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 - Chart Observations

Written By : forexabode || 2013-05-26 04:33:45 GMT

  GBP/USD has been in a very volatile sideways mode since October 2010. The pair had broken below this range during the later half of February 2013 i.e after close to 2 years and 4 months.

GBP/USD Weekly Outlook - May 26, 2013

Written By : || 2013-05-26 00:00:00 GMT

British Pound - US Dollar (GBP/USD) continued the downward journey and went as low as 1.5014 before closing for the week at 1.5125. The slight recovery we saw from 1.5014 was natural considering the psychological support of 1.5000 level but some of the observation as we have mentioned in one of the chart alerts (link below) are keeping the bearish outlook for GBP/USD intact.

GBP/USD's Break Over Resistance But What Next?

Written By : forexabode || 2013-04-28 01:24:11 GMT

GBP/USD had broken over the volatile sideways move by a strong break over 1.5411 but the pair is now struggling with the psychological pressures of 1.5500 level. We are just posting some of the observations in the following charts indicating the possible resistances of next retracement levels as well as 200-day SMA. GBP/USD and 200-day moving average GBP/USD break over 38.

GBP/USD Weekly Outlook - Apr 28, 2013

Written By : || 2013-04-28 00:00:00 GMT

British Pound - US Dollar (GBP/USD) rose very strongly from 1.5197 and went as high as 1.5499 before closing for the week at 1.5475. The highlights of the recent price action was first a break above 1.5411 and then the 38.2% level of the downward move from 1.6381 to 1.4831. This level was at 1.5422 and the price action was finding resistance below this since April 1st week.

GBP/USD On The Cross Roads

Written By : forexabode || 2013-04-14 01:42:26 GMT

GBP/USD's upward consolidation is finding resistance just below the 38.2% retracement of the downward move from 1.6381 to 1.4831.

GBP/USD Weekly Outlook - Apr 13, 2013

Written By : || 2013-04-13 00:00:00 GMT

British Pound - US Dollar (GBP/USD) went as high as 1.5411 before closing for the week at 1.5342. The recent upward gains can only be considered as consolidation during the strong fall which started from December 2012. A couple of important points about the recent price action are as follows: 1) The recent resistance came just below the 38.2% retracement of the downward move from 1.6381 to 1.4831. The 38.2% retracement is at 1.5422.

The Two And Half Years Old Support Turns Into Resistance For GBP/USD

Written By : forexabode || 2013-03-10 01:37:00 GMT

GBP/USD has been in a very volatile side ways range since July 2010 i.e. over two and a half years. The low of this range was 1.5233 and the high was 1.6746. The currency pair recently broke below this range when it went as low as 1.4885 during the last week. This break made the bearish outlook strong for GBP/USD but what has made this bearish outlook even stronger is the fact that the support of 1.5233 has turned into resistance.

GBP/USD Weekly Outlook - Mar 09, 2013

Written By : || 2013-03-09 00:00:00 GMT

British Pound - US Dollar (GBP/USD) continued the downward journey after facing the resistance near 1.5200. The currency pair went as low as 1.4885 before closing for the week at 1.4926. GBP/USD had fallen below the volatile sideways in which it has been moving for past two and a half years. After that break the pair even broke below the psychological level of 1.5000.

GBP/USD Weekly Outlook - Feb 24, 2013

Written By : || 2013-02-24 00:00:00 GMT

British Pound - US Dollar (GBP/USD) fell further to as low as 1.5132 before closing for the week at 1.5162. The main feature of last week's price action was a break below 1.5233. Fore past two and a half year the currency pair has been in a very volatile sideways move between 1.5233 and 1.6746. This break below 1.5233 marks a break of this price action channel and strengthens the bearish outlook for GBP/USD.

GBP/USD Near The Combined Resistances

Written By : forexabode || 2013-02-10 04:37:16 GMT

GBP/USD found support near the support trend line of the mid-term price action channel and jumped up. The current price action is near the resistance zone of past 2 weeks i.e. 1.5875 to 1.5893. Just above that the resistance of 55-day EMA and 38.2% retracement of the downward move from 1.6391 to 1.5630 are converging in near 1.5913/1.5916 and offer a joint resistance.

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