GBP Trading Outlook Archive

Medium Term Strategy: Forex Pair of the day GBP/JPY – under pressure The pair has posted a pull back but remains capped by the 50 and by the 200-days moving average. Then, as long as 191 holds as a resistance, targets on the downside are… Read more

GBPUSD Pivot: 1.541 Likely scenario: Long positions above 1.541 with targets @ 1.5465 & 1.551 in extension. Alternative scenario: Below 1.541 look for further downside with 1.537 & 1.5325 as targets. Comment: The next resistances are at 1.5465 and then at 1.551.

GBPUSD Pivot: 1.541 Likely scenario: Long positions above 1.541 with targets @ 1.551 & 1.5565 in extension. Alternative scenario: Below 1.541 look for further downside with 1.537 & 1.5325 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 1.5070 as the daily RSI is reversing up above its oversold area and stands above its neutrality area. Thus, as long as 1.5070 holds on… Read more

GBPUSD Pivot: 1.541 Likely scenario: Long positions above 1.541 with targets @ 1.5465 & 1.551 in extension. Alternative scenario: Below 1.541 look for further downside with 1.537 & 1.5325 as targets. Comment: A support base at 1.541 has formed and has allowed for a temporary… Read more

GBPUSD Pivot: 1.541 Likely scenario: Long positions above 1.541 with targets @ 1.551 & 1.5565 in extension. Alternative scenario: Below 1.541 look for further downside with 1.537 & 1.5325 as targets. Comment: The RSI is mixed to bullish.

GBPUSD Pivot: 1.538 Likely scenario: Long positions above 1.538 with targets @ 1.553 & 1.5565 in extension. Alternative scenario: Below 1.538 look for further downside with 1.5325 & 1.529 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

GBPUSD Pivot: 1.52 Likely scenario: Long positions above 1.52 with targets @ 1.53 & 1.533 in extension. Alternative scenario: Below 1.52 look for further downside with 1.517 & 1.5135 as targets. Comment: The RSI is well directed.

GBPUSD Pivot: 1.538 Likely scenario: Short positions below 1.538 with targets @ 1.529 & 1.525 in extension. Alternative scenario: Above 1.538 look for further upside with 1.543 & 1.547 as targets. Comment: As long as the resistance at 1.538 is not surpassed, the risk of… Read more