Gbp/usd

[amcfx]

Note: This thread is intended for GBP/USD discussion and analysis. You can posts charts, analysis, and signals.

On my daily chart I see GU trading in a descending channel. I'm seeing 1.5774 as the most challenging bullish point for this pair to break to change my mind thinking that the bears are still dominating the market. Price tested support 1 (1.5488) it may go up or should it persist down then its heading towards second daily support 1.5287

[Andry]

In my view, GBP/USD is the most wanted pair in forex trading. I looked that

many traders from expert to beginner that using this pair as their favorite.

GBP/USD is well-known as one of major pair in forex trading which is the fastest

in movement. We can get much amount of pips if we can predict well but we can

also get many losses if we made mistake because the movement which is fast.

[amcfx]

GbpUsd is still bearish in H4 and Daily chart.. I'll look for good selling points. Main price I see that would make it go down more is 1.5353.

Resistance - 1.5411

Support: 1.5353

Support 2 - 1.5296

[Andry]

@amcfx

Yes, GBP/USD has been in bearish condition for about 1-2 weeks ago. I think it will be in bearish condition until this end of year. Almost all pairs which contain USD will be in bearish condition recently.

[amcfx]

@amcfx

Almost all pairs which contain USD will be in bearish condition recently.

 

Both AU and NU are strongly bullish. EU neutral and GU is bearish. Which "almost all" pairs are you talking about?

[Andry]

@amcfx

Yes AU in bullish condition but if I don't make mistakes AU has been dropped too. What I mean almost are GBP/USD, EUR/USD, and AUD/USD.

[cnbc]

the prediction of gbp-usd for this year by most economist will be bullish and targeting 1.72. the market sentiment of gbp-usd getting better because of the outlook of increasing economic growth. the increase of interest rate from bank of england expecting to be occur soon.