The pair is still trading along with a sideways trend between support 1.3975 and resistance at 1.4350. Break above would lead to next resistance target at 1.4600, on the downside 1.3500 act as the crucial support.
The short term outlook for the GBP/USD pair turned into bearish after Fridayās NFPs and bad UK PMIs today. Cable is down today with some 100 pips and now poised is to extend its decline. First support comes at 1.3979 (last weekās low) and in case of breaching it, doors will be opened for testing 1.3940.
The pound recorded a neutral session against the dollar on Tuesday. So the couple stayed at the lower levels they reached at the beginning of the week. Trading was open at 1.3957, and the finale was 11 pips down. Around midday, the bearish moods prevailed, and support at 1.3912 was punctured after the bottom was hit at 1.3836. Short-term expectations remain in favor of the US currency.
Key levels to watch for:
Support: 1.3912; 1.3828;
Resistance: 1.4283; 1.4345;
The double top was accomplished and now, there is a support on 1.3884. if it is breached, wait for decline to 1.35100.
Interesting day for GBP/USD. We have strong Sterling on BoE and the pair skyrocketed to reach daily high at 1.4013. Th afternoon will bring US macto data, so letās see how the greenback will behave.
Pound/dollar had a bearish momentum yesterday, reaching bottom at 1.3848. The signals are bearish so far, especially if the price can make a clear break below 1.3835 for testing at 1.3750. The first resistance is 1.3935, whose breakthrough can take the price to a neutral trading area with 1.3978 testing. Overall, I remain upward, but the longer the pair stays below 1.4275, the price is still in the downward consolidation phase.
On Friday, the US dollar moved to growth against other major currencies after the US Congress voted for an agreement on the parameters of the federal budget for the next two years, ending a short suspension of the government. The pair GBP/USD dropped 0.86% to 1.3793 in the afternoon.
The GBPUSD is trying to go back to its bullish trend, but the 1.3900 level is acting as a resistance at the moment, therefore we may see a bearish bounce to the low at the 1.3764 level.
GBP/USD pushed higher today and inched close to 1.41, but bulls were not strong enough to keep this level. Currently the pair is trading at 1.4050 and again 1.4080 comes as first resistance.
sorry dude I dont spend alot of time in the forums anymore, and I am willing to help and help a heap of people, improve in forex, forex is really very much like chess. How did I know what the big banks are doing? for several reasons, for starts I have their level 2 data, not that I really need it, as I can tell anyways. I have been at this trading thing for 20 years, so it didnt come easy even if its all easy now 
eurusd be a seller I tell people everyday what the big banks are doing, its obvious! all you need to do is enter and exit intelligently. And manage your risk smartly and not like a RT that just graduated from preschool. send me a DM Saltatrix and ill help you out.
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no, he doesnt know :Ć
I favor the sell on the touchback to 1.4150
my team loaded up big and fat short fading the top at 1.4150 like I said yesterday, just figured Iād be a nice guy and share the NO BRAINER trade
Yes plenty time Elijah, Just that I donāt really follow this thread - itās full of learned contributors saying āIf it doesnāt go up it might go downā
So I didnāt see it. Iām out for a while now, but Iāll study your chart later and see what I can learn from it.
Respect for the forecast though 
it was spot on of course. RTās went long on the break of 1.4100 dunno why 
this trade was so easy a baby could have gotten it. and now is not the time to go short! that was yesterday as price approached the level 1.4150
I think that is called a ābreakout tradeā - Itās in the books (if the candle closes above āresistanceā¦ā )
But of course āthe predatorsā can read the books too
hahaha oh yeah I dont read many books, I write them, the breakout trade is the least probabilty trade there is BTW, thats the whipsaw trade for me, breakout bwhahahaha, breakout all the $ outta your wallets LOL