GBP Trading Outlook Archive

Trade GBP/USD Intraday: the downside prevails. Pivot: 1.4115 Our preference: short positions below 1.4115 with targets @ 1.4005 & 1.3945 in extension. Alternative scenario: above 1.4115 look for further upside with 1.4170 & 1.4245 as targets. Comment: the RSI lacks upward momentum. Supports and resistances:… Read more

GBP/USD Intraday: choppy. Pivot: 1.4170 Our preference: short positions below 1.4170 with targets @ 1.4080 & 1.4005 in extension. Alternative scenario: above 1.4170 look for further upside with 1.4245 & 1.4325 as targets. Comment: as long as 1.4170 is resistance, expect a return to 1.4080…. Read more

GBP/USD Intraday: under pressure. Pivot: 1.4245 Our preference: short positions below 1.4245 with targets @ 1.4105 & 1.4055 in extension. Alternative scenario: above 1.4245 look for further upside with 1.4325 & 1.4375 as targets. Comment: a break below 1.4105 would trigger a drop towards 1.4055…. Read more

GBP/USD ST: under pressure 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 not surpassed,… Read more

GBP/USD Intraday: key resistance at 1.4275. Pivot: 1.4275 Our preference: short positions below 1.4275 with targets @ 1.4170 & 1.4140 in extension. Alternative scenario: above 1.4275 look for further upside with 1.4325 & 1.4375 as targets. Comment: even though a continuation of the technical rebound… Read more

GBP/USD Intraday: the bias remains bullish Pivot: 1.4325 Our preference: long positions above 1.4325 with targets @ 1.4425 & 1.4455 in extension. Alternative scenario: below 1.4325 look for further downside with 1.4260 & 1.4225 as targets. Comment: a support base at 1.4325 has formed and… Read more

GBP/USD Intraday: caution Pivot: 1.4355 Our preference: long positions above 1.4355 with targets @ 1.4455 & 1.4515 in extension. Alternative scenario: below 1.4355 look for further downside with 1.4305 & 1.4260 as targets. Comment: intraday technical indicators are mixed and call for caution. Supports and… Read more

GBP/USD Intraday: the upside prevails. Pivot: 1.4260 Our preference: long positions above 1.4260 with targets @ 1.4405 & 1.4455 in extension. Alternative scenario: below 1.4260 look for further downside with 1.4225 & 1.4190 as targets. Comment: the RSI is bullish and calls for further upside…. Read more

GBP/USD Intraday: further advance. Pivot: 1.4190 Our preference: long positions above 1.4190 with targets @ 1.4285 & 1.4310 in extension. Alternative scenario: below 1.4190 look for further downside with 1.4155 & 1.4100 as targets. Comment: even though a continuation of the consolidation cannot be ruled… Read more

GBP/USD Intraday: rebound. Pivot: 1.4050 Our preference: long positions above 1.4050 with targets @ 1.4200 & 1.4240 in extension. Alternative scenario: below 1.4050 look for further downside with 1.3985 & 1.3910 as targets. Comment: the RSI is mixed to bullish. Supports and resistances: 1.4310 *… Read more