GBP Trading Outlook Archive

GBPUSD Pivot: 1.538 Likely scenario: Short positions below 1.538 with targets @ 1.5265 & 1.521 in extension. Alternative scenario: Above 1.538 look for further upside with 1.5445 & 1.55 as targets. Comment: As long as 1.538 is resistance, likely decline to 1.5265.

GBPUSD Pivot: 1.5445 Likely scenario: Short positions below 1.5445 with targets @ 1.5335 & 1.5265 in extension. Alternative scenario: Above 1.5445 look for further upside with 1.55 & 1.557 as targets. Comment: As long as the resistance at 1.5445 is not surpassed, the risk of… Read more

GBPUSD Pivot: 1.5445 Likely scenario: Short positions below 1.5445 with targets @ 1.5325 & 1.5265 in extension. Alternative scenario: Above 1.5445 look for further upside with 1.55 & 1.557 as targets. Comment: Intraday technical indicators are mixed and call for caution.

GBPUSD Pivot: 1.568 Likely scenario: Short positions below 1.568 with targets @ 1.556 & 1.553 in extension. Alternative scenario: Above 1.568 look for further upside with 1.5725 & 1.5755 as targets. Comment: The RSI is badly directed.

GBPUSD Pivot: 1.572 Likely scenario: Long positions above 1.572 with targets @ 1.5805 & 1.5835 in extension. Alternative scenario: Below 1.572 look for further downside with 1.569 & 1.5655 as targets. Comment: The RSI is well directed.

GBPUSD Pivot: 1.5655 Likely scenario: Long positions above 1.5655 with targets @ 1.5725 & 1.577 in extension. Alternative scenario: Below 1.5655 look for further downside with 1.56 & 1.556 as targets. Comment: A support base at 1.5655 has formed and has allowed for a temporary… Read more

GBPUSD Pivot: 1.572 Likely scenarios: Short positions below 1.572 with targets @ 1.563 & 1.56 in extension. Alternative scenario: Above 1.572 look for further upside with 1.577 & 1.5805 as targets. Comment: As long as the resistance at 1.572 is not surpassed, the risk of… Read more

Medium Term Strategy: Forex Pair of the day GBPUSD – the upside prevails The pair has rebounded above the strong support at 1.5170 as the daily RSI is well directed above its neutrality area. Thus, as long as 1.5170 holds on the downside (horizontal support… Read more

GBPUSD Pivot: 1.572 Likely scenario: Short positions below 1.572 with targets @ 1.5615 & 1.5575 in extension. Alternative scenario: Above 1.572 look for further upside with 1.577 & 1.5805 as targets. Comment: As long as the resistance at 1.572 is not surpassed, the risk of… Read more

GBPUSD Pivot: 1.564 Likely scenario: Long positions above 1.564 with targets @ 1.572 & 1.577 in extension. Alternative scenario: Below 1.564 look for further downside with 1.5615 & 1.5575 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is… Read more