GBPUSD Weekly Forex Forecast Archives - Advanced Forex Strategies

GBPUSD Weekly Forex Forecast

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

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

  The GBPUSD is in the process of reversal after successfully, it managed to break and close above the 1.2300 important resistance levels. Any retracement should be shallow now and we should see GBPUSD slowly drifting higher. The first major resistance level is the psychological number 1.2500 and a breakRead More

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

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

The GBPUSD has continued to drift lower, but we’re in the process of establishing a base from where we can bounce. Since the expectation of higher volatility in the week ahead has increased considerably we can expect the market to overshoot our support and resistance level. The big psychological levelRead More

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

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

The GBPUSD has successfully broken down through multiple support levels, putting the focus on the bear side. In the bigger picture, we’re still inside a very wide range between support level 1.2000 and resistance level 1.2771. The old support level 1.2300 has turned now into a new resistance level fromRead More

GBPUSD Weekly Forex Forecast - 27th Feb to 3rd Mar 2017

GBPUSD Weekly Forex Forecast – 27th Feb to 3rd Mar 2017

The GBPUSD has broken above the big psychological number 1.2500 but we got a very weak weekly close below this support level. This indecisiveness suggests that we can expect more range activity in the week ahead. The first intraday support level comes in at 1.2400 level followed by 1.2300 fromRead More

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