GBPUSD Weekly Forex Forecast Archives - Advanced Forex Strategies

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Every week we recap the previous week and forecast the following week where we think the GBPUSD will be heading in our GBPUSD Weekly Forex Forecast. We know you will like our short but concise GBPUSD analysis.

GBPUSD Weekly Forex Forecast – 13th to 17th August 2018

The GBPUSD bearish trend extended further to the downside reaching a new 2018 low at 1.2722. We also broke below the major swing low that was established in August 2017. The downside move looks overextended and based on the stochastic indicator we can already see an extreme oversold reading that can signal a bounce to […]

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GBPUSD Weekly Forex Forecast – 6th to 10th August 2018

The GBPUSD has only managed to post a very weak close above the big psychological number 1.3000, which suggests that the bulls aren’t stepping into the market. On the downside, we can possibly see a break below the previous swing low 1.2955 but even then we can expect the GBP/USD to return back into the […]

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GBPUSD Monthly Forex Forecast for August 2018

The GBPUSD technical pattern remains bearish, but since August is considered to be the slowest trading month of the year we should expect the current trading ranges to prevail. The big psychological number 1.3000 remains the line in the sand between the bulls and the bears. Only a strong weekly close below 1.3000 will open […]

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GBPUSD Weekly Forex Forecast – 30th July to 3rd August 2018

The GBPUSD weekly close above the big round number 1.3000 suggests that the bulls are still in control. This doesn’t mean that we can’t see another attempt to break below 1.3000 but since the stochastic indicator is already showing an oversold reading we can expect that any attempt to break lower to fail. On the […]

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GBPUSD Weekly Forex Forecast – 23rd to 27th July 2018

The GBPUSD after another round of sell off has managed to find some strong support level in the region of the big round number 1.3000. The strong weekly close above the big psychological number gives us strong reasons that we may be in the process to establish a swing low. As long as we trade […]

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GBPUSD Weekly Forex Forecast – 16th to 20th July 2018

The GBPUSD has failed to close below the key support level 1.3100 and posted a strong reaction higher. It seems that Cable is in the process of establishing a wide trading range between 1.3050 swing low and resistance level 1.3360. In between these two levels we have the intraday resistance level 1.3240, which is kind […]

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GBPUSD Weekly Forex Forecast – 9th to 13th July 2018

The GBPUSD has a modest close above the intraday resistance level 1.3240 and although we had a bullish week we’re still trading inside a pretty wide consolidation zone. Taking into consideration the summer trading conditions, we can expect less trend development and more range bound activity. On the upside, the first major resistance level only […]

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GBPUSD Monthly Forex Forecast for July 2018

As we are entering into the summer trading conditions, we should see the GBPUSD more prone to range bound rather than to see trend development. In this regard the current bearish trend can slow down, but we’re still prone to have first a retest below the big psychological number 1.3000 and then a complete reversal. […]

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GBPUSD Weekly Forex Forecast – 2nd to 6th July 2018

The GBPUSD has made a new marginal low and tried to challenge the big psychological number 1.3000, but the bulls showed up and saved the day. Moving into the new week we expect last week low to be a good level of support, but the line in the sand remains 1.3000. We should also note […]

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GBPUSD Weekly Forex Forecast – 25th to 29th June 2018

The GBPUSD has managed to get back inside the previous trading range after a false breakout down to the support level 1.3100. Last week low, now remains critical for the bulls and as long as we stay above it we can see more consolidation. However a break below 1.3100 will expose the big psychological number […]

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