The GBP/USD, good technical round number levels

[Willyw]

British Pound / US Dollar-GBPUSD As of 16/05/17

*** Intra-Daily Trading Strategy:SELL British Pound / US Dollar

Sell Target: 1.2870

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!


A white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 white candles.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 4 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has decreased0.09%, and has been fluctuating from a high of 1.299 to a low of 1.284.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Sell 34 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 11 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The last Directional Movement Indicators (DMI) signal was a BUY 117 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell2 day(s) ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for British Pound / US Dollar is Very Bullish

British Pound / US Dollar closed below the upper Bollinger Band by 37.5%. Bollinger Bands are 54.67% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to British Pound / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 1 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[victoriajensen]

GBP/USD finally found some resistance at 1.3050 and bounced off from that level after forming a shooting star candlestick on the four-hour time-frame. Next target is likely 1.2940.

 

[idimitrov]

Pound / dollar had momentum up yesterday, making a peak at 1.2990. The trade signals are upward, but I note that we need a clear breakthrough over the key 1.2985 resistance for the sequel to the bullish test scenario at 1.3050 or higher. We have immediate support at 1.2930. A clear breakthrough underneath it could take the price to a neutral trading area testing 1.2880.

 

[deresel]

The pound recorded a positive session against the dollar on Wednesday. So the pair came out of the narrow range that the last few days have not been changing. Resistance at 1.2987 was hit for a moment, but very quickly the dollar compensated for the losses and the pair finished below the key levels. Trading on Wednesday was opened at 1.2918, the trend being bullish in most of the time. Peak for the day was reached at 1.2989 and the final was 20 pips lower.

 

[deresel]

Key levels to watch for:
Support: 1.2801; 1.2757;
Resistance: 1.2987; 1.3057.

 

[csc2009]

Cable couldn't remain above 1.3000 level, increase the chance of further decline, immediate support can be found around 1.2900/1.2880 zone.

 

[idimitrov]

The British pound was up against the US dollar on Friday. By the close of US trading, GBP / USD was trading at 1.3037, gaining 0.75%. I believe that support is now at around 1.2864, Tuesday's low, and resistance is likely at 1.3051, Thursday's high.

 

[csc2009]

Cable continue it's consolidation, risk remains on the downside. On the upside, 1.3000 act as psychological resistance level and follow by 1.3120.

 

[Willyw]

British Pound / US Dollar-GBPUSD As of 23/05/17

*** Intra-Daily Trading Strategy:SELL British Pound / US Dollar

Sell Target: 1.2928

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!


A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.

The previous 50 candlestick bars, there are 30 white candles versus 20 black candles with a net of 10 white candles.

MACD is BEARISH as the MACD is below the signal line.

The MACD crossed below the signal line 9 day(s) ago. Since the MACD crossed the MACD moving average, British Pound / US Dollar's price has increased 0.21%, and has been fluctuating from a high of 1.305 to a low of 1.284.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

No Stochastic Buy or Sell signals generated today. The last signal was a Sell 39 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 16 day(s) ago.


Currently the RSI does not show any Failure Swings. The RSI and price of British Pound / US Dollar are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.


The last Directional Movement Indicators (DMI) signal was a BUY 122 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Buy4 day(s) Ago.

The close is currently

ABOVE its 200 daily moving average

ABOVE its 50 daily moving average

ABOVE its 20 daily moving average

The current market condition for British Pound / US Dollar is Very Bullish

British Pound / US Dollar closed below the upper Bollinger Band by 36.8%. Bollinger Bands are 66.51% narrower than normal. The narrow width of the Bollinger Bands suggests low volatility as compared to British Pound / US Dollar's normal range. Therefore, the probability of volatility increasing with a sharp price move has increased for the near-term. The Bollinger Bands have been in this narrow range for 6 day(s). The probability of a significant price move increases the longer the Bollinger Bands remain in this narrow range.

 

[deresel]

On Tuesday, the pound-dollar currency pair lost 40 pips of its value. The day was opened at a price of 1.3001 and began with the prevailing power of the bears. Just before noon, they recorded a bottom of 1.2953. The next few hours were volatile for the currency pair. The bulls managed to make a bigger move, breaking the resistance at 1.3030 and recording a peak of 1.3032, but at the end of the day the quote stayed away from these values at a price of 1.2961.