GBP Trading Outlook Archive

GBPUSD Pivot: 1.5565 Likely scenario: Short positions below 1.5565 with targets @ 1.547 & 1.545 in extension. Alternative scenario: Above 1.5565 look for further upside with 1.559 & 1.5635 as targets. Comment: Technically the RSI is below its neutrality area at 50.

GBPUSD Pivot: 1.556 Likely scenario: Long positions above 1.556 with targets @ 1.565 & 1.568 in extension. Alternative scenario: Below 1.556 look for further downside with 1.5525 & 1.55 as targets. Comment: The RSI is well directed.

GBPUSD Pivot: 1.556 Likely scenario: Long positions above 1.556 with targets @ 1.568 & 1.571 in extension. Alternative scenario: Below 1.556 look for further downside with 1.5525 & 1.55 as targets. Comment: The RSI is well directed.

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… Read more

GBPUSD Pivot: 1.5645 Likely scenario: Short positions below 1.5645 with targets @ 1.5555 & 1.5535 in extension. Alternative scenario: Above 1.5645 look for further upside with 1.568 & 1.572 as targets. Comment: A break below 1.5555 would trigger a drop towards 1.5535.  

Medium Term Strategy: Forex Pair of the day GBP/USD – rebound 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… Read more

GBPUSD Pivot: 1.559 Likely scenario: Long positions above 1.559 with targets @ 1.568 & 1.574 in extension. Alternative scenario: Below 1.559 look for further downside with 1.5555 & 1.5535 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is… Read more

GBPUSD Pivot: 1.5645 Likely scenario: Short positions below 1.5645 with targets @ 1.556 & 1.5535 in extension. Alternative scenario: Above 1.5645 look for further upside with 1.569 & 1.5735 as targets. Comment: As long as 1.5645 is resistance, look for choppy price action with a… Read more

GBPUSD Pivot: 1.557 Likely scenario: Long positions above 1.557 with targets @ 1.5635 & 1.569 in extension. Alternative scenario: Below 1.557 look for further downside with 1.5535 & 1.5495 as targets. Comment: The RSI lacks downward momentum.

GBPUSD Pivot: 1.557 Likely scenario: Long positions above 1.557 with targets @ 1.5625 & 1.567 in extension. Alternative scenario: Below 1.557 look for further downside with 1.5535 & 1.5495 as targets. Comment: The RSI lacks downward momentum.