GBP Trading Outlook Archive

GBPUSD Pivot: 1.5395 Likely scenario: Long positions above 1.5395 with targets @ 1.5475 & 1.551 in extension. Alternative scenario: Below 1.5395 look for further downside with 1.5335 & 1.529 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

GBPUSD Pivot: 1.539 Likely scenario: Long positions above 1.539 with targets @ 1.5475 & 1.551 in extension. Alternative scenario: Below 1.539 look for further downside with 1.5335 & 1.529 as targets. Comment: Technically the RSI is above its neutrality area at 50.

Medium Term Strategy: Forex Pair of the day GBP/JPY – under pressure The pair has broken below the strong support at 185 and below the 200-days moving average and is currently posting a pull back. Moreover, the daily RSI stands below its neutrality area. Then, as… Read more

GBPUSD Pivot: 1.532 Likely scenario: Long positions above 1.532 with targets @ 1.541 & 1.544 in extension. Alternative scenario: Below 1.532 look for further downside with 1.529 & 1.5265 as targets. Comment: Even though a continuation of the consolidation cannot be ruled out, its extent… Read more

GBPUSD Pivot: 1.532 Likely scenario: Long positions above 1.532 with targets @ 1.544 & 1.5475 in extension. Alternative scenario: Below 1.532 look for further downside with 1.529 & 1.5265 as targets. Comment: The RSI lacks downward momentum.

GBPUSD Pivot: 1.5265 Likely scenario: Long positions above 1.5265 with targets @ 1.5385 & 1.541 in extension. Alternative scenario: Below 1.5265 look for further downside with 1.524 & 1.52 as targets. Comment: The RSI is well directed.

GBPUSD Pivot: 1.5215 Likely scenario: Short positions below 1.5215 with targets @ 1.515 & 1.512 in extension. Alternative scenario: Above 1.5215 look for further upside with 1.526 & 1.531 as targets. Comment: As long as 1.5215 is resistance, look for choppy price action with a… Read more

GBPUSD Pivot: 1.529 Likely scenario: Short positions below 1.529 with targets @ 1.5215 & 1.5165 in extension. Alternative scenario: Above 1.529 look for further upside with 1.534 & 1.538 as targets. Comment: The RSI is badly directed.

Medium Term Strategy: Forex Pair of the day GBP/JPY – further weakness The pair has broken below the strong support at 185 and below the 200-days moving average. Moreover, the daily RSI is badly directed and advocates for further weakness. Then, as long as 191 holds… Read more

GBPUSD Pivot: 1.534 Likely scenario: Short positions below 1.534 with targets @ 1.526 & 1.521 in extension. Alternative scenario: Above 1.534 look for further upside with 1.538 & 1.5445 as targets. Comment: The RSI is mixed to bearish.