the most significant technical support for the GBPUSD pair below the 1.2380 level. Bulls have major work ahead to move the GBPUSD pair back the 1.2525 resistance level to shift the bearish weekly bias. The GBPUSD pair is only bullish while trading above the 1.2525 level, key resistance is located at the 1.2570 and 1.2610 levels. If the GBPUSD pair trades below the 1.2400 level, key support is found at the 1.2350 and 1.2310 levels.
by OctaFX_Official
GBPUSD 1.2440 criticalThe British pound is starting to lose its recent gains against the US dollar after sellers forced the pair below the 1.2480 support level. The GBPUSD pair may launch its next upside move towards the 1.2550 level if bulls can hold price above the 1.2440 level. Bears need to hold price below the 1.2440 level to encourage more traders to enter back into the GBPUSD short trade. The GBPUSD pair is only bullish while trading above the 1.2480 level, key resistance is located at the 1.2525 and 1.2550 levels. If the GBPUSD pair trades below the 1.2480 level, key support is found at the 1.2460 and 1.2440 levels.
by OctaFX_Official
GBPUSD only bullish above 1.2480The British pound staged a solid rebound above the 1.2500 level against the US dollar on Wednesday, after bears failed to hold price below the 1.2440 level. The GBPUSD pair could start to test towards at least the 1.2600 level if bulls break through the 1.2525 resistance later today. Sellers need to hold price below the 1.2480 level to change the intraday sentiment towards the GBPUSD pair. The GBPUSD pair is only bullish while trading above the 1.2480 level, key resistance is located at the 1.2525 and 1.2600 levels. If the GBPUSD pair holds below the 1.2480 level, key support is found at the 1.2460 and 1.2430 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=134.65. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=135.35. TP4: R2=135.85. Set the stoploss of these orders at breakout of S2=134.4. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=134.4. In this situation, there is an expectation to reach the target S3=133.35. Set the stoploss of reverse orders at breakout of S1=134.65. 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
Don't miss the great sell opportunity in EURGBPTrading suggestion: . There is still a possibility of temporary retracement to suggested resistance line (0.8955). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURGBP is in a range bound and the beginning of downtrend is expected. . Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. . The RSI is at 26. Take Profits: TP1= @ 0.8890 TP2= @ 0.8840 TP3= @ 0.8680 SL= @ 0.9015
Short
by ForecastCity_EU
3
Don't miss the great buy opportunity in GBPNZDTrading suggestion: . There is a possibility of temporary retracement to suggested support line (1.8571). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . GBPNZD is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 66. Take Profits: TP1= @ 1.87411 TP2= @ 1.88947 TP3= @ 1.90835 SL= @ 1.8505
Long
by ForecastCity_EU
2
GBPUSD still on the ropesThe British pound remains under downside pressure against the US dollar after bears broke through the 1.2440 support zone on Tuesday. The current monthly and yearly low is the key level that GBPUSD sellers need to soon break, or short-term sellers may start to lose patience. The 1.2480 level is the immediate upside barrier that bulls need to break in order to encourage another test of the 1.2510 level. The GBPUSD pair is only bullish while trading above the 1.2480 level, key resistance is located at the 1.2510 and 1.2530 levels. If the GBPUSD pair holds below the 1.2480 level, key support is found at the 1.2380 and 1.2350 levels.
by OctaFX_Official
GBPUSD 1.2440 major supportThe British pound remains in the doldrums against the US dollar on Tuesday as the pair continues to meet fresh waves of selling around the 1.2500 resistance area. The GBPUSD pair could fall sharply if the 1.2440 support level is broken over the coming sessions. To the upside, bulls need to move price above the 1.2660 level to change the negative technical bias towards the pair. The GBPUSD pair is only bullish while trading above the 1.2510 level, key resistance is located at the 1.2530 and 1.2560 levels. If the GBPUSD pair holds below the 1.2510 level, key support is found at the 1.2440 and 1.2410 levels.
by OctaFX_Official
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2455. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.2515. TP4: R2=1.2555. Set the stoploss of these orders at breakout of S2=1.2435. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2435. In this situation, there is an expectation to reach the target S3=1.2345. Set the stoploss of reverse orders at breakout of S1=1.2455. 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 watching 1.2550The British pound continues to enjoy fresh buying interest against the US dollar as bulls hold price above the pivotal 1.2530 level. Further intraday gains above the 1.2550 level could propel the GBPUSD pair towards the 1.2610 resistance area. The GBPUSD pair will post a huge bullish weekly reversal candle if the daily candle closes above the former weekly open, at 1.2551. The GBPUSD pair is bullish while trading above the 1.2530 level, key resistance is located at the 1.2580 and 1.2610 levels. If the GBPUSD pair trades below the 1.2530 level, key support is found at the 1.2510 and 1.2480 levels.
by OctaFX_Official
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2495. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.256. TP4: R2=1.259. Set the stoploss of these orders at breakout of S2=1.2475. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2475. In this situation, there is an expectation to reach the target S3=1.2385. Set the stoploss of reverse orders at breakout of S1=1.2495. 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 1.2480 upcoming resistanceThe British pound continues to recovery against the greenback after the pair found solid technical support from the key 1.2380 level. Sterling traders are now awaiting UK retail sales data, with better than expected numbers likely to provoke a strong test of the 1.2480 area. Worse than expected UK retail sales data may see the GBPUSD pair sold back towards the 1.2415 support level. If the GBPUSD trades below the 1.2440 level, key support is located at the 1.2415 and 1.2380 levels. If the GBPUSD pair holds above the 1.2440 level, key resistance is found at the 1.2480 and 1.2510 levels.
by OctaFX_Official
GBPUSD 1.2380 now keyThe British pound remains extremely weak against the US dollar on Wednesday, following a breakout move below the current yearly trading low for the pair. If bulls can defend the 1.2380 level the GBPUSD pair could bounce back towards the 1.2470 level over the coming sessions. A breach of the 1.2380 level is likely to see the GBPUSD sold down towards the 1.2340 support region. The GBPUSD pair is only bullish while trading above the 1.2440 level, key resistance is found at the 1.2470 and 1.2510 levels. If the GBPUSD trades below the 1.2440 level, key support is located at the 1.2400 and 1.2380 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=133.9. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=134.95. TP4: R2=135.45. Set the stoploss of these orders at breakout of S2=133.7. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=133.7. In this situation, there is an expectation to reach the target S3=132.7. Set the stoploss of reverse orders at breakout of S1=133.9. 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 1.2530 keyThe British pound is struggling to recover higher against the US dollar, ahead of the release of key employment and wage data from the UK economy this morning. The GBPUSD pairs weekly pivot point, at 1.2530 is the key level to watch for signs of a directional bias. A lack of interest to hold the GBPUSD pair above the 1.2530 level may prompt a rebound back towards the 1.2580 area. The GBPUSD pair is only bullish while trading above the 1.2530 level, key resistance is found at the 1.2580 and 1.2610 levels. If the GBPUSD trades below the 1.2530 level, key support is located at the 1.2505 and 1.2470 levels.
by OctaFX_Official
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2475. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.254. TP4: R2=1.2575. Set the stoploss of these orders at breakout of S2=1.2455. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2455. In this situation, there is an expectation to reach the target S3=1.2365. Set the stoploss of reverse orders at breakout of S1=1.2475. 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 1.2610 now keyThe British pound has opened the new trading week on solid footing against the US dollar, following a strong weekly price around the 1.2570 level. GBPUSD bulls need to advance the pair above the 1.2610 level to encourage a test of the key 1.2660 area. Sustained weakness below the 1.2530 level may start to trouble the GBPUSD pair, placing the emphasis back on the 1.2505 level. The GBPUSD pair is bullish while trading above the 1.2550 level, key resistance is found at the 1.2610 and 1.2660 levels. If the GBPUSD trades below the 1.2550 level, key support is located at the 1.2530 and 1.2505 levels.
by OctaFX_Official