GBPUSD Outlook: 29 Aug - 02 Sep 2016

High Impact (in red) expected on the following days (GMT +8)

Mon - UK is closed for a Bank Holiday, 8.30pm (US)

Tue - 10pm (USD)
Wed - 8.15pm, 10pm, 10.30pm
Thu - 4.30pm, 8.30pm, 10pm
Fri - 4.30pm, 8.30pm, 10pm

Fib Levels100 - 1.35321
61.8 - 1.32540
50.0 - 1.31686
38.2 - 1.30831 23.6 - 1.29762
0.0 - 1.28095

Weekly
H - 1.32721
L - 1.30333
O - 1.30732
C - 1.31273

Friday
H - 1.32701
L - 1.31222
O - 1.31908
C - 1.31273

Resistance: 1.3250, 1.3286, 1.3348, 1.342

Support: 1.307, 1.30831, 1.317, 1.319 

Not much movement expected on Monday. Buy the dips and sell the tops.

Expect a return to the 1.3083 levels. If support does not hold at this level, expect a run down to 1.3037 levels. Will be a good  level to buy if price hovers at this (level). If not, 1.3011, 1.298

If 1.3170 holds above, expect this pair to revisit 1.3256 . 1.3286, 1.3348, 1.342

GBPUSD Outlook: 22 Aug - 26 Aug 2016

High Impact (in red) expected on the following days (GMT +8)

Tue - 10pm
Wed - 10.30pm
Thu - 8.30pm
Fri - 4.30pm, 8.30pm

Fib Levels 100 - 1.35321
61.8 - 1.32540
50.0 - 1.31686
38.2 - 1.30831
23.6 - 1.29762
0.0 - 1.28095

Weekly
H - 1.31845
L - 1.28650
O - 1.29170
C - 1.30793

Friday
H - 1.31845
L - 1.30222
O - 1.31636
C - 1.30793

Resistance: 1.30513, 1.30831, 1.31131, 1.31686, 1.32006, 1.3254

Support: 1.30018, 1.29762, 1.29399, 1.29003, 1.28688

Fundamentally, the dollar is weak which is a bit of a tussle for this pair as technically, the pound is weak. Will be watching the Fibs level very closely. Expect the week range to be at 1.297 - 1.31686. 

Trade ideas: If breaks below 1.3, watch for the 1.297 levels. If able to break further, buy at 1.294 levels.

Selling opportunities could be at the 1.3254 levels if we get there. If not watch for 1.32 and 1.3168.

GBPUSD Outlook: 15 Aug - 19 Aug 2016

GBPUSD Outlook: 15 Aug - 19 Aug 2016

High Impact (in red) expected on the following days (GMT +8)

Tue - 4.30pm, 8.30pm
Wed - 4.30pm, 10.30pm
Thu - 1am, 2am, 4.30pm, 8.30pm
Fri - 4.30pm

Fib Levels
100 - 1.35321
61.8 - 1.32550
50.0 - 1.31695
38.2 - 1.30854
23.6 - 1.29788
0.0 - 1.28092

Weekly
H - 1.30955
L - 1.29074
O - 1.30713
C - 1.29092

Friday
H - 1.30336
L - 1.29074
O - 1.29536
C - 1.29092

We may see this pair diving down to the 1.28 levels early in the week. Any retracements will be limited to the high of the 1.302 levels. Sentiments are still bearish for this pair with many supports at the 1.29 levels.

Resistance - 1.30106, 1.30217, 1.30411, 1.30854, 1.31237

Support - 1.28611, 1.28793, 1.29092, 1.29152, 1.29629, 1.29796, 1.29974

GBPUSD Outlook: 8 Aug - 12 Aug 2016

Recap for the week 01 Aug - 05 Aug 2016
Negative fundies for the pound on Thursday and riding on the back of the strength of the dollar (Friday) saw a low for the pound.

Bearish start at the beginning of the week but it rose to nearly 200 pips to 1.33711 before the fall of about 350 pips over the Wed-Fri period.


GBPUSD Outlook: 08 Aug 2016 - 12 Aug 2016

High Impact (in red) expected on the following days (GMT +8)

Tue - 4.30pm, 8.30pm
Wed - 10pm, 10.30pm
Thu - 8.30pm
Fri - 8.30pm, 10pm

Fib Levels
100 - 1.35307
61.8 - 1.32467
50.0 - 1.31607
38.2 - 1.30746
23.6 - 1.29670
0.0 - 1.27949

Weekly
H - 1.33711
L - 1.30206
O - 1.32211
C - 1.30663

Friday
H - 1.31744
L - 1.30206
O - 1.31043
C - 1.30663

If market opens lower than or around the close of 1.30663, wait for the break down to 1.295 to buy. There is a possibility for a retrace to the 50 levels ay 1.31607. If it breaks, there will be a resistance at 1.32243. This will be a good short level.

Resistance - 1.30746, 1.31607, 1.32243, 1.32759, 1.34820

Support - 1.30139, 1.29537, 1.28936