Markets

GBP/USD (Pound to Dollar) Forecast

1.2376
09:58:51(GMT)
0.0040
(0.32%)*Daily Change
Colin First
11 hours ago

GBP/USD Fundamental Analysis – week of January 23, 2017

GBPUSD began last week on a very weak note ahead of the speech from the UK PM May that was scheduled during the course of the week. Last weekend, we had several rumours swirling around and the UK press went to town stating that the UK economy would be in for some tough times as … Continue reading GBP/USD Fundamental Analysis – week of January 23, 2017

Christopher Lewis
11 hours ago

GBP/USD forecast for the week of January 23, 2017, Technical Analysis

The British pound bounced off of the 1.20 level underneath to form a very strong looking candle, engulfing the hammer from the previous week. If we can break above the 1.25 level above, I believe that the market will continue to go higher. In the meantime though, it’s probably easier to deal with this market … Continue reading GBP/USD forecast for the week of January 23, 2017, Technical Analysis

Christopher Lewis
11 hours ago

GBP/USD Forecast January 23, 2017, Technical Analysis

The GBP/USD pair initially fell during the session on Friday, but turned around to form a hammer. The hammer of course is a bullish sign, and it looks as if we’re going to reach towards the 1.25 level above. That is a massive amount of resistance though, so it’s not until we break above there … Continue reading GBP/USD Forecast January 23, 2017, Technical Analysis

Colin First
yesterday

GBP/USD Daily Fundamental Forecast – January 20, 2017

GBPUSD spent the day yesterday consolidating in the middle part of its range but with a bullish bias the strength of the dollar waxed and waned during the course of the day. There was not much economic data or events during the day which affected the pound or the dollar in any specific direction and … Continue reading GBP/USD Daily Fundamental Forecast – January 20, 2017

Christopher Lewis
2 days ago

GBP/USD Forecast January 20, 2017, Technical Analysis

The GBP/USD para rallied a bit during the session on Thursday, as we continue to grind sideways overall. At this point, it looks as if the markets are trying to figure out where to go next, but I do see a significant amount of resistance at the 1.25 handle. If we can break above there, … Continue reading GBP/USD Forecast January 20, 2017, Technical Analysis

Christopher Lewis
2 days ago

GBP/USD Forecast January 19, 2017, Technical Analysis

The British pound fell on Wednesday, but found enough support near the 1.2250 level to form a slightly supportive looking candle. The 1.25 level above is massively resistive, so I think somewhere near that area the sellers could get involved, but if we see an exhaustive candle in that area, I feel it’s likely that … Continue reading GBP/USD Forecast January 19, 2017, Technical Analysis

Colin First
3 days ago

GBP/USD Daily Fundamental Forecast – January 19, 2017

We had mentioned in our forecasts yesterday that the pound is unlikely to sustain the gains that it made following the speech from the UK PM May, where she laid down guidelines for the Brexit process and made it transparent that the process is likely to be a hard one. We had mentioned that it … Continue reading GBP/USD Daily Fundamental Forecast – January 19, 2017

Anil Panchal
3 days ago

Technical Outlook of EUR/USD, GBP/USD, USD/JPY And AUD/USD: 18.01.2017

EUR/USD While short-term ascending trend-channel indicates additional upside of the EURUSD, pair’s inability to surpass 1.0700 signal brighter chances of its pullback to 1.0630 nearby support. However, 50-day SMA figure of 1.0590 and the 23.6% Fibonacci Retracement of its August 2016 – January 2017 dip, at 1.0580, become important supports for traders to watch if … Continue reading Technical Outlook of EUR/USD, GBP/USD, USD/JPY And AUD/USD: 18.01.2017

Colin First
3 days ago

GBP/USD Daily Fundamental Forecast – January 18, 2017

It was all about the pound and the dollar yesterday and with both going opposite to each other in terms of strength, we saw some very large volatility in the GBPUSD pair, some which we had mentioned in our forecast. The speech from the UK PM May helped to clear some of the risks and … Continue reading GBP/USD Daily Fundamental Forecast – January 18, 2017

Christopher Lewis
4 days ago

GBP/USD Forecast January 18, 2017, Technical Analysis

The British pound skyrocketed after Teresa may suggested that the UK would be working very closely with the EU after the exit. I’m not sure why traders thought any different, but it’s obvious that the buyers have returned. I think there is a significant amount of resistance at the 1.25 handle above, so unless you … Continue reading GBP/USD Forecast January 18, 2017, Technical Analysis

Sylvester Stephen
4 days ago

Weekly Technical Outlook: GBP/USD; Market Forecasts for January 16th – January 20th

Resistance level 1.22388 Pivot Level 1.2185 Support Level 1.203358, 1.191482 and 1.184696 Technical Analysis Daily bias in GBP/USD remains bearish with 1.22388 resistances intact and deeper decline is still expected for the pair as long as resistance holds the area. The price action stays below resistances so far at this point and such a decline … Continue reading Weekly Technical Outlook: GBP/USD; Market Forecasts for January 16th – January 20th

Christopher Lewis
4 days ago

GBP/USD Forecast January 17, 2017, Technical Analysis

The British pound gap lower at the open on Monday, testing the 1.20 level underneath. This is an area that should be massively supportive, but I believe we are trying to get down below there, perhaps reaching towards the 1.15 level over the longer term. Any rally now will more than likely offer and exhaustive … Continue reading GBP/USD Forecast January 17, 2017, Technical Analysis

Colin First
5 days ago

GBP/USD Daily Fundamental Forecast – January 17, 2017

GBPUSD has been threatening to break down over the whole of last week but the weakness in the dollar had generally helped to mask the weakness in the pound to some extent. But we had been consistently mentioning in all our forecasts that the pound does look quite weak and there is nothing that will … Continue reading GBP/USD Daily Fundamental Forecast – January 17, 2017

Nenad Kerkez
5 days ago

Exclusive GBP/USD Analysis 16.01.2017

GBP/USD Common or Breakaway Gap? Talks about hard Brexit over the weekend, hit the pound hard. UK PM Theresa May is set to make a keynote speech on Brexit on January 15. The pound could be very volatile and any mention of hard Brexit will additionally hit the pound. Technically we can spot a retail … Continue reading Exclusive GBP/USD Analysis 16.01.2017

Colin First
6 days ago

GBP/USD Daily Fundamental Forecast – January 16, 2017

The GBPUSD pair finished the week last Friday on a very weak footing and has been finding it difficult to make and hold on to some of its gains. It is indeed a scary thought for the pound bulls to note that if the pair cannot hold on to its gains when the dollar is … Continue reading GBP/USD Daily Fundamental Forecast – January 16, 2017

Colin First
7 days ago

GBP/USD Fundamental Analysis – week of January 16, 2017

GBPUSD tried to make a breakout last week on the back of some serious dollar weakness but it ultimately fell back as we entered the second phase of the week. The main theme in the markets over the last week had been the weakness in the dollar and this opportunity was utilised by the bulls … Continue reading GBP/USD Fundamental Analysis – week of January 16, 2017

Christopher Lewis
8 days ago

GBP/USD forecast for the week of January 16, 2017, Technical Analysis

During the past week, the British pound initially started off by a selling off drastically. We reach towards the 1.20 level, which has been massive support as of late, and then bounced enough to form a hammer. The hammer is a very bullish sign, and thus I suspect that the buyers are going to be … Continue reading GBP/USD forecast for the week of January 16, 2017, Technical Analysis

Christopher Lewis
8 days ago

GBP/USD Forecast January 16, 2017, Technical Analysis

The GBP/USD pair went back and forth, forming a relatively neutral candle. There is a significant amount of support below though, as the 1.20 level underneath offers a major barrier. A break above the top of the shooting star from the Thursday candle tells me that the market wants to go to the 1.25 level … Continue reading GBP/USD Forecast January 16, 2017, Technical Analysis

Christopher Lewis
8 days ago

GBP/USD Forecast January 13, 2017, Technical Analysis

The GBP/USD pair tried to rally at the open on Thursday, but turned around to form a reasonably exhaustive candle. By doing so, the market looks as if it is going to continue to show quite a bit of choppiness and volatility. I still believe in the negativity when it comes to the British pound, … Continue reading GBP/USD Forecast January 13, 2017, Technical Analysis

Colin First
9 days ago

GBP/USD Daily Fundamental Forecast – January 13, 2017

Though the GBPUSD pair tried to finish higher for the day yesterday and it even managed to break through 1.2300, albeit briefly, during the day, the price action in the pound still does not seem to inspire any confidence in the bulls. As we mentioned, the dollar weakness across the markets helped to push the … Continue reading GBP/USD Daily Fundamental Forecast – January 13, 2017

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