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Sunday, August 28, 2016

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




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