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 - Dec 14, 2013

Written By : || 2013-12-14 00:00:00 GMT

GBP/USD had broken over the resistance of 1.6454 and went up to 1.6467 but could not sustain and fell to 1.6262 before closing for the week at 1.6349. The break above 1.6454 after over 2 years and 3 months was a major break however the failure to sustain after moving up by just 13 pips indicate that the psychological resistance of 1.6500 is quite strong.

GBP/USD Weekly Outlook - Dec 07, 2013

Written By : || 2013-12-07 00:00:00 GMT

GBP/USD had moved up towards 1.6254 as mentioned by us during the last weekend. However, as indicated the pair found a strong resistance 11 pips below that level and fell to 1.6293 before closing for the week at 1.6350.

GBP/USD Weekly Outlook - Nov 30, 2013

Written By : || 2013-11-30 00:00:00 GMT

GBP/USD continued its upward journey and went as high as 1.6384 before closing for the week at 1.6369. The highlight of the week was a break over 1.6381 resistance of January 1st 2013. The break over this 11 month old resistance indicate that the bullish sentiments are quite strong. However, it may be too early to say this as a minor resistance was faced just 3 pips above that level. On the downside we expect a support at 1.6314.

GBP/USD - Will the history repeat?

Written By : forexabode || 2013-11-24 23:27:41 GMT

For quite some time we have been talking about the long-term resistance and support trend lines for GBP/USD. We have been talking for quite some time because these trend lines have been in place for quite some time and that is over past 4 years.

GBP/USD Weekly Outlook - Nov 17, 2013

Written By : || 2013-11-17 00:00:00 GMT

GBP/USD had broken below 1.5894 and went down to 1.5854 but jumped up strongly to touch 1.6134 before closing for the week at 1.6118. The failure to test the 38.2% retracement of the upward move from 1.4813 to 1.6260 i.e. 1.5706 and then a break above 1.6117 resistance of last to last week indicate the possibilities of further gains first towards 1.6208 and then possibly towards 1.6250 to 1.6260 strong resistance zone.

GBP/USD breaks support

Written By : forexabode || 2013-11-12 09:59:40 GMT

GBP/USD broke the support of the horizontal trend line after 6 weeks. The previous resistance faced at the resistance trend line which has been in place for past 4 years and the failure of this short-term support indicate that we can expect deeper moves which can go as low as 1.5755. GBP/USD Weekly chart

GBP/USD Weekly Outlook - Nov 09, 2013

Written By : || 2013-11-09 00:00:00 GMT

GBP/USD had moved exactly as we had mentioned 2 weeks back. During the last week the pair tried to move up but failed below 1.6120. The high of the week was 1.6117, low was 1.5903 and the closing was at 1.6015. There is no change in our outlook for GBP/USD. The pair remains in a sideways range between 1.5894 and 1.6260. As we had mentioned during the previous update also that the recent price action is near a very strong resistances.

GBP/USD Weekly Outlook - Oct 26, 2013

Written By : || 2013-10-26 00:00:00 GMT

British Pound - US Dollar (GBP/USD) remained in a volatile sideways mode between 1.6115 and 1.6256 before closing for the week at 1.6166. Overall outlook stays bullish but please note that the current price action is near a very strong resistances.

GBP/USD Near The Failure Line ?

Written By : himanshu || 2013-10-19 02:56:26 GMT

Recently GBP/USD has been indicating a bullish outlook all through. However the upward moves which had started from the low of 1.4813 has clearly lost the momentum. Though it may seem to be repetition of what we have been saying for past some months but it is always better to repeat and remember than to miss the caution.

GBP/USD Weekly Outlook - Oct 19, 2013

Written By : || 2013-10-19 00:00:00 GMT

British Pound - US Dollar (GBP/USD) had gone to as low as 1.5894 but then broke above the sideways mode to go as high as 1.6225 before closing for the week at 1.6166. The currency pair had broken below 1.5900 which we had mentioned as support 2 weeks back. However a move of 6 pips cannot be considered as a decisive break and the subsequent upward jump keep the bullish outlook intact.

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