GBP Trading Outlook Archive

Trade GBP/USD Intraday: the bias remains bullish.   Pivot: 1.4520 Our preference: long positions above 1.4520 with targets @ 1.4640 & 1.4685 in extension. Alternative scenario: below 1.4520 look for further downside with 1.4465 & 1.4430 as targets. Comment: technically the RSI is above its neutrality… Read more

Trade GBP/USD Intraday: bullish bias above 1.4420. Pivot: 1.4420 Our preference: long positions above 1.4420 with targets @ 1.4495 & 1.4530 in extension. Alternative scenario: below 1.4420 look for further downside with 1.4380 & 1.4335 as targets. Comment: even though a continuation of the consolidation cannot… Read more

Trade GBP/USD Intraday: further advance. Pivot: 1.4420 Our preference: long positions above 1.4420 with targets @ 1.4530 & 1.4570 in extension. Alternative scenario: below 1.4420 look for further downside with 1.4380 & 1.4335 as targets. Comment: the RSI calls for a new upleg. Supports and resistances:… Read more

Trade GBP/USD Intraday: the downside prevails. Pivot: 1.4425 Our preference: short positions below 1.4425 with targets @ 1.4320 & 1.4285 in extension. Alternative scenario: above 1.4425 look for further upside with 1.4465 & 1.4490 as targets. Comment: the RSI is bearish and calls for further decline…. Read more

GBP/USD Intraday: bullish bias above 1.4430 Pivot: 1.4430 Our preference: long positions above 1.4430 with targets @ 1.4490 & 1.4530 in extension. Alternative scenario: below 1.4430 look for further downside with 1.4405 & 1.4370 as targets. Comment: a support base at 1.4430 has formed and… Read more

Trade GBP/USD Intraday: further upside. Pivot: 1.4520 Our preference: long positions above 1.4520 with targets @ 1.4640 & 1.4670 in extension. Alternative scenario: below 1.4520 look for further downside with 1.4465 & 1.4410 as targets. Comment: the RSI is bullish and calls for further upside. Supports… Read more

Trade GBP/USD Intraday: caution. Pivot: 1.4520 Our preference: long positions above 1.4520 with targets @ 1.4585 & 1.4640 in extension. Alternative scenario: below 1.4520 look for further downside with 1.4465 & 1.4410 as targets. Comment: intraday technical indicators are mixed and call for caution. Supports… Read more

GBP/USD Intraday: bullish bias above 1.4340 Pivot: 1.4340 Our preference: long positions above 1.4340 with targets @ 1.4425 & 1.4460 in extension. Alternative scenario: below 1.4340 look for further downside with 1.4285 & 1.4240 as targets. Comment: even though a continuation of the consolidation cannot… Read more

Trade GBP/USD ST: under pressure Pivot: 1.4660 Our preference: short positions below 1.4660 with targets @ 1.3835 & 1.3630 in extension. Alternative scenario: above 1.4660 look for further upside with 1.4950 & 1.5240 as targets. Comment: the RSI lacks upward momentum. Supports and resistances: 1.5240… Read more

Trade GBP/USD Intraday: further advance. Pivot: 1.4050 Our preference: long positions above 1.4050 with targets @ 1.4170 & 1.4245 in extension. Alternative scenario: below 1.4050 look for further downside with 1.4005 & 1.3945 as targets. Comment: the RSI is bullish and calls for further advance…. Read more