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Pounddollar

Pound to Dollar forecast 1H to DailyPound to Dollar forecast for December 2016. The exchange rate for beginning of December 1.23. Maximum rate 1.24, while minimum 1.20. Averaged rate for month 1.22. The forecast for pound exchange rate at the end 1.22, change for December -0.81%. GBP to USD forecast for January 2017. The exchange rate for beginning of January 1.22. Maximum rate 1.23, while minimum 1.19. Averaged rate for month 1.21. The forecast for pound exchange rate at the end 1.21, change for January -0.82%. Pound to Dollar forecast for February 2017. The exchange rate for beginning of February 1.21. Maximum rate 1.21, while minimum 1.16. Averaged rate for month 1.19. The forecast for pound exchange rate at the end 1.18, change for February -2.48%. 1H/4H Range looking for breakout Daily Small UP Channel from 2016-10-06
by iBrokers
Continuing Decline in Post-Brexit BritainAfter countless headlines detailing what seems to be a continuing spiral towards a hard brexit it is hard to see a clear spell ahead for the currently ever weakening pound. Little real positive news has appeared to suggest anything but shorting the currency in the current market with increasing volatility and a prime minster dead set on hitting the city it'd be unlikely to expect a large rally of the currency any time soon. In this analyst's opinion I expect nothing but further falls for the currency and with time we may find what appeared to be an algorithmic error becomes a very real economic reality.
Short
by Warlulz
CABLE SHORT TO 1.30: Fundamental and TechnicalGBPUSD is trading above 1.33 today, despite the broad risk-off sentiment which has seen JPY up on the day. Fundamentally: Fed members are hawkish, and at least 1 rate hike is on the table this year. September is a close call - and if we believe the hawkish rhetoric of the FOMC recently - the market is underpricing a rate hike in September. This is bullish for USD. The UK has seen a slew of good data, however the risks of Brexit remain, as well as the uncertainty about the process itself. Furthermore, it is likely that BoE cut rates in November to protect the economy from such risks, in the event they do arise. QE is still ongoing, however GBPUSD trades above pre-QE levels. This may mean Sterling is overvalued in the near term. Technically: there is strong resistance at 1.345 / 1.35. The hourly chart shows strong divergence above 1.34. There is much risk to the downside - 500 pips till the post-Brexit low of 1.28. CFTC data: a few weeks ago, GBP shorts were at record highs. Since then, shorts have reduced. This suggests there is potential for shorts to start building positions again, and that the GBP short squeeze came to an end when Cable was abruptly rejected from 1.345. Many major banks forecast Cable below 1.30 by the end of the year. I agree with this, and am short from 1.33 until 1.30, after which I will re-enter short on pullbacks or on a clear break of 1.30.
Short
by Exercise-Discipline
Should you buy or sell British Pound this week?Should you buy or sell British #Pound this week?..Read #Fed and #BoJ impact on markets at www.ForexSQ.com goo.gl The pound cut down 1.3 % this week to $1.3089 as of 5 p.m. London time Friday and pound forex traders, the sharpest decay since July 8. It run down 0.7 % to 85.26 pence per euro. Sterling moved a thirty one-year low of $1.2798 on July 6 and is down 12 % against the dollar as the June 23 referendum on Britain’s association of the EU.
by ForexSQ
GBPUSD high probability entry setup in the next few hours.There is possibility of a head and shoulders pattern forming, along with macd divergence, and a break in the uptrend, IF and only IF those three come true, we have a chance of entering the trade when price retests the neckline and starts moving down. Only once that retest is complete and price starts it's journey to the downside will we even think about entering this trade. Set a "crossing up" and a "crossing down" alert below the neckline to make monitoring this possible set up easier for you. Remember not to over leverage any position no matter how "sure" you are.
Short
by yashp1
NFP Forecast GBPUSD by ForexSQGBP/USD has been staying in a consolidation channel for the past two months since Brexit. Positive NFP numbers may force the pair to test 1.28 level. In case that support is violated, 50% Fibo expansion of Brexit fall around 1.24 level could be the next target. 1.33 area where Fibo 23.6% retracement is located can hold as a strong for a resistance for a while. 50 DMA is still staying below 100 DMA. RSI is close to 50 area and seems neutral at the moment and can stay around that level until NFP numbers are released. It will be difficult for GBP to gain back the value following Brexit against USD since BoE and Fed are to follow different paths as far as their interest rate policy is concerned. BoE is expected keep expanding its monetary base to offset the negative impacts of Brexit in future meetings. Read more at www.ForexSQ.com
by ForexSQ
My GBP/USD Range For Week 24 Of 2016From what I am expecting is that the GBP/USD will consolidate in this 1.40-1.435 zone (unless there are some new fundamentals, and with Brexit 2 weeks away I will not be surprised. This is the zone I am looking to trade the GBP/USD in, until it breaks out either way. Anyway, expect lots of volatility next two weeks. This week is also a big one, so anything is possible, trade with care. By the way, I am in no way, shape or form an experienced trader (or maybe not even a trader), so follow this at your own peril :)
by ibo2
The BREXIT three to watchBREXIT fever has hit the world of forex. I suggest these are the big three to watch: GBPUSD, EURUSD, and GBPEUR (or EURGBP). There is a macro-psychology operating out there I suspect. In times of trouble and uncertainty human nature tends to take the safe position. Hence Sterling has taken a step down for the moment because the reality is that 'everybody' wishes to safeguard their positions. However in recent days there is a growing realisation among some that Sterling simply won't just roll over and fall off the charts. If Britain does BREXIT, the uncertainty would be put to bed (at least for a while). -The EURO has been in trouble for the last 5 years. Also, watch for the next shock wave expected to hit Deutschebank - over leveraged to the tune of 73 Trillion . (This does not mean that the EURO depends totally on Deutschebank) -The European Union has been crumbling economically for quite a few years. Some know about it and some don't. The Union may not withstand a Brexit. The whole 'house of cards' may come tumbling down in the year or two following Brexit. - If Britain Brexits, I suspect the pound will take off like a rocket in the week or two after. - Turbulence in the forex markets will 'infect' the stock markets. Britain is a resourceful nation - its people willing to sacrifice for a greater end. The Brits mean business. As I travel all over the UK all I see in every major city is extensive overhauling of buildings, construction of new structures, and roadways. Business is booming here. I think they've been preparing for Brexit for at least the last 5 years. Brexit - should it happen, will simply be the starter's shot At the moment - if Brexit, my expectation ( not prediction ) is for GBPUSD to fall further but then rise again like the Phoenix. I expect EURUSD to fall in the next few weeks and continue south whatever happens. I therefore reason that GBPEUR or EURGBP are safer at this time or over next few weeks. If no Brexit - sterling is still likely to rise, as uncertainty is relieved. Britain continues to grow regardless of the state of the Union. This is not a time for fear. We live for volatility! But expected greater degrees of turbulence, means that our risk management processes need to be sharpened up. This is the real business. Sloppy traders will be shaken out. Disciplined traders will have a fun time! Best wishes to all.
by Captain_Walker
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