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Pound

GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=135.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=136.3. TP4: R2=136.75. Set the stoploss of these orders at breakout of S2=135.15. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=135.15. In this situation, there is an expectation to reach the target S3=134.15. Set the stoploss of reverse orders at breakout of S1=135.35. 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
GBPUSD 1.2530 now keyThe British pound has made a recovery above the 1.2500 level against the greenback, following FED Chair Powell’s dovish testimony yesterday. Bulls need to hold price above the 1.2530 level in order to advance the GBPUSD pair back towards the 1.2580 resistance level. Failure around the 1.2530 level may prompt another round of heavy technical selling back towards the 1.2480 price zone. The GBPUSD pair is only bearish while trading below the 1.2530 level, key support is found at the 1.2505 and 1.2480 levels. 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.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=135.35. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=136.3. TP4: R2=136.75. Set the stoploss of these orders at breakout of S2=135.15. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=135.15. In this situation, there is an expectation to reach the target S3=134.15. Set the stoploss of reverse orders at breakout of S1=135.35. 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
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.25. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.2555. TP4: R2=1.259. Set the stoploss of these orders at breakout of S2=1.248. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.248. In this situation, there is an expectation to reach the target S3=1.239. Set the stoploss of reverse orders at breakout of S1=1.25. 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 soft bounceThe British pound is attempting to recover above the 1.2500 level against the US dollar, after finding interim support from the 1.2480 level on Friday. The bullish inverted head and shoulders pattern has been invalidated on the lower time frames, although the multi-year low around the 1.2430 remains unbroken. The 1.2505 level is now the key daily and weekly pivot point to watch for the GBPUSD pair. The GBPUSD pair is heavily bearish while trading below the 1.2505 level, key support is found at the 1.2480 and 1.2445 levels. GBPUSD pair is only bullish while trading above the 1.2570 level, key resistance is found at the 1.2610 and 1.2660 levels.
by OctaFX_Official
GBPUSD 1.2548 interim supportThe British pound continues to trade below the 1.2600 level against the US dollar in early Thursday trade, with the pair suffering three days of consecutive losses. The 1.2548 level is now interim support, with the 1.2505 level major weekly support for the GBPUSD pair. The four-hour time frame shows that a bullish inverted head and shoulders pattern is close to being invalidated. The GBPUSD pair is bearish while trading below the 1.2610 level, key support is found at the 1.2548 and 1.2510 levels. GBPUSD pair is only bullish while trading above the 1.2610 level, key resistance is found at the 1.2660 and 1.2700 levels.
by OctaFX_Official
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.254. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.259. TP4: R2=1.2615. Set the stoploss of these orders at breakout of S2=1.2505. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2505. In this situation, there is an expectation to reach the target S3=1.24. Set the stoploss of reverse orders at breakout of S1=1.254. 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 1.2520 in focusThe British pound has dropped sharply lower against the US dollar, following bearish comments from Bank of England Governor Mark Carney. The 1.2520 support level is likely to come into focus now that the 1.2610 level has been convincingly breached. UK PMI Services data is likely to be the main mover for the GBPUSD pair this morning, with a negative number expected to weigh heavily on the GBPUSD pair. The GBPUSD pair is heavily bearish while trading below the 1.2610 level, key support is found at the 1.2520 and 1.2460 levels. GBPUSD pair is only bullish while trading above the 1.2660 level, key resistance is found at the 1.2710 and 1.2730 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=136.7. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=137.5. TP4: R2=137.8. Set the stoploss of these orders at breakout of S2=136.5. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=136.5. In this situation, there is an expectation to reach the target S3=135.5. Set the stoploss of reverse orders at breakout of S1=136.7. 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 1.2685 near-term supportThe British pound has opened the new trading month on the back foot against the US dollar, following a heavy technical rejection from the 1.2730 area on Friday. UK PMI Services data and ISM Manufacturing data are the big drivers for the GBPUSD pair today. Continued weakness is likely to prompt a technical test of the key 1.2660 level, which is likely to act as a key defense or the next bearish trigger level for the pair. The GBPUSD pair is only bullish while trading above the 1.2685 level, key resistance is found at the 1.2730 and 1.2780 levels. If the GBPUSD pair trades below the 1.2685 level, key support is found at the 1.2660 and 1.2610 levels.
by OctaFX_Official
GBPUSD soft ahead of UK GDPThe British pound is softening towards key weekly support aginst the US dollar ahead of the release of GDP data from the UK economy this morning. A worse than expected GDP number could see the GBPUSD pair break the 1.2660 support level and test towards at least the 1.2610 area. If bulls can hold support the GBPUSD pair could start to edge back towards the 1.2710 resistance level. The GBPUSD pair is only bullish while trading above the 1.2710 level, key resistance is found at the 1.2775 and 1.2810 levels. If the GBPUSD pair trades below the 1.2660 level, key support is found at the 1.2610 and 1.2550 levels.
by OctaFX_Official
GBPUSD back to 1.2710The British pound has gradually edged back under the 1.2700 level against the US dollar after bears failed to break the 1.2710 resistance level. The GBPUSD pair is currently neutral until a clear technical break from the 1.2660 to 1.2710 price range occurs. Overall, the GBPUSD pair is likely to be driven by the slew of macroeconomic data being released from the UK and US economies on Friday. The GBPUSD pair is only bullish while trading above the 1.2710 level, key resistance is found at the 1.2810 and 1.2840 levels. If the GBPUSD pair trades below the 1.2660 level, key support is found at the 1.2600 and 1.2550 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=136.3. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=137.1. TP4: R2=137.5. Set the stoploss of these orders at breakout of S2=136.05. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=136.05. In this situation, there is an expectation to reach the target S3=135. Set the stoploss of reverse orders at breakout of S1=136.3. 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 1.2660 bearish pivotThe British pound has reversed sharply from the 1.2780 level against the US dollar as UK political woes once again force the pair lower. A sustained break of the pivotal 1.2660 level could send the GBPUSD pair back towards its former weekly trading low. Bulls need to move the pair back above the 1.2710 resistance level in order to encourage intraday bulls back into the market. The GBPUSD pair is bullish while trading above the 1.2710 level, key resistance is found at the 1.2730 and 1.2780 levels. If the GBPUSD pair trades below the 1.2710 level, key support is found at the 1.2660 and 1.2520 levels.
by OctaFX_Official
GBPUSD bullish above 1.2730The British pound is attempting to gain upside momentum against the greenback after slipping back towards the 1.2700 level in early week trade. GBPUSD bulls need to sustain price above the 1.2730 level and stage a breakout above the 1.2770 resistance level. Losses below the 1.2710 level may provoke a much deeper technical correction towards the 1.2660 support level. The GBPUSD pair is only bullish while trading above the 1.2730 level, key resistance is found at the 1.2770 and 1.2840 levels. If the GBPUSD pair trades below the 1.2730 level, key support is found at the 1.2710 and 1.2660 levels.
by OctaFX_Official
GBPUSD berhati-hati untuk terobosanPound Sterling Inggris memperoleh pijakan terhadap greenback pada hari Senin setelah indeks dolar USA menderita kerugian besar pada hari Jumat. Sebuah pergerakan berkelanjutan ke atas level ketahanan 1.2770 dapat memicu sebuah terobosan dalam pasangan GBPUSD menuju setidaknya level 1.2840. Jika para penjual gagal di kisaran area kunci ini, sebuah penurunan dan uji teknis kembali ke level 1.2710 seharusnya bisa diharapkan. Pasangan GBPUSD hanya bullish ketika diperdagangkan di atas level 1.2730, kunci ketahanan berada pada level 1.2770 dan 1.2840. Jika pasangan GBPUSD diperdagangkan di bawah level 1.2730, kunci dukungan berada pada level 1.2710 dan 1.2660.
by OctaFX_Official
GBPUSD watch for a breakoutThe British pound is gaining ground against the greenback Monday after the US dollar index suffered heavy losses on Friday. A sustained move above the 1.2770 resistance level could spark a breakout in the GBPUSD pair towards at least the 1.2840 level. If sellers fail around this key area a decline and technical test back towards the 1.2710 level should be expected. The GBPUSD pair is only bullish while trading above the 1.2730 level, key resistance is found at the 1.2770 and 1.2840 levels. If the GBPUSD pair trades below the 1.2730 level, key support is found at the 1.2710 and 1.2660 levels.
by OctaFX_Official
GBPUSD overdue for a correctionThe British pound is starting to appear overstretched around the 1.2700 level against the US dollar as a number of key downside risks for sterling still remain place. A deeper bearish correction may see the GBPUSD pair test back towards the 1.2600 level. GBPUSD bulls need to maintain price above the 1.2730 resistance level to inspire further buying towards the 1.2770 level. The GBPUSD pair is only bullish while trading above the 1.2700 level, key resistance is found at the 1.2730 and 1.2755 levels. If the GBPUSD pair trades below the 1.2700 level, key support is found at the 1.2645 and 1.2600 levels.
by OctaFX_Official
GBPUSD 1.2700 now keyThe British pound has staged a powerful upside rally against the US dollar, ahead of the Bank of England rate decision later today. The GBPUSD pair has a strong bullish bias while trading above the 1.2645 level and may soon test the 1.2700 level. Weakness below the 1.2645 level may trigger a sell-off in the GBPUSD, especially if the Bank of England offers dovish commentary today. The GBPUSD pair is only bearish while trading below the 1.2645 level, key support is found at the 1.2630 and 1.2600 levels. If the GBPUSD pair trades above the 1.2645 level, key resistance is found at the 1.2700 and 1.2745 levels.
by OctaFX_Official
GBPUSD Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=1.2605. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=1.267. TP4: R2=1.2705. Set the stoploss of these orders at breakout of S2=1.2585. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=1.2585. In this situation, there is an expectation to reach the target S3=1.2495. Set the stoploss of reverse orders at breakout of S1=1.2605. 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 awaiting inflation dataThe British pound remains under pressure towards the key 1.2560 level against the US dollar, ahead of the release of UK inflation data this morning. The 1.2560 level is a key pivot for the GBPUSD pair, with further intraday weakness expected if bulls fail to secure price above this area. An upcoming test of the 1.2500 level is still expected due to broad-based strength in the US dollar index. The GBPUSD pair is heavily bearish while trading below the 1.2560 level, key support is found at the 1.2500 and 1.2460 levels. If the GBPUSD pair trades above the 1.2560 level, key resistance is found at the 1.2600 and 1.2655 levels.
by OctaFX_Official
GBPJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=135.8. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=136.55. TP4: R2=136.9. Set the stoploss of these orders at breakout of S2=135.4. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=135.4. In this situation, there is an expectation to reach the target S3=134.2. Set the stoploss of reverse orders at breakout of S1=135.8. 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
GBPUSD stops triggeredThe British pound has slumped to its weakest level against the greenback since January 3rd this year, after bears moved the pair below the key 1.2560 level. Continued weakness below the 1.2500 level is increasingly likely as UK political uncertainty is driving the pair lower. GBPUSD bears are likely to aim for the December low, while bulls may look for a better risk-reward entry if this key low is unable to be broken. The GBPUSD pair is heavily bearish while trading below the 1.2600 level, key support is found at the 1.2500 and 1.2460 levels. If the GBPUSD pair trades above the 1.2600 level, key resistance is found at the 1.2630 and 1.2655 levels.
by OctaFX_Official