GBP Trading Outlook Archive

GBP/USD Intraday: the downside prevails. Pivot: 1.4200 Our preference: short positions below 1.4200 with targets @ 1.4050 & 1.3985 in extension. Alternative scenario: above 1.4200 look for further upside with 1.4290 & 1.4360 as targets. Comment: as long as the resistance at 1.4200 is not… Read more

GBP/USD Intraday: under pressure. Pivot: 1.4290 Our preference: short positions below 1.4290 with targets @ 1.4140 & 1.4050 in extension. Alternative scenario: above 1.4290 look for further upside with 1.4360 & 1.4405 as targets. Comment: as long as the resistance at 1.4290 is not surpassed,… Read more

GBP/USD Intraday: consolidation. Pivot: 1.4465 Our preference: short positions below 1.4465 with targets @ 1.4330 & 1.4290 in extension. Alternative scenario: above 1.4465 look for further upside with 1.4520 & 1.4610 as targets. Comment: the RSI is bearish and calls for further decline. Supports and… Read more

GBP/USD Intraday: the bias remains bullish. Pivot: 1.4400 Our preference: long positions above 1.4400 with targets @ 1.4520 & 1.4610 in extension. Alternative scenario: below 1.4400 look for further downside with 1.4330 & 1.4290 as targets. Comment: even though a continuation of the consolidation cannot… Read more

GBP/USD Intraday: the upside prevails. Pivot: 1.4360 Our preference: long positions above 1.4360 with targets @ 1.4510 & 1.4575 in extension. Alternative scenario: below 1.4360 look for further downside with 1.4290 & 1.4200 as targets. Comment: the RSI is bullish and calls for further upside…. Read more

GBP/USD Intraday: bounce. Pivot: 1.4145 Our preference: long positions above 1.4145 with targets @ 1.4280 & 1.4340 in extension. Alternative scenario: below 1.4145 look for further downside with 1.4085 & 1.4050 as targets. Comment: the RSI is bullish and calls for further upside. Supports and… Read more

GBP/USD Intraday: the downside prevails. Pivot: 1.4250 Our preference: short positions below 1.4250 with targets @ 1.4130 & 1.4090 in extension. Alternative scenario: above 1.4250 look for further upside with 1.4290 & 1.4335 as targets. Comment: the RSI is mixed with a bearish bias. Supports… Read more

GBP/USD Intraday: under pressure Pivot: 1.4390 Our preference: short positions below 1.4390 with targets @ 1.4277 & 1.4250 in extension. Alternative scenario: above 1.4390 look for further upside with 1.4440 & 1.4470 as targets. Comment: the RSI is mixed to bearish. Supports and resistances: 1.4470… Read more

GBP/USD ST: key resistance at 1.4660. Pivot: 1.4660 Our preference: short positions below 1.4660 with targets @ 1.3835 & 1.3630 in extension. Alternative scenario: above 1.4660 look for further upside with 1.4950 & 1.5240 as targets. Comment: as long as the resistance at 1.4660 is… Read more

GBP/USD Intraday: bullish bias above 1.4220. Pivot: 1.4220 Our preference: long positions above 1.4220 with targets @ 1.4335 & 1.4390 in extension. Alternative scenario: below 1.4220 look for further downside with 1.4130 & 1.4070 as targets. Comment: the RSI is mixed with a bullish bias…. Read more