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GBP/USD Analysis


Klimov

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GBPUSD broke 1.5766 resistance area and went to 1.5700 level. Yesterday there was some growth and pair tested 1.5800. But then bears returned it to 1.5665. Now if growth is above 1.5800-1.5844 it will signal the resumption of an upward trend.

http://i11.pixs.ru/storage/9/8/8/GBPUSDM30p_3274626_17793988.png

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  • 4 weeks later...

The pair is turning. It's difficult to understand where the pair goes. I guess, it will go to South, but MACD is at zero level. After consolidating above 1.5640 wake aim for 1.5660. But if the pair fell on the descent to the supports at 1.5602. Waiting for change at the next session.

http://i11.pixs.ru/storage/2/9/4/GBPUSDH1pn_8525821_18060294.png

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  • 3 weeks later...

As for the pair GBP/USD, as we expected, here the price continued its upward movement and consolidated above the neutral zone 1,5574-1,5507. Indicators continue to give Buy signals. Wave frame is forming the upward wave 3. I recommend to continue considering purchase as long as the price is above the neutral zone.

http://i11.pixs.ru/storage/9/5/1/GBPUSDH1pn_4143975_18304951.png

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  • 1 month later...

The upward correction of the pound of sterling, formed on the level of 1.4560, has turned down. Reversal signal was in the form of a breakthrough of an ascending trend line. Sellers seized the initiative from the buyers. In the medium term I expect continuation of the downward trend.

http://i10.pixs.ru/storage/4/3/3/GBPUSDH1pn_4851482_18704433.png

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  • 4 weeks later...

The pair is traded with an uprusrge of the sloping support line. As long as it is held, increase will continue further. Resistance level is 1.5240, in case of its breakthrough the pair may grow to the resistance level 1.5230 and higher as the inclined support line is being held.

http://i11.pixs.ru/storage/5/6/6/GBPUSDH1pn_7005055_19027566.png

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  • 4 weeks later...

The currency pair GBP/USD made 76 points for the second session in a row, yesterday it had been moving in a southern direction and reached the lower border of the trading channel, from which it bounced. Now the pair is trying to overcome the resistance level of 1.5313 and if it succeeds, it is worth buying it at resistance level 1.5344. Sale to support levels 1.5268 and 1.5237 today should be considered if the pair still holds the bottom border of the trading channel.

http://www.imageup.ru/img225/2263641/gbpusdh1.png

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Yesterday the currency pair GBP/USD rebounded from the top of the trading channel and headed for south having passed 93 points by the end of the trading session. Now the pair is traded below the resistance level around 1.5438 and 1.5473, and indicators point to the fact that after some corrections we can consider it for sale to support levels 1.5380 and 1.5345.

http://www.imageup.ru/img271/2268431/gbpusdh1.png

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  • 1 month later...

Having overcome 104 points to the south for the past trading session, the currency pair GBP/USD is currently traded near the support level of 1.5006 in a descending channel on H1. If the pair overcomes this barrier, and the indicators hint at this, it is sold to the support level 1.4955. Today we can buy, if the pair crosses the upper border of the trading channel. Resistance levels today - 1.5059 and 1.5110.

http://www.imageup.ru/img95/2298297/gbpusdh1.png

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  • 4 weeks later...

" My view on GBPUSD - Price is already in a great support area across all higher time frame, but the downtrend is still intact. Price will break through 1.45540 and can go upto 1.42235 , and can have a retrace upto 1.50755. Let know your views."

 

http://s28.postimg.org/d9a52euql/3_GBPUSDDaily.png

 

http://s29.postimg.org/hl33vefzb/3_A_GBPUSDMonthly.png

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For the yesterday's trading session GBP/USD broke 208 points to the south, but bounced off the bottom of the descending trading channel on H1, completed session in the 44th figure, where at a given time it is traded at the upper border of the channel. Resistance level is 1 , 4451. If the pair crosses the upper boundary of the channel, it is worth considering it for purchase to the resistance level 1.4552. Support levels for today - 1.4344 and 1.4243.

http://www.imageup.ru/img157/2322588/gbpusdh1.png

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  • 3 weeks later...

The GBP/USD held yesterday's trading session in the range 1,4667 – 1,4529, bouncing off the borders of the trading channel on the chart of H1. At the moment the pair is located in the area between the resistance levels 1,4594 and 1,4659 and support levels 1,4521 and 1,4456. We should buy the pair above the resistance level 1,4594 and sell, if it leaves the channel to the south.

http://www.imageup.ru/img127/2343867/gbpusdh1.png

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