GBP/USD: technical outlook from banks

GBP/USD: technical outlook from banks

2019-11-11 • Updated

Commerzbank

Commerzbank’s analysts remain their neutrally positive technical outlook for GBP/USD in the short-term. Last week, the pound reached 1.2966, then, moved into the consolidation phase.  As long as the pound is trading above the April 21st low (1.2755) we can’t talk about the imminent reversal of the current short-term bullish trend.

BofA Merrill Lynch

The bank’s analysts got inspired by the idea of the snap election in the UK and turned positive on the GBP/USD.

The pair is trading above 200-day MA (1.2607). The current rally can be exhausted at around 1.3000. A drop below 1.2608 may send quotes lower towards 1.2515 (April 18 low), or towards 1.2346 (February low).

Credit Suisse

is long on the GBP/USD from 1.2934 with take-profit at 1.3120 and stop-loss at 1.2759.

 

Similar

Trade ideas for March 28 - April 1
Trade ideas for March 28 - April 1

Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!

GBP/USD Near Supply Zone
GBP/USD Near Supply Zone

GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.

Latest news

Walmart earnings outlook
Walmart earnings outlook

Walmart is one of the biggest retail corporations in the US, with $244 billion in total assets. Does it worth buying amid rising prices and supply concerns that shatter the world economy?

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera