GBPUSD Weekly Forex Forecast Archives - Advanced Forex Strategies

GBPUSD Weekly Forex Forecast

GBPUSD Weekly Forex Forecast - 20th to 24th Feb 2017

GBPUSD Weekly Forex Forecast – 20th to 24th Feb 2017

The GBPUSD weekly close below the big psychological number 1.2500 indicates more bearish pressure in the short to medium-term. However, a daily break and close above 1.2500 can signal a shift in the sentiment and can make the bearish case less likely to unfold. To the downside, the first levelRead More

GBPUSD Weekly Forex Forecast - 13th Feb to 17th Feb 2017

GBPUSD Weekly Forex Forecast – 13th Feb to 17th Feb 2017

The GBPUSD weekly close below the big psychological number 1.2500 indicates the bulls are not so much in control of this market. We can note that over the last few weeks GBPUSD has established a wide trading range between 1.2700 resistance levels and 1.2400 support levels. Going forward, we canRead More

GBPUSD Weekly Forex Forecast - 6th Feb to 10th Feb 2017

GBPUSD Weekly Forex Forecast – 6th Feb to 10th Feb 2017

Last Friday’s sell off and break below the big psychological number 1.2500 has put the focus back on the downside for the GBPUSD. The GBPUSD unwillingness to protect the gains made in the first days of the last week and the weekly close near the lows is indicative of strongRead More

GBPUSD Weekly Forex Forecast - 30th Jan to 3rd Feb 2017

GBPUSD Weekly Forex Forecast – 30th Jan to 3rd Feb 2017

The GBPUSD two-week rally has made a strong case for the bullish case and the prospects of a full-scale reversal or at least a deeper retracement. The weekly close above the 1.2500 big psychological number is indicative of more GBPUSD strength. However, we can still see a downside break andRead More

GBPUSD Weekly Forex Forecast - 23rd to 27th Jan 2017

GBPUSD Weekly Forex Forecast – 23rd to 27th Jan 2017

Last week GBPUSD opening gap followed by a quick rally has produced what in technical terms we refer to as a “V” shape bottom. This is a very powerful pattern that can produce a swing low point and it can be an indication that the bulls are in control. TheRead More

GBPUSD Weekly Forex Forecast - 16th to 20th Jan 2017

GBPUSD Weekly Forex Forecast – 16th to 20th Jan 2017

Last week break of 1.2200 support level has put the focus back on the bears and now the more likely scenario is for more downside. Naturally the big psychological number 1.2000 will be a major hurdle for the GBPUSD and we can expect some bounce before the real sellers willRead More

GBPUSD Weekly Forex Forecast - 9th to 13th Jan 2017

GBPUSD Weekly Forex Forecast – 9th to 13th Jan 2017

The GBPUSD is in the process of establishing a base or a consolidation from which hopefully a new upside leg can emerge. As long as we’re trading above 1.2228 and more importantly above 1.2200 we still favor the bullish case, however a break below these levels will threaten 1.2020 theRead More

GBPUSD Weekly Forex Forecast - 2nd to 6th Jan 2017

GBPUSD Weekly Forex Forecast – 2nd to 6th Jan 2017

If 2016 was the year of political shocks and big risk events driving the Forex volatility at extreme levels, in 2017 we can expect the same market environment to persist. The first week of 2017 should be slow as the majority of market participants and more importantly the smart moneyRead More

GBPUSD Weekly Forex Forecast - 26th to 30th Dec 2016

GBPUSD Weekly Forex Forecast – 26th to 30th Dec 2016

The main theme in the Forex space remains the broad based dollar strength and the GBPUSD continued to head lower despite a lower level of trading activity. A bounce seems more likely in the current trading environment as the dollar rally has gone too far in a very short period ofRead More

GBPUSD Weekly Forex Forecast - 19th to 23rd Dec 2016

GBPUSD Weekly Forex Forecast – 19th to 23rd Dec 2016

The low level of liquidity due to the Christmas holidays is expected to impact the whole FX market and GBPUSD doesn’t make exception from the rule. We can expect a very low level of activity thus the GBPUSD can be stuck inside a very tight range with key support levelRead More