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 Near The Combined Support Levels

Written By : himanshu || 2013-01-06 03:34:10 GMT

GBP/USD had fallen strongly after failing at 1.6381. The drop took the pair to 1.6009. The current price action is near the joint supports of the psychological level of 1.6000 as well as the mid-term trend line. Please check the following weekly chart of GBP/USD. GBP/USD Weekly Chart

GBP/USD Weekly Outlook - Jan 06, 2013

Written By : || 2013-01-06 00:00:00 GMT

British Pound - US Dollar (GBP/USD) went as high as 1.6381 but then fell very sharply to 1.6009 before closing for the week at 1.6069. Though the heavy fall indicates the possibilities of further downward consolidation but considering the joint support of the psychological 1.6000 level as well as the mid-term trend line support, as mentioned in this GBP/USD chart alert, the outlook for further downward move is neutral as of now.

Chart Alert: GBP/USD's Failure To Sustain Over 1.6300

Written By : forexabode || 2012-12-23 02:23:47 GMT

GBP/USD saw some consolidation during the later part of the last week. Some more consolidation is expected. The daily chart shows the possible support near 1.6130 where the previous resistance should work as support and this should get strength by the current trend line. GBP/USD Daily Chart:

GBP/USD Weekly Outlook - Dec 22, 2012

Written By : || 2012-12-22 00:00:00 GMT

GBP/USD Outlook:   British Pound - US Dollar (GBP/USD) went as high as 1.6307 but failed to touch the high of September 21st i.e.

GBP/USD Today - Hesitation At October 5th's resistance Level

Written By : forexabode || 2012-12-18 09:03:24 GMT

On October 5th, 2012 GBP/USD had faced a strong resistance at 1.6217 and a strong fall had taken place from there. The recent upward move had taken the currency pair as high as 1.6218 i.e. 1 pips above that level but the pair has been hesitating to cross that resistance for past 23 hours. It's British Pound's Day Today Today at GMT 9;30 we have many economic releases from U.K.

GBP/USD Weekly Outlook - Dec 09, 2012

Written By : || 2012-12-09 00:00:00 GMT

GBP/USD Outlook:   British Pound - US Dollar (GBP/USD) went as high as 1.6130 but then went into sideways mode. Another attempt of upward jump failed 2 pips below it i.e.

GBP/USD Breaks Out Of The Channel

Written By : forexabode || 2012-12-07 11:27:20 GMT

GBP/USD Broke below the channel but the next support is close:     Next Support:

GBP/USD At Trend Line Support Level

Written By : forexabode || 2012-12-07 02:05:12 GMT

GBP/USD Alert: GBP/USD is at the trend line support level. If a failure of this support takes place then the next support level would be 38.2% retracement near 1.6015. GBP/USD Daily Chart 1 GBP/USD Daily Chart 2

GBP/USD Weekly Outlook - Dec 02, 2012

Written By : || 2012-12-02 00:00:00 GMT

GBP/USD Outlook:   British Pound - US Dollar (GBP/USD) lost the upside momentum but has been still inching upward. The currency pair went as high as 1.6062 before closing for the week at 1.6011. Even though the highs are getting higher but the loss of momentum and practically a sideways price action is keeping us neutral initially. For any further upside gains a break out of 1.6000 range i.e. over 1.6100 is required.

GBP/USD Weekly Outlook - Nov 18, 2012

Written By : || 2012-11-18 00:00:00 GMT

GBP/USD Outlook:  British Pound - US Dollar (GBP/USD) tried to break the support of 200-day EMA and went 22 pips below the 1.5850 support mentioned by us during last weekend. The pair touched 1.5828 and found support there to enter a sideways mode.

Interest rate difference of GBP and USD

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