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 Broke Below The Trend Line Support

Written By : forexabode || 2012-11-14 21:53:29 GMT

Since the end of May 2012 to Middle of August 2012, GBP/USD had remained in a very volatile sideways range. The price action had broken over that range strongly in August and market had witnessed a very strong upward move for the currency pair. The price had gone as high as 1.6309 which was slightly above the previous high of 1.6301.

GBP/USD Weekly Outlook - Nov 11, 2012

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

GBP/USD Outlook:   British Pound - US Dollar (GBP/USD) kept on finding resistance below 55-day EMA and then fell to 1.5887 before closing for the week at 1.5896. The break below 1.5912 has made the outlook bearish again. On the downside we expect further downward move first towards a minor support near 1.5850. Such a move will represent the 50% retracement of the upward gains during July 12th's 1.5393 and September 21st's 1.6309.

GBP/USD Weekly Outlook - Oct 28, 2012

Written By : || 2012-10-28 00:00:00 GMT

GBP/USD Outlook:   British Pound - US Dollar (GBP/USD) moved as mentioned during the last weekend. The pair went as low as 1.5913 and found supports there as indicated.

GBP/USD Weekly Outlook - Oct 21, 2012

Written By : || 2012-10-21 00:00:00 GMT

GBP/USD Outlook:   British Pound - US Dollar (GBP/USD) found resistance at 1.6178 and fell strongly to 1.5997 before closing bearishly at 1.6004 for the week. The heavy fall without testing the mentioned resistance of 1.6217 and the slight attempt to break the 1.6000 psychological level indicate that some more downward consolidation can be expected. But initially we expect some sideways move over 1.5976 support.

GBP/USD Weekly Outlook - Oct 14, 2012

Written By : || 2012-10-14 00:00:00 GMT

GBP/USD Outlook:   British Pound - US Dollar (GBP/USD) moved the way we expected and mentioned during last weekend. The currency pair went as low as 1.5976 before recovering to 1.6096. The weekly closing was at 1.6072. Though our overall outlook of GBP/USD is not bearish but as we have been mentioning that are still not ignoring the possibilities of some more downward consolidation.

GBP/USD Outlook - 2012/10/9

Written By : forexabode || 2012-10-08 23:21:16 GMT

As expected and as we have been mentioning in previous analysis, GBP/USD continued it's downward consolidation and even broke below the short term price action channel (please see the daily chart below).

GBP/USD Outlook - October 8 2012

Written By : forexabode || 2012-10-08 01:29:40 GMT

GBP/USD started the Monday morning of Asian session with some weakness. The recent upward jump had seen the 5 day EMA crossing over the 22-day EMA to give a weak bullish signal but that did not sustain and another bearish crossover is it's early stage.

GBP/USD Weekly Outlook - Oct 07, 2012

Written By : || 2012-10-07 00:00:00 GMT

GBP/USD Outlook:  Another week when British Pound - US Dollar (GBP/USD) remained in a very volatile sideways mode below the recent high of 1.6309. The low of the previous week's range i.e. 1.6163 was broken and the pair had gone as low as 1.6067, followed by another jump to 1.6217 before closing for the week at 1.6122 i.e.

GBP/USD Today - Outlook 2012/10/02

Written By : forexabode || 2012-10-02 00:30:55 GMT

GBP/USD had jumped up strongly to 1.6175 but then went down to 1.6109 before going into sideways mode. There is no change in our outlook as of now and it stays good as we had mentioned yesterday in the post GBP/USD Today - Outlook 2012/10/01. GBP (UK Data):   1) Manufacturing PMI data from UK was weaker than expected and also less than the previous.

GBP/USD Today - Outlook 2012/10/01

Written By : forexabode || 2012-10-01 00:51:31 GMT

GBP/USD Today - 2012/10/01 GBP/USD seems to be coming out of the range after failing to break the recent high of 1.6309. The recent high was slightly higher than the previous 1.6301 of April 1st but the currency pair could not sustain the break. As we had mentioned in our weekend forecast page also, we now expect further consolidation towards 1.6000/1.5990 or the 55-day EMA support.

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