GBP Trading Outlook Archive

GBPUSD Pivot: 1.5535 Likely scenario: Long positions above 1.5535 with targets @ 1.5595 & 1.5625 in extension. Alternative scenario: Below 1.5535 look for further downside with 1.5495 & 1.5465 as targets. Comment: The RSI is mixed to bullish.

  GBPUSD Pivot: 1.5535 Likely scenario: Short positions below 1.5535 with targets @ 1.5495 & 1.5465 in extension. Alternative scenario: Above 1.5535 look for further upside with 1.557 & 1.561 as targets. Comment: Intraday technical indicators are mixed and call for caution.  

  Medium Term Strategy: Forex Pair of the day GBP/JPY – rebound 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: 1.557 Likely scenario: Short positions below 1.557 with targets @ 1.549 & 1.5465 in extension. Alternative scenario: Above 1.557 look for further upside with 1.561 & 1.564 as targets. Comment: A break below 1.549 would trigger a drop towards 1.5465.  

  GBPUSD Pivot: 1.558 Likely scenario: Long positions above 1.558 with targets @ 1.564 & 1.5675 in extension. Alternative scenario: Below 1.558 look for further downside with 1.555 & 1.5525 as targets. Comment: The RSI is well directed.

  Medium Term Strategy: Forex Pair of the day GBP/USD – rebound The pair has rebounded above the strong support at 1.5170. 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: 1.5585 Likely scenario: Short positions below 1.5585 with targets @ 1.5535 & 1.5495 in extension. Alternative scenario: Above 1.5585 look for further upside with 1.5605 & 1.563 as targets. Comment: As long as 1.5585 is resistance, look for choppy price action with… Read more

  GBPUSD Pivot: 1.563 Likely scenario: Short positions below 1.563 with targets @ 1.5535 & 1.5495 in extension. Alternative scenario: Above 1.563 look for further upside with 1.5675 & 1.573 as targets. Comment: The RSI is mixed to bearish.  

GBPUSD Pivot: 1.564 Likely scenario: Short positions below 1.564 with targets @ 1.5555 & 1.5495 in extension. Alternative scenario: Above 1.564 look for further upside with 1.5675 & 1.573 as targets. Comment: The RSI is bearish and calls for further downside.

GBPUSD Pivot: 1.556 Likely scenario: Long positions above 1.556 with targets @ 1.5675 & 1.573 in extension. Alternative scenario: Below 1.556 look for further downside with 1.5495 & 1.545 as targets. Comment: The RSI is well directed.