GBPUSD Weekly Forex Forecast Archives - Advanced Forex Strategies

GBPUSD Weekly Forex Forecast

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

GBPUSD Weekly Forex Forecast - 12th to 16th Dec 2016

GBPUSD Weekly Forex Forecast – 12th to 16th Dec 2016

Last week, the GBPUSD managed to make successive lower highs followed by persistent lower lows which turned the whole wave sequence into a bearish structure. To the upside, the 1.3650 – 1.3670 region should act as resistance and only a daily break above 1.2774 last week’s high will invalidate theRead More

GBPUSD Weekly Forex Forecast - 5th to 9th Dec 2016

GBPUSD Weekly Forex Forecast – 5th to 9th Dec 2016

The GBPUSD technical pattern remains bullish and constructive towards a much deeper retracement. We have managed to close above the 1.2500 big psychological number which should now act as support until we reach at least 1.2900 the forecasted tipping point of this correction. There is also a danger of aRead More

GBPUSD Weekly Forex Forecast - 28th Nov to 2nd Dec 2016

GBPUSD Weekly Forex Forecast – 28th Nov to 2nd Dec 2016

Previous GBPUSD Weekly Forex Forecast   The GBPUSD price range has narrowed in part due to the liquidity drain around the US Thanksgiving holiday. We’re still in extreme oversold conditions on higher time frames, but we need time more than anything before any substantial retracement to be seen. The stochasticRead More

GBPUSD Weekly Forex Forecast - 21st to 25th Nov 2016

GBPUSD Weekly Forex Forecast – 21st to 25th Nov 2016

Previous GBPUSD Weekly Forex Forecast Last week we saw a much subdued GBPUSD volatility and more exchange rate stability. The price ranges have also narrowed, however, sudden spikes on both sides of the market that can be quickly faded can’t be ruled out. Only a break above the big psychologicalRead More

GBPUSD Weekly Forex Forecast - 14th to 18th Nov 2016

GBPUSD Weekly Forex Forecast – 14th to 18th Nov 2016

Previous GBPUSD Weekly Forex Forecast The GBPUSD managed to recover above the pre-GBP flash crash level 1.2600 despite the broad based dollar strength. The Pound was the only major currency pair to rally against a very volatile US dollar, which experienced a strong bid after initially selling hard due theRead More