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 Weekly Outlook - Feb 10, 2013

Written By : || 2013-02-10 00:00:00 GMT

British Pound - US Dollar (GBP/USD) touched a low of 1.5630 i.e. 30 pips above the 1.5600 level mentioned by us during the last weekend. The currency pair then went as high as 1.5844 i.e. 11 pips below the resistance mentioned before closing for the week at 1.5801. The support came just near the support trend line of the mid-term price action channel as mentioned in this GBP/USD update.

GBP/USD Near The Support Level Of 61.8% Retracement

Written By : forexabode || 2013-02-03 04:05:22 GMT

After breaking below the key support of 200-day moving average, GBP/USD also had broken below the 50% retracement support of the upward gains from 1.5269 of June 1st 2012 to the recent 1.6381. Please check this GBP/USD chart alert of last weekend for the details. The subsequent downward move made an effort to break below even the 61.8% retracement of the above mentioned move. The current price action is just near that level.

GBP/USD Weekly Outlook - Feb 03, 2013

Written By : || 2013-02-03 00:00:00 GMT

British Pound - US Dollar (GBP/USD) moved the way we had indicated during last weekend. The currency pair went down as low as 1.5674 which was 16 pips below the mentioned 1.5690.

GBP/USD Finding Support Near The Trend Line

Written By : forexabode || 2013-01-31 10:22:49 GMT

The converging trend line channel is in place since July 2009. GBP/USD seems to be finding support at the lower support trend line. Please check the weekly chart as follows: GBP/USD weekly chart  

GBP/USD Weekly Outlook - Jan 27, 2013

Written By : || 2013-01-27 00:00:00 GMT

British Pound - US Dollar (GBP/USD) found resistance at 1.5893 and then broke below the support of 1.5828 which we had mentioned during last weekend.

GBP/USD Turns Into Sideways Amidst Bearish Pressure

Written By : himanshu || 2013-01-21 05:27:10 GMT

On Friday, January 18th the currency pair had broken below the key support level of 200-day moving average. GBP/USD has been above this support level since August 28, 2012. There was a brief attempt to breach this support during mid-November but the immediate strong support had taken GBP/USD to 1.6381 which was its 17 month's high. During today's Asian trading session the pair has been moving in the tight range of 1.5871 and 1.5838.

GBP/USD Breaks Below The Key Support Level Of 200-Day Moving Average

Written By : himanshu || 2013-01-20 03:00:49 GMT

Since September 2011 GBP/USD's price action has been below 1.6300 except one occasion on April 30, 2012 when it briefly touched 1.6301 but could not sustain and fell sharply. On September 21, 2012 the currency pair had gone beyond that resistance and as high as 1.6309 but     had failed again and had fallen to 1.5828.

GBP/USD Weekly Outlook - Jan 19, 2013

Written By : || 2013-01-19 00:00:00 GMT

British Pound - US Dollar (GBP/USD) could not break over 1.6180 which we had mentioned during last weekend. The currency pair failed at 1.6179 and fell sharply. The fall took it beyond the mentioned 1.5882 and the pair went as low as 1.5853 before closing for the week at 1.5871. The important point about the recent fall is the break of the key 200-day support level. Please check this GBP/USD alert to check on this.

The Joint Support Is Working For GBP/USD - Short Update

Written By : forexabode || 2013-01-13 04:09:35 GMT

The previous update about GBP/USD price action mentioned about the combined support of 1.6000 psychological level and the mid-term trend line which has been into the picture since May 2012. The recent price action indicate that the combined forces of these two support is in place. GBP/USD finding support near the trend line and psychological 1.6000  

GBP/USD Weekly Outlook - Jan 12, 2013

Written By : || 2013-01-12 00:00:00 GMT

British Pound - US Dollar (GBP/USD) very briefly went as low as 1.5992 but as mentioned during the last weekend, the 1.6000 psychological support worked and the currency pair jumped to 1.6179 before closing for the week at 1.6132. Again as mentioned during last weekend, a break over 1.6180 and then 1.6206 are critical for further upward gains. The resistance came just 1 pip below the mentioned 1.6180.

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