GBP Trading Outlook Archive

GBPUSD Pivot: 1.5645 Likely scenario: Short positions below 1.5645 with targets @ 1.554 & 1.55 in extension. Alternative scenario: Above 1.5645 look for further upside with 1.569 & 1.5735 as targets. Comment: The RSI is mixed to bearish.

GBPUSD Pivot: 1.5595 Likely scenario: Long positions above 1.5595 with targets @ 1.5675 & 1.571 in extension. Alternative scenario: Below 1.5595 look for further downside with 1.557 & 1.554 as targets. Comment: Technically the RSI is above its neutrality area at 50.

Medium Term Strategy: Forex Pair of the day GBP/JPY – the upside prevails The pair has strongly rebounded above the support at 185 and remains on the upside. Further advance is likely as the moving averages and the daily RSI remain well directed. Next targets are… Read more

GBPUSD Pivot: 1.564 Our preference: Short positions below 1.564 with targets @ 1.557 & 1.554 in extension. Alternative scenario: Above 1.564 look for further upside with 1.5675 & 1.571 as targets. Comment: As long as the resistance at 1.564 is not surpassed, the risk of… Read more

GBPUSD Pivot: 1.554 Likely Scenario: Long positions above 1.554 with targets @ 1.5675 & 1.571 in extension. Alternative scenario: Below 1.554 look for further downside with 1.551 & 1.548 as targets. Comment: Technically the RSI is above its neutrality area at 50.

GBP/USD – the upside prevails The pair has rebounded above the strong support at 1.5170 as the daily RSI is well directed. Thus, as long as 1.5170 holds on the downside (horizontal support and overlap), further advance is likely with 1.5935 as a first target… Read more

GBPUSD Pivot: 1.559 Likely Scenario: Short positions below 1.559 with targets @ 1.551 & 1.548 in extension. Alternative scenario: Above 1.559 look for further upside with 1.5615 & 1.5635 as targets. Comment: The RSI is bearish and calls for further downside.

GBPUSD Pivot: 1.555 Likely Scenario: Long positions above 1.555 with targets @ 1.5635 & 1.567 in extension. Alternative scenario: Below 1.555 look for further downside with 1.551 & 1.5455 as targets. Comment: The RSI is mixed to bullish.

GBPUSD Pivot: 1.551 Likely Scenario: Long positions above 1.551 with targets @ 1.5605 & 1.5635 in extension. Alternative scenario: Below 1.551 look for further downside with 1.5455 & 1.542 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

GBPUSD Pivot: 1.5545 Likely scenario: Short positions below 1.5545 with targets @ 1.542 & 1.5365 in extension. Alternative scenario: Above 1.5545 look for further upside with 1.559 & 1.5635 as targets. Comment: The RSI lacks upward momentum.