GBP Trading Outlook Archive

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 set… Read more

  GBPUSD Pivot: 1.555 Likely scenario: Long positions above 1.555 with targets @ 1.5675 & 1.573 in extension. Alternative scenario: Below 1.555 look for further downside with 1.5495 & 1.545 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its… Read more

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 (June… Read more

  GBPUSD Pivot: 1.555 Likely scenario: Long positions above 1.555 with targets @ 1.5675 & 1.573 in extension. Alternative scenario: Below 1.555 look for further downside with 1.5495 & 1.545 as targets. Comment: The RSI is well directed.

  GBPUSD Pivot: 1.555 Likely scenario: Short positions below 1.555 with targets @ 1.5465 & 1.541 in extension. Alternative scenario: Above 1.555 look for further upside with 1.559 & 1.5605 as targets. Comment: The RSI is badly directed.

GBPUSD Pivot: 1.5415 Likely scenario: Short positions below 1.5415 with targets @ 1.5325 & 1.527 in extension. Alternative scenario: Above 1.5415 look for further upside with 1.548 & 1.553 as targets. Comment: The upward potential is likely to be limited by the resistance at 1.5415…. Read more

GBPUSD Pivot: 1.5415 Likely scenario: Short positions below 1.5415 with targets @ 1.5325 & 1.527 in extension. Alternative scenario: Above 1.5415 look for further upside with 1.548 & 1.553 as targets. Comment: As long as 1.5415 is resistance, look for choppy price action with a… Read more

GBPUSD Pivot: 1.553 Likely scenario: Short positions below 1.553 with targets @ 1.5405 & 1.5365 in extension. Alternative scenario: Above 1.553 look for further upside with 1.5605 & 1.5645 as targets. Comment: A break below 1.5405 would trigger a drop towards 1.5365.  

GBPUSD Pivot: 1.553 Likely scenario: Long positions above 1.553 with targets @ 1.5645 & 1.568 in extension. Alternative scenario: Below 1.553 look for further downside with 1.5485 & 1.5425 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

GBPUSD Pivot: 1.564 Likely scenario: Short positions below 1.564 with targets @ 1.554 & 1.5485 in extension. Alternative scenario: Above 1.564 look for further upside with 1.568 & 1.574 as targets. Comment: A break below 1.554 would trigger a drop towards 1.5485.