GBP/USD - Analysis, Outlook and Forecasts

GBP/USD (British Pound - US Dollar) outlook and forecast is presented by the team of ForexAbode's analysts and is followed by the traders around the world. The outlook takes into account the various factors which can affect the future price-action of GBP/USD. The factors to analyze the outlook are geo-political news, fundamentals including major economic releases and technical factors but most importantly we focus on the price-action analysis.

 

The outlook reflects our views for short-term to mid-term movement. However, sometimes the analysis takes into account the price data which may span many years and have a longer-term view. This is also supported by our very popular chart alerts.

 

The weekly analysis includes the predictions for the next week's expected moves for the pound sterling and the US dollar. However, the forecast is not only limited to the coming week but is applicable for the overall expectations for the near-term. Apart from the weekly forecasts we also update GBP/USD daily technical analysis which presents our views about the price-action from short-term perspective.

 

You may also like to check the following resources for trading GBP/USD:

 

 

GBP/USD Analysis - July 02, 2015

Written By : ForexAbode.com || 2015-07-02 05:43:10 GMT

Current Exchange Rate: 1.5602 at the time of analysis update. Intraday outlook: . GBP/USD moved the way we had indicated yesterday but fell short off achiving the first target of 1.5570 by 11 pips. The low was 1.5581. We stay bearish for the pair and expect a resistance at or below 1.5650.

GBP/USD Analysis - July 01, 2015

Written By : ForexAbode.com || 2015-07-01 04:57:46 GMT

Current Exchange Rate: 1.5647 at the time of analysis update. Intraday outlook: . GBP/USD is once again testing the 38.2% retracement level support of the upward move during June 2nd to June 18th.

GBP/USD Analysis - June 29, 2015

Written By : ForexAbode.com || 2015-06-29 06:26:26 GMT

Current Exchange Rate: 1.5713 at the time of analysis update. Intraday outlook: . GBP/USD went as low as .1.5666 and in doing so it briefly broke below the expected support of 1.5667 support of the short bodied daily candle of June 25th.

GBP/USD Analysis - June 23, 2015

Written By : ForexAbode.com || 2015-06-23 05:59:36 GMT

Current Exchange Rate: 1.5782 at the time of analysis update. Intraday outlook: . If expected resistance at 1.5795 holds then further decline is expected towards 1.5755 to 1.15765 support zone, and in case of a break of this support to 1.5660 for GBP/USD. Any break of this support should extend the decline towards 1.5710.

GBP/USD Analysis - June 19, 2015

Written By : ForexAbode.com || 2015-06-19 06:37:39 GMT

Current Exchange Rate: 1.5859 at the time of analysis update. Intraday outlook: . GBP/USD went up to 1.5929 but found resistance exactly there as we had indicated yesterday. The indicated support at 1.5885 and then1.5855 did not hold and the price-action retreated to 1.5835 before recovering slightly. Thought the mid-term bullish sentiments are intact but the immediate outlook is now neutral especially because of a break below 1.5850.

GBP/USD Analysis - June 18, 2015

Written By : ForexAbode.com || 2015-06-18 06:29:58 GMT

Current Exchange Rate: 1.5918 at the time of analysis update. Intraday outlook: . The outlook continues to be bullish for GBP/USD and the only checking factor is the psychological resistance of 1.6000 ranges. Some resisnce is being experience near 1.5929 but if a support over 1.5885 holds then we expect further gains first towards 1.5955 and then possibly 1.5980.

GBP/USD Analysis - June 17, 2015

Written By : ForexAbode.com || 2015-06-17 05:58:56 GMT

Current Exchange Rate: 1.5730 at the time of analysis update. Intraday outlook: . The outlook is mildly bullish as far as the short-term view is concerned. We expect upward moves first towards 1.5755 and then possibly 1.5785. However, the recent high was at 1.5815 and that calls for a bit of caution.

GBP/USD Analysis - June 15, 2015

Written By : ForexAbode.com || 2015-06-15 05:46:27 GMT

Current Exchange Rate: 1.5505 at the time of analysis update. Intraday outlook: . For taking a trading position we would stay neutral till a break below 1.5467 takes place but we are expecting further decline if resistance below 1.5520 holds.

GBP/USD Outlook - January 5th to 9th, 2015

Written By : ForexAbode.com || 2015-01-04 04:19:09 GMT

GBP/USD remained in a narrow sideways mode for the entire week, last week before a sharp fall on the Friday to 1.5327 before closing bearishly at 1.5328. In fact the difference of 1 pip between the low and close is due to rounding of the pipettes. The actual difference was just 0.5 pip. Fundamental Facts for GBP/USD There have been a few economic releases during last week due to the holidays. Overall the economic data from the U.K.

GBP/USD Analysis - December 11, 2014

Written By : ForexAbode.com || 2014-12-11 03:46:43 GMT

Current Exchange Rate: 1.5669 at the time of analysis update. Intraday outlook: . As mentioned yesterday, GBP/USD could not break the expected resistance of 1.5765 and dropped from 1.5757. We expect further fall but will be cautious for a support in the range of 1.5629 to 1.5647. A break below 1.5629 should make GBP/USD to target 1.5555 first and then possibly 1.5500.

Interest rate difference of GBP and USD

GBP to USD Interest Rates Comparison
(For Carry Trade)
Pound sterling (GBP) interest rate
0.50%
US dollar (USD) interest rate
0.25%
GBP/USD interest rate comparison
0.25%

 

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