The fate of GBPUSD. Please Help a worried soul

The GBPUSD may go back down to the congestion area between the 1.4500 level and the 1.4000 level.

I bloody hope not …

The GBPUSD bounces to the upside from the 55 day EMA and may get to the 1.4500 level. But if it continues dropping, then the 1.4300 may act as support.

The GBPUSD has bounced twice from the 200 day EMA to the downside, but it may go back up from the 1.4500 level.

The 1.4700 level may keep acting as a resistance on the GBPUSD and the 1.4600 level may act as a support.

The bearish trend is still in place on the GBPUSD and it may try to visit the 1.4300 level.

The GBPUSD retraces above the 1.4450 level, which is where we can see the 55 Day EMA. The long, lower daily shadow is indicating that the buyers are taking control of the instrument.

What is your interest/bias?

Are you in a position?

The volatility continues on the GBPUSD, the 1.4700 may keep acting as resistance and the 1.4400 as support.

Were looking at another week downtrend on gbp nzd so gbp usd should go up

The pair is stuck in a relatively wide range between 1.4330 and 1.4740 which is most obvious on the daily time frame. Currently it’s rising towards 1.4600 again. I don’t think we’ll see the range end before Brexit.

Probably not.

The GBPUSD visits once again the 1.4500 level and stalls there, the pair may go higher, but it is also very undecided and may try to drop below the 1.4500 level.

How are you trading this, then?

more’s the point, why is he trading it.
it’s stuck in the middle of nowhere doing nothing & probably won’t now until after the chaotic referendum show has finished.

Yes, it’s a mess… :slight_smile:

The GBPUSD rallies again, it may try to reach the 1.4700 level. To the downside, the 1.4500 level may act as support.

It did reach it, but then bounced off of it and now it’s back below 1.4650. We’ll see a lot more volatility and no clear direction in the coming days.

The GBPUSD may stay oscillating around the 1.3400 level, the 1.3225 may be support.

Good support on the 1.3200 level for the GBPUSD, not wanting to break below it. Next resistance may be the 1.3532.