GBPUSD Outlook And Forecast
GBPUSD outlook and forecast is written by the team of ForexAbode's in-house analysts and is followed by the traders around the world. The GBP/USD outlook takes into account the various factors which can affect the price action of the currency pair. The outlook takes into the consideration important news, economic releases, technical factors but most importantly the price action analysis.
The price action analysis reflects our views for short-term to mid-term expectations for GBP/USD. However, sometimes it takes into account the price data which may span many years and is also supported by our very popular chart alerts.
The weekly updates include the predictions for the next week's expected moves for the British pound/US dollar. However, the projections are not only limited to the coming week but are applicable for near-term. Apart from the weekly prediction we also update GBP/USD daily analysis which presents our view about the daily price-action.
Apart from GBP/USD, we also cover EUR/USD, USD/JPY, USD/CHF, AUD/USD, GBP/JPY, EUR/JPY and AUD/JPY.
GBP/USD Weekly Outlook - April 13, 2014
Written By : ForexAbode.com || 2014-04-13 00:00:00 GMT
GBPUSD had dropped to 4 pips below 1.6464 which we had indicated in the GBP/USD outlook of March 15th. The rise from 1.6460 had halted a bit but the consolidation found support at 1.6552 and the pair jumped up strongly from there. The price action touched 1.6820 before hitting 1.6717 and then closing for the week at 1.6730.
The strong rise confirms the underlying bullish sentiments.
GBP/USD Weekly Outlook - Mar 15, 2014
Written By : ForexAbode.com || 2014-03-15 00:00:00 GMT
GBP/USD Outlook And Predictions
GBP/USD remained in a volatile sideways mode after failing at 1.6822. Last week's high was 1.6786 and the pair closed for the week at 1.6648 after touching the weekly low of 1.6548.
Overall outlook for GBP/USD stays bullish but initially we stay neutral.
GBP/USD Fundamentals and Economic Strength Meter - Feb 16, 2014
Written By : ForexAbode.com || 2014-02-16 00:00:00 GMT
The GBP/USD fundamentals are updated weekly. It is one of the basis for the GBP/USD weekly outlook. This is mainly derived from the recent major economic releases and news. The GBP/USD economic strength meter at the bottom shows the relative strength or weakness of the recent economic releases and news from the U.K. and the U.S., which may affect the relative strength of British pound versus U.S.
GBP/USD breaks above one more hurdle
Written By : forexabode || 2014-02-15 07:36:35 GMT
GBP/USD had achieved one landmark on January 23, 2013 when the pair had broken above August 2011's strong resistance of 1.6618. This resistance had cause the pair to fall by 1376 pips to as low as 1.5272.
GBP/USD Analysis - Feb 11, 2014
Written By : ForexAbode.com || 2014-02-11 00:00:00 GMT
GBP/USD Daily and Hourly Charts
GBP/USD Hourly Chart
GBP/USD Daily Chart
GBP/USD Daily Technical Analysis
Current Exchange Rate: 1.6423 at the time of analysis update.
GBP/USD's Latest Analysis (February 11, 2014): The near-term outlook is mildly bullish but for the immediate price-action we stay neutral.
Will GBP/USD test the trend line support again?
Written By : forexabode || 2014-02-08 03:48:40 GMT
GBP/USD has seen a strong fall to 1.5959 after showing some strong bullish sign by touching 1.6668. This post is an extension of one of the previous chart alert titled "GBP/USD Achieves One More Milestone" to check on the updated status.
As we had mentioned in the above mentioned post, despite breaking over the expected strong resistance of 1.6618 and moving as high as 1.6668, the pair had not been able to sustain the momentum.
GBP/USD Weekly Outlook - Feb 02, 2014
Written By : ForexAbode.com || 2014-02-02 00:00:00 GMT
GBP/USD Outlook And Predictions
GBP/USD had recovered after touching 1.6475 but the recovery failed at 1.6625 and another strong fall took the pair to 1.6427 before the weekly closing at 1.6441.
Further downward consolidation can not be ruled out but considering the fact that the current price-action is just above the 55-day EMA support, our immediate outlook stays neutral for GBP/USD.
GBP/USD achieves one more milestone
Written By : forexabode || 2014-01-25 05:02:45 GMT
We had been talking about the long standing support and resistance trend-lines for GBP/USD, and the fact that during November 2013, GBP/USD pair had ultimately had a breakout from the long containment to move over the resistance trend-line for 4 years.
The last week highlighted the achievement of another milestone when the pair broke over 1.6618 to go as high as 1.6668.
GBP/USD Weekly Outlook - Dec 29, 2013
Written By : ForexAbode.com || 2013-12-29 00:00:00 GMT
GBP/USD moved the way we had indicated 2 weeks back and quoted above. The support had come near the 55-day EMA and the pair recovered from 1.6217 to go as high as 1.6577 before closing for the week at 1.6483.
The break over 1.6500 was the highlight of the last week as the pair could never touch this level in over past 2 years.
GBP/USD enters the zone of strong supports
Written By : forexabode || 2013-12-18 05:01:43 GMT
You may be getting bored that for many months we have been talking about the same resistance and support trend lines for GBP/USD. But then, if we have been talking about the same lines for long, those same lines have been in the existence for over 4 years. So can't help.
GBP/USD Interest Rates Comparison
(For Carry Trade)