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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 – 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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GBPUSD Weekly Forex Forecast – 17th to 21st April 2017

The GBPUSD has managed to reclaim the 1.2500 big psychological number and what is more important we posted a weekly close above. We still need to see more proof that the bulls are in control and we’re indeed in the process of a reversal. A break and a close above 1.2575 last week’s high can […]

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GBPUSD Weekly Forex Forecast – 10th to 14th April 2017

The GBPUSD price action is trapped in what seems to be a consolidating market. As long as we can’t post a weekly close above the big psychological number 1.2500 we should expect further ranging activity. The first level of support comes in at 1.2350 from where we can see a bounce. On the upside, we […]

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GBPUSD Weekly Forex Forecast – 3rd to 7th April 2017

The GBPUSD has managed to post three consecutive weekly bullish candles which add strength to the bullish case. The more aggressive view is for a strong rally and a possible break of the 1.2700 February high. His view is also sustained by the weekly close above the big psychological number 1.2500 which should act now […]

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GBPUSD Weekly Forex Forecast – 27th to 31st Mar 2017

Last two weeks GBPUSD rally has finally reached a climax point from where we can see a pullback. The rejection off of the big psychological number 1.2500 and the unwillingness to post a weekly close above it warns that the cycle from 1.2100 low has finished. There is a possibility for the GBPUSD to retest […]

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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 break and a close above it […]

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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 level 1.2000 can provide us with […]

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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 from where we can expect a […]

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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 from which levels we can see […]

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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 level of support comes in at […]

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