GBP Trading Outlook Archive

Medium Term Strategy: Forex Pair of the day GBP/USD – further weakness The pair has broken below the support at 1.5070 and remains under pressure below the declining moving averages. Moreover, the daily RSI stands below its neutrality area. Further weakness is therefore likely with 1.4850… Read more

Medium Term Strategy: Forex Pair of the day GBP/JPY – further weakness The pair is posting a pull back but stands below the resistance at 191. Moreover, the daily RSI is reversing down and stands below its neutrality area. Then, as long as 191 holds as… Read more

Medium Term Strategy: Forex Pair of the day GBP/USD – under pressure The pair has broken below the support at 1.5070 and is currently posting a pull back. Moreover, the daily RSI stands below its neutrality area. Further weakness is therefore likely with 1.4850 as a… Read more

Medium Term Strategy: Forex Pair of the day GBP/JPY – under pressure The pair is posting a pull back but stands below the resistance at 191. Moreover, the daily RSI lacks upward momentum and is reversing down. Then, as long as 191 holds as a… Read more

Medium Term Strategy: Forex Pair of the day GBP/USD – under pressure The pair has broken below the support at 1.5070 and is currently posting a pull back. Moreover, the dailty RSI stands below its neutrality area. Further weakness is therefore likely with 1.4850 as a… Read more

Intraday Technical Strategy AUD/USD Intraday: the downside prevails. Pivot 0.7175 Our preference Short positions below 0.7175 with targets @ 0.712 & 0.709 in extension. Alternative scenario Above 0.7175 look for further upside with 0.72 & 0.7225 as targets. Comment As long as the resistance at… Read more

GBP/USD Intraday: the upside prevails. Pivot: 1.5375 Our preference: Long positions above 1.5375 with targets @ 1.549 & 1.551 in extension. Alternative scenario: Below 1.5375 look for further downside with 1.5345 & 1.5305 as targets. Comment: Technically the RSI is above its neutrality area at… Read more

Medium Term Strategy: Forex Pair of the day GBP/USD – on the upside The pair has rebounded above the strong support at 1.5070 and is currently posting a pull back. Thus, as long as 1.5070 holds on the downside (horizontal support and overlap), a rebound… Read more

GBPUSD Pivot: 1.5435 Likely scenario: Short positions below 1.5435 with targets @ 1.536 & 1.5325 in extension. Alternative scenario: Above 1.5435 look for further upside with 1.5475 & 1.551 as targets. Comment: As long as the resistance at 1.5435 is not surpassed, the risk of… Read more