Gbp/Usd

[billyboy00007]

GBP/USD Getting Ahead of Itself, but Now Sliding After the GDP Report



GBP/USD surged higher this morning when the European trading session started. The GDP report was about to be released and after a few positive data releases from the UK, forex traders tried to precede another positive economic report by getting long on GBP/USD.

That move came after this forex pair lost 160 pips yesterday as some of the UK ministers resigned. Notably, David Davis and Boris Johnson who were strong Brexit supporters. The price action in GBP pairs yesterday was confusing because the GBP rallied when Davis resigned, but then tumbled lower when Johnson did the same.

Anyhow, GBP/USD recuperated some of the losses in the afternoon and this morning the buyers gave it another push to the upside, hoping to see another positive economic report. Now, after the GDP reort was published, GBP/USD finds itself 60 pips lower.

The GDP report wasn’t particularly bad, it came at 0.3% month-on-month and the quarterly GDP figures came at 0.2%, both of which were in line with expectations. The index of services also came as expected at 0.4%.

The manufacturing production came at 0.4% when it was expected at 1.0%. The industrial production on the other hand, declined by 0.4% and last month’s number was revised lower to -1.0%, from -0.8%. So, the GBP turned bearish after the report, but I think that is more due to the fact that the GDP numbers weren’t more upbeat as the market was expecting, rather than a reaction from the softer manufacturing and industrial production numbers.

UK MoM GDP – 0.3%
UK QoQ GDP – 0.2%
UK Industrial Production – -0.4%
UK Manufacturing Report – 0.4%

[yulbang111]

GbpUsd bullish trend can continue today, now current price at 1.3260 and strong support at level 1.3240 in hourly time frame. there is possible chance GbpUsd price will move to up side. then next high price is 1.3300

I suggest to entry buy with stoploss at 1.3225 and take profit at 1.3300

[qasimm]

gbpusd aj ki price men kafi up ja raha is time ke price 1.3258 aur mere analysis k hesab se ye aj ki price men kafi down level tak jaega 1.3180 is price tak aur normal price 1.3220 ye rahege aj ke

[lal765]

gbp/usd maximum price 1.3360 and minimum 1.3140
Support Level 1 : 1.3280 Weekly R3 : 1.3240 Monthly
Support Level 2 : 1.3300 Short term R2 : 1.3220 Short term
Support Level 3 : 1.3320 Monthly R1 : 1.3190 Weekly
**************************** Trend : sell *********************************

[rehanayaz]

gbp/usd maximum price 1.3290 and minimum 1.3120
Support Level 1 : 1.3250 Weekly R3 : 1.3210 Monthly
Support Level 2 : 1.3270 Short term R2 : 1.3180 Short term
Support Level 3 : 1.3290 Monthly R1 : 1.3150 Weekly
**************************** Trend : *********************************

[0307148]

Data Tipe = Pivot Point
Pair= GBP/USD
Time Frame = Dayly

Resistance 3 = 1.6216
Resistance 2 = 1.6172
Resistance 1 = 1.6155
Pivot Point = 1.6127
Support 1 = 1.6110
Support 2 = 1.6082
Support 3 = 1.6037

This calculation is not a reference to create the opening position but merely an approximate calculation of the price movement.
I am not responsible for any errors that occur because the only information from the previous calculation

[snake]

Forex Forecast with price level.
GBP/USD - pair in focus
Current Price - 1.3259
main support level - 1.3186 1.3217
main resistance level - 1.3332 1.3363
Pair likely to be in Sell today.

[Intelligent]

GBP/USD
Date - 10 July, 2018.
Today signal - Sell
Support 3 - Support 2 - Support 1
1.3004 1.3097 1.3178
Resistance 1 - Resistance 2 - Resistance 3
1.3352 1.3445 1.3526
Time frame that is considered while making support and resistance levels - Daily and weekly Time frame
Consider the daily economic news before taking the trade.

[Qasim14]

The digits for the NZDCHF is moving on the area below the Ichimoku Cloud that have shows the orange color for now and this is a good sign for excpecting a long term direction to be bearish targeting the next to meet support area near 0.6585 qoutes.
Also whithin this direction there are bullish cross between the two lines of Tenken Sen and the Kijun sen where the green line of tenken sen goes above the red kijun sen line then we can be informed about being in a week move due to this signal which goes against the trend.
0.6585 Finally I think due to this situation the support zone located near 0.66 have a great chance to be hit just to let the main target 0.6585 got hits.
The GBP/USD pair went higher during the session on Friday, stretching towards the 1.6250 level. This area is significant resistance, but at the end of the day. I need to see this pair break above the 1.63 handle on a daily close in order to buy-and-hold, as the market would go much higher. At that point, probably chasing the 1.65 level before it's all said and done. With that being the case, I feel this market could pullback in this general vicinity, but that simply will be a momentum building exercise as we try and breakout above what has been pretty stubborn resistance.

The British pound itself looks rather strong, and has done quite well against many of the other currencies around the world, so of course the US dollar will be too different. However, recognize the fact that the US dollar has been doing better than some other currencies out there, so therefore this breakout may take a little bit longer than anticipated. A pullback here could be a buying opportunity, but sooner or later the market has to make some type of longer-term decision.

[qasimm]

gbp/usd aj ki price men kafi up ja raha is time ke price 1.3236 aur mere analysis k hesab se ye aj ki price men kafi down level tak jaega 1.3180 is price tak aur normal price 1.3210 ye rahege aj ke