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Thread: Sterling Forecast

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    Default Sterling Forecast

    GBP/USD has tested 2.0170-75 previous high and Resistance earlier today as it was suggested. Further squeeze towards 2.0230 next target may be seen later today and higher towards 2.0300 and 2.0350 next week. . On the other side, first Support comes around 2.0100 ahead of 2.0040 stronger one.

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    Default GBp/USD today

    Uptrend is still intact in a triangle configuration. It should continue to rally to 2.0678 or 2.0829 if support around 2.0602 hold. After which a pullback to 2.0602 - 2.0561 zone is possible.
    3dblob

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    Default GBP/USD today

    A corrective/consolidation activity between 2.0554 and 2.0734 is likely for a while. sm_cool

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    anujgoyal.1
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    Now what trend u guys expect in gu

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    Default

    sterling has been gaining strenght for the past 2 week s ,it has recovered from a low of 1.9300 aand now it heading 2.0300 ,well do the fundamentals favour it... let see...3dblob

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    Default

    Quote Originally Posted by todabeltb View Post
    fileeee this gbp/usd dey halla up oo but go soon come back
    what the important point in the trend

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    please tell us what when we mast buy or sell
    and when we mast stop that
    thanks

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    Default

    GBP is going up to 1.523
    lets take some buy positions

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    Default Sterling perception

    DailySupport sees 1.6553 with the Hourly 20SMA and RSI Slope and Readings see slightly Overbought Levels at 72. Appreciation looks to find 1.6674 Daily Static Resistance,

    Rejection at the 1.6671 Area looks to Corrective Sentiment at the 1.6499 Daily Pivot, .

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    Default

    With overbought condition and price hesitation seen, GBP could be shaping up for corrective pullbacks with the 1.6398 level, its Nov 0309 high being trageted.However, its overall medium term uptrend remains intact despite the above corrective view.
    Weakening below the 1.6398 level will call for further declines towards its May 2909 high at 1.6199 ahead of the 1.6085 level where its May 2709 is located and then its psycho level at 1.6000 where a cap is expected.

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    Default

    The British Pound/US Dollar exchange rate has shown little sensitivity to interest rate forecasts, and we predict financial risk sentiment will continue to be the major driver of GBPUSD price action. Indeed, the short-term correlation between the GBPUSD and US S&P 500 Index remains near record-highs—emphasizing that the exchange rate has moved almost exactly in tandem with risk sentiment. Overnight Index Swaps predict that the British Pound-US Dollar yield differential will likewise remain nearly unchanged.

    It will be far more significant to monitor shifts in unconventional monetary policy measures. Both the Bank of England and the US Federal reserved have engaged in aggressive Quantitative Easing plans. Any abrupt changes to these programs could cause substantial GBPUSD volatility.

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    Default

    targets for a buy will be 1,6520/40 and (or) further break-out up to 1,6630. The alternative for sales will be below 1,6430 with the targets of 1,6370/90 and (or) further break-out up to 1,6290, 1,6250.

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    Default

    it's stocked @ 1.6495 i waiting for return to 1.6415

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    Default

    buy GBP/USD pair from 1.6520 To 1.6740 and stop loss below 1.6450, might be appropriate.

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    Default

    if 1.6485 broken, next target is 1.6435

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