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 - Jun 30, 2013

Written By : || 2013-06-30 00:00:00 GMT

British Pound - US Dollar (GBP/USD) found resistance just 10 pips above the resistance indicated by us during past week. The currency pair fell strongly from 1.5477 and went as low as 1.5165 i.e. 5 pips above the level we had mentioned during the last weekend before closing for the week at 1.5212. The strong fall has made the bearish outlook for GBPUSD even stronger.

GBP/USD Weekly Outlook - Jun 23, 2013

Written By : || 2013-06-23 00:00:00 GMT

British Pound - US Dollar (GBP/USD) found resistance well below the 61.8% retracement which we had mentioned during the last weekend and fell sharply from 1.5751.

GBP/USD Breaks Below The First Major Support: Forex Chart Alert

Written By : forexabode || 2013-06-19 23:59:14 GMT

GBP/USD could not sustain above the 200-day moving average and broke that support quite strongly. We have talked about this possibility and some other supports in the previous chart alert which can be seen here and in fact we recommend to see this previous chart alert and also the one before that.

GBP/USD - Some Observations - Forex Chart ALert

Written By : forexabode || 2013-06-18 23:46:58 GMT

As we had indicated on June 12th that the upward gains may find resistance near or below 1.5785, the currency pair fell from 1.5751. Tho check on this aspect you may please check this alert for GBP/USD. The strong fall found support at 1.5665. Interestingly this support came just above the 200-day moving average. Please check the following daily chart of GBPUSD for the same.

GBP/USD Weekly Outlook - Jun 16, 2013

Written By : || 2013-06-16 00:00:00 GMT

British Pound - US Dollar (GBP/USD) moved further up and went as high as 1.5738 before closing for the week at 1.5707. Overall longer term outlook stays bearish which had become stronger with the break of some important supports mentioned here .

Is GBP/USD Near The Peak Of The Upward Jump - Two Observations

Written By : forexabode || 2013-06-11 00:10:40 GMT

GBP/USD had fallen very strongly since the beginning of 2013 to March second week. The fall had taken the currency pair from 1.6381 to 1.4831 i.e. 1550 pips. The rise from that low was strong and after some resistance near 38.2% retracement of that fall, the pair had managed to break over it. The upward gains took it to 1.5606. The interesting point here is that 1.5606 is the exact 50% retracement of the move from 1.6381 to 1.4831.

GBP/USD's Break Above Important Resistances

Written By : forexabode || 2013-06-09 02:04:51 GMT

GBP/USD's strong jump has seen the breaks of some important resistances. We had talked about some of these these in this chart alert during last weekend. Break above 200=day moving average. GBPUSD broke the 200-day moving average first time since middle of January 2013.

GBP/USD Weekly Outlook - Jun 09, 2013

Written By : || 2013-06-09 00:00:00 GMT

British Pound - US Dollar (GBP/USD) could not break the support of 1.5000 and moved up strongly. The currency pair did not only move up to 1.5322 which was indicated during the last weekend but went as high as 1.5684 before closing for the week at 1.5557. The strong upward jump took out some of the important resistances even though the weekly closing was slightly below those levels.

GBP/USD Finding Resistance Near 38.2% Retracement Level

Written By : forexabode || 2013-06-02 04:19:37 GMT

GBP/USD is finding resistance near 38.2% retracement level of the downward move from 1.5606 to 1.5008.

GBP/USD Weekly Outlook - Jun 02, 2013

Written By : || 2013-06-02 00:00:00 GMT

British Pound - US Dollar (GBP/USD) remained in a volatile sideways mode over 1.5000 after touching the low of 1.5008, as indicated during the last weekend but the it jumped up and went as high as 1.5240 before closing for the week at 1.5198. What we had also mentioned during last weekend stays true that the recovery we saw from 1.5008 was natural considering the psychological support of 1.

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