GBP Trading Outlook Archive

Medium Term Strategy: Forex Pair of the day GBP/USD – rebounding The pair is rebounding above the strong support at 1.5070 as the daily RSI is reversing up above its oversold area and stands above its neutrality area. Thus, as long as 1.5070 holds on the… Read more

GBPUSD Pivot: 1.529 Likely scenario: Long positions above 1.529 with targets @ 1.538 & 1.543 in extension. Alternative scenario: Below 1.529 look for further downside with 1.525 & 1.521 as targets. Comment: The RSI is mixed to bullish.

GBPUSD Pivot: 1.525 Likely scenario: Long positions above 1.525 with targets @ 1.534 & 1.538 in extension. Alternative scenario: Below 1.525 look for further downside with 1.521 & 1.518 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

GBPUSD Pivot: 1.517 Likely scenario: Long positions above 1.517 with targets @ 1.529 & 1.533 in extension. Alternative scenario: Below 1.517 look for further downside with 1.5135 & 1.5105 as targets. Comment: The RSI is mixed to bullish.

GBPUSD Pivot: 1.52 Likely scenario: Short positions below 1.52 with targets @ 1.5105 & 1.508 in extension. Alternative scenario: Above 1.52 look for further upside with 1.5245 & 1.529 as targets. Comment: The RSI is mixed to bearish.

GBPUSD Pivot: 1.5165 Likely scenario: Long positions above 1.5165 with targets @ 1.5245 & 1.529 in extension. Alternative scenario: Below 1.5165 look for further downside with 1.514 & 1.5105 as targets. Comment: The RSI is mixed with a bullish bias.

GBPUSD Pivot: 1.521 Likely scenario: Short positions below 1.521 with targets @ 1.513 & 1.509 in extension. Alternative scenario: Above 1.521 look for further upside with 1.5245 & 1.5285 as targets. Comment: A break below 1.513 would trigger a drop towards 1.509.  

GBPUSD Pivot: 1.521 Likely scenario: Short positions below 1.521 with targets @ 1.513 & 1.509 in extension. Alternative scenario: Above 1.521 look for further upside with 1.5245 & 1.5285 as targets. Comment: The RSI lacks upward momentum.

GBPUSD Pivot: 1.524 Likely scenario: Short positions below 1.524 with targets @ 1.513 & 1.509 in extension. Alternative scenario: Above 1.524 look for further upside with 1.5285 & 1.5355 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.524.

GBPUSD Pivot: 1.5285 Likely scenario: Short positions below 1.5285 with targets @ 1.515 & 1.509 in extension. Alternative scenario: Above 1.5285 look for further upside with 1.5355 & 1.543 as targets. Comment: The RSI lacks upward momentum.