GBP Trading Outlook Archive

GBPUSD Pivot: 1.531 Likely scenario: Short positions below 1.531 with targets @ 1.52 & 1.515 in extension. Alternative scenario: Above 1.531 look for further upside with 1.538 & 1.543 as targets. Comment: As long as 1.531 is resistance, look for choppy price action with a… Read more

Medium Term Strategy: Forex Pair of the day GBP/USD – pulling back The pair has broken above the 50-days moving average and is currently posting a pull back. Thus, as long as 1.5070 holds on the downside (horizontal support and overlap), further advance is likely with… Read more

GBPUSD Pivot: 1.54 Likely scenario: Short positions below 1.54 with targets @ 1.529 & 1.524 in extension. Alternative scenario: Above 1.54 look for further upside with 1.546 & 1.553 as targets. Comment: The RSI is badly directed.

Medium Term Strategy: Forex Pair of the day GBP/JPY – under pressure The pair is currently posting a pull back but remains capped by the 200-days moving average. Moreover, the daily RSI stands below its neutrality area. Then, as long as 191 holds as a resistance,… Read more

GBPUSD Pivot: 1.557 Likely scenario: Short positions below 1.557 with targets @ 1.545 & 1.539 in extension. Alternative scenario: Above 1.557 look for further upside with 1.566 & 1.572 as targets. Comment: As long as the resistance at 1.557 is not surpassed, the risk of… Read more

GBPUSD Pivot: 1.559 Likely scenario: Short positions below 1.559 with targets @ 1.549 & 1.545 in extension. Alternative scenario: Above 1.559 look for further upside with 1.566 & 1.572 as targets. Comment: The RSI is bearish and calls for further downside.  

GBPUSD Pivot: 1.549 Likely scenario: Long positions above 1.549 with targets @ 1.563 & 1.568 in extension. Alternative scenario: Below 1.549 look for further downside with 1.545 & 1.54 as targets. Comment: The RSI is mixed to bullish.

GBPUSD Pivot: 1.541 Likely scenario: Long positions above 1.541 with targets @ 1.5555 & 1.56 in extension. Alternative scenario: Below 1.541 look for further downside with 1.533 & 1.529 as targets. Comment: The RSI is mixed to bullish.

GBPUSD Pivot: 1.5395 Likely scenario: Short positions below 1.5395 with targets @ 1.529 & 1.525 in extension. Alternative scenario: Above 1.5395 look for further upside with 1.545 & 1.55 as targets. Comment: As long as 1.5395 is resistance, look for choppy price action with a… Read more

GBPUSD Pivot: 1.5475 Likely scenario: Short positions below 1.5475 with targets @ 1.537 & 1.5335 in extension. Alternative scenario: Above 1.5475 look for further upside with 1.551 & 1.554 as targets. Comment: As long as 1.5475 is resistance, likely decline to 1.537.