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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 Monthly Forex Forecast for Sept 2018

The GBPUSD has continued to bleed all the way through the summer trading months. The broad based dollar strength coupled with the BREXIT theme has put pressure on the British Pound. Now, as long as we trade below the big psychological number we should expect the bears to continue to dominate this market. August’s swing […]

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GBPUSD Weekly Forex Forecast – 3rd to 7th Sept 2018

The GBPUSD retested for a very short period of time the big psychological number 1.3000, but it couldn’t sustain the gains and posted a weekly close below it suggesting that the bulls are still not having the power to drive cable further up. On the upside, last week high 1.3042 followed by key resistance level […]

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GBPUSD Weekly Forex Forecast – 27th to 31st August 2018

The GBPUSD has managed to post the first positive week in about 6 weeks and this gives hope to the bulls for more constructive gains in the coming weeks. However, as long as we trade below the big psychological number 1.3000 the bearish sentiment should prevail. On the upside, the first level of interest is […]

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GBPUSD Weekly Forex Forecast – 20th to 24th August 2018

The GBPUSD bleeding didn’t stop and we have reached a new technical low for 2018. The previous week low 1.2661 should now act as support, but we can’t rule out the possibility of another dip or a false breakout. On the upside, the previous week high 1.2827 is our first level of interest. A daily […]

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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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