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Category Archives for "GBPUSD Weekly Forex Forecast"

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 – 26th to 30th June 2017

The GBPUSD managed to break below previous week low after a very aggressive sell off, but we’re again moving in a very narrow range. The summer trading conditions should impact the liquidity, thus we can expect to see more ranges in the coming weeks. The focus is back on the intraday resistance level 1.2800 which […]

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GBPUSD Weekly Forex Forecast – 19th to 23rd June 2017

The GBPUSD has spent all the previous week in a very definite trading range. The low of the range is 1.2633 support level and previous week low. On the upside, we have an intraday resistance level at 1.2816 but the next important resistance level is around the 1.2900 level. A break above this level will […]

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GBPUSD Weekly Forex Forecast – 12th to 16th June 2017

The UK parliament elections have shocked the market, which triggered a new round of GBPUSD selling pressure. The UK PM May has lost the majority in in the UK parliament which is going to make the Brexit talks more difficult and this market theme is going to keep GBPUSD under pressure in the coming week. […]

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GBPUSD Weekly Forex Forecast – 5th to 9th June 2017

The GBPUSD bullish trend is holding firm ahead of the UK general election. The GBPUSD bullish trend is still firm and solid, however, as long as we still trade below the big psychological number 1.3000 there is still a risk that we can have a deep correction. The stochastic indicator is not quite in oversold […]

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GBPUSD Weekly Forex Forecast – 29th May to 2nd June 2017

The GBPUSD has managed to put a significant sell-off last week, which still looks corrective in nature. We have a major support level the 1.2752 that for the time being is holding the downside. A new marginal high above 1.3000 is required for the cycle that started from the 1.2100 low to be completed. On […]

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GBPUSD Weekly Forex Forecast – 22nd to 26th May 2017

The GBPUSD has successfully managed to break and close above the 1.3000 big psychological number. The weekly close above 1.3000 adds further strength to the bullish case, however, in the short-term, we can still see a break back below 1.3000 and retest 1.2940 intraday support level without to alter the upward trend. The stochastic indicator […]

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GBPUSD Weekly Forex Forecast – 15th to 19th May 2017

The longer GBPUSD consolidates below the 1.3000 big psychological numbers the more violent the breakout will be. In the short term the GBPUSD has been moving inside a very clear ranging market. The main resistance level remains 1.3000, while to the downside we have support level 1.2770. Early in the week we can expect the […]

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GBPUSD Weekly Forex Forecast – 8th to 12th May 2017

The GBPUSD technical pattern has been contained inside a narrow range just below the big psychological number 1.3000. The weekly close below 1.3000 resistance level is going to perpetuate the trading range, but this weekend we have the 2nd round of French Presidential election which can change the whole picture. The most recent polls show […]

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GBPUSD Weekly Forex Forecast – 1st to 5th May 2017

  The GBPUSD technical pattern remains bullish and possible, we can see a break above the 1.3000 big psychological number. We need a daily close above 1.3000 to suggest more upside is on the horizon. The price structure suggests that any retracement should be shallow, however, there is still a risk for GBPUSD to fill […]

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GBPUSD Weekly Forex Forecast – 24th to 28th April 2017

The GBPUSD has managed to break to new 2017 year highs. The old 1.2700 resistance level should now act as a new support level. The close above 1.2700 has opened up the door for a retest of the 1.3000 big psychological number from where we can expect the cycle from the January low to correct. […]

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