Markets

GBP/USD (Pound to Dollar) Forecast

1.2733
09:58:04(GMT)
0.0147
(1.17%)*Daily Change
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Christopher Lewis
yesterday

GBP/USD forecast for the week of December 5, 2016, Technical Analysis

The British pound initially fell during the week but turned around to continue the upward channel that we have been in. The fact that we are broken above the 1.25 level is a good sign, but I believe there is more resistance above at the 1.2850 handle. I think that the market will reach towards … Continue reading GBP/USD forecast for the week of December 5, 2016, Technical Analysis

Christopher Lewis
yesterday

GBP/USD Forecast December 5, 2016, Technical Analysis

The GBP/USD pair broke higher during the day on Friday, as we start to approach the 1.27 level yet again. This is an area that I think will break, and once it does we will probably make an attempt to reach the 1.2850 level above. This area is supportive in the past, so it should … Continue reading GBP/USD Forecast December 5, 2016, Technical Analysis

Christopher Lewis
2 days ago

GBP/USD Forecast December 2, 2016, Technical Analysis

The GBP/USD pair rallied at the beginning of the session on Thursday, but turned around to form a shooting star. If we break down below here, I think that the market will simply continue the overall consolidation that we’ve seen recently. Having said that, today is the employment announcement coming out of the United States … Continue reading GBP/USD Forecast December 2, 2016, Technical Analysis

Colin First
2 days ago

GBP/USD Daily Fundamental Forecast – December 2, 2016

GBPUSD, free from the burden of the month end flows, had a very bullish day yesterday. In the first part of the week, we had seen that the pound had been under pressure from the month end flows and it was consolidating on either side of 1.2500 but we had mentioned in our forecasts that … Continue reading GBP/USD Daily Fundamental Forecast – December 2, 2016

Colin First
3 days ago

GBP/USD Monthly Fundamental Forecast – December 2016

Despite the tight range in GBPUSD for last month, what really stood out for all to see was the remarkable resilience of the pound to combat the strength in the dollar. Though the dollar was weak immediately after the results were announced for the US Presidential elections, the dollar began to strengthen a great deal … Continue reading GBP/USD Monthly Fundamental Forecast – December 2016

Christopher Lewis
3 days ago

GBP/USD Forecast December 1, 2016, Technical Analysis

The British pound initially fell at the open on Wednesday, but turned around at the 1.24 region to bounce and form a hammer. The hammer sits right just below the 1.25 handle, and because of this I believe that we may break out to the upside but quite frankly I don’t want to be bothered. … Continue reading GBP/USD Forecast December 1, 2016, Technical Analysis

Colin First
3 days ago

GBP/USD Daily Fundamental Forecast – December 1, 2016

GBPUSD, as expected, did have a lot of volatility in the closing days of the month. This is a general phenomenon more to do with EURGBP rather than with the pound itself. With the month end approaching, we see many payments go through on either side of the UK border and one of the big … Continue reading GBP/USD Daily Fundamental Forecast – December 1, 2016

Anil Panchal
4 days ago

Technical Checks: GBP/USD, GBP/JPY, GBP/AUD And GBP/NZD

GBP/USD Even as month-old ascending trend-line favors the GBPUSD upside, the pair recently found it difficult to surpass 1.2525-35 horizontal resistance, comprising 23.6% Fibonacci Retracement of its late-October – November upside. At present, the quote signals aforementioned TL retest, at 1.2395, breaking which 1.2350 and the 61.8% Fibo level of 1.2305 may provide consecutive rests … Continue reading Technical Checks: GBP/USD, GBP/JPY, GBP/AUD And GBP/NZD

Christopher Lewis
4 days ago

GBP/USD Forecast November 30, 2016, Technical Analysis

The GBP/USD pair rallied at the open on Tuesday, testing the 1.25 handle. This is a market that continues to see a lot of volatility in this area, and as a result I think it can be difficult to trade this pair. I prefer selling, at least from a longer-term perspective, but quite frankly it’s … Continue reading GBP/USD Forecast November 30, 2016, Technical Analysis

Colin First
4 days ago

GBP/USD Daily Fundamental Forecast – November 30, 2016

We had mentioned in one of our forecasts last week that considering the strength that the pound has been exhibiting since the end of the US elections amidst all the dollar onslaught, the GBPUSD pair is likely to gain the most if and when the dollar weakness returns and this is what we have been … Continue reading GBP/USD Daily Fundamental Forecast – November 30, 2016

Christopher Lewis
5 days ago

GBP/USD Forecast November 23, 2016, Technical Analysis

The GBP/USD pair initially tried to rally on Monday but found the 1.25 level to be far too resistive. Ultimately, this is a market that continues to bounce around just below that handle so I really don’t have any interest in trading this market at the moment. Given enough time, we should get some type … Continue reading GBP/USD Forecast November 23, 2016, Technical Analysis

Colin First
5 days ago

GBP/USD Daily Fundamental Forecast – November 29, 2016

The pound received a pounding yesterday as a combination of mild USD strength and month end flows pushed the GBPUSD pair from the highs of over 1.2500 to under 1.2400. Towards the end of every month,we see a lot of selling of GBP as the UK has to pay the EU membership fees (worth billions). … Continue reading GBP/USD Daily Fundamental Forecast – November 29, 2016

Nenad Kerkez
6 days ago

Exclusive GBP/USD Analysis 28.11.2016

GBP/USD Month End Flows Have The Strong Impact on The British Pound The GBP/USD is going up strengthened by the good Autumn forecast statement and Second Estimate GDP. Additionally, we saw USD weakening as there could be a possible vote recount in Michigan, Wisconsin and Pennsylvania. But earlier today EUR/GBP demand tanked the GBP strongly. Seems … Continue reading Exclusive GBP/USD Analysis 28.11.2016

Sylvester Stephen
6 days ago

Weekly Technical Outlook: GPB/USD ; Market Forecasts for November 28th – December 2nd

Resistance level 1.259801, 1.270054, 1.282638 Pivot Level 1.236032 Support Level 1.229973 Technical Analysis The GBPUSD pair closed weekend trading above 1.229973 levels to get a good support base that reinforces the expectations of continuing the bullish bias and provides signals for the price recovery. This is supported by stochastic positivism that appears clearly on the … Continue reading Weekly Technical Outlook: GPB/USD ; Market Forecasts for November 28th – December 2nd

Colin First
6 days ago

GBP/USD Daily Fundamental Forecast – November 28, 2016

This morning has seen some serious USD weakening on the back of news on Friday evening that the Democrats are going to challenge the results of the US elections from the state of Michigan. This is likely to be followed by similar challenges in the states of Pennsylvania and Wisconsin during the course of this … Continue reading GBP/USD Daily Fundamental Forecast – November 28, 2016

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