GBP Trading Outlook Archive

GBP/USD Intraday: the downside prevails. Pivot: 1.4050 Our preference: short positions below 1.4050 with targets @ 1.3875 & 1.3820 in extension. Alternative scenario: above 1.4050 look for further upside with 1.4170 & 1.4250 as targets. Comment: a break below 1.3875 would trigger a drop towards… Read more

GBP/USD Intraday: the downside prevails. Pivot: 1.4080 Our preference: short positions below 1.4080 with targets @ 1.3920 & 1.3820 in extension. Alternative scenario: above 1.4080 look for further upside with 1.4170 & 1.4250 as targets. Comment: the RSI lacks upward momentum. Supports and resistances: 1.4250… Read more

GBP/USD Intraday: under pressure. Pivot: 1.4250 Our preference: short positions below 1.4250 with targets @ 1.4055 & 1.3990 in extension. Alternative scenario: above 1.4250 look for further upside with 1.4340 & 1.4405 as targets. Comment: even though a continuation of the technical rebound cannot be… Read more

GBP/USD Intraday: under pressure Pivot: 1.4340 Our preference: short positions below 1.4340 with targets @ 1.4250 & 1.4205 in extension. Alternative scenario: above 1.4340 look for further upside with 1.4405 & 1.4465 as targets. Comment: the RSI is badly directed. Supports and resistances: 1.4465 **… Read more

GBP/USD Intraday: the bias remains bullish. Pivot: 1.4270 Our preference: long positions above 1.4270 with targets @ 1.4400 & 1.4465 in extension. Alternative scenario: below 1.4270 look for further downside with 1.4240 & 1.4205 as targets. Comment: the RSI lacks downward momentum. Supports and resistances:… Read more

GBP/USD Intraday: under pressure. Pivot: 1.4340 Our preference: short positions below 1.4340 with targets @ 1.4240 & 1.4205 in extension. Alternative scenario: above 1.4340 look for further upside with 1.4400 & 1.4465 as targets. Comment: technically the RSI is below its neutrality area at 50…. Read more

GBP/USD Intraday: under pressure. Pivot: 1.4400 Our preference: short positions below 1.4400 with targets @ 1.4240 & 1.4205 in extension. Alternative scenario: above 1.4400 look for further upside with 1.4465 & 1.4505 as targets. Comment: as long as the resistance at 1.4400 is not surpassed,… Read more

GBP/USD Intraday: the downside prevails. Pivot: 1.4515 Our preference: short positions below 1.4515 with targets @ 1.4375 & 1.4320 in extension. Alternative scenario: above 1.4515 look for further upside with 1.4570 & 1.4615 as targets. Comment: the RSI lacks upward momentum. Supports and resistances: 1.4615… Read more

GBP/USD Intraday: the upside prevails. Pivot: 1.4435 Our preference: long positions above 1.4435 with targets @ 1.4570 & 1.4615 in extension. Alternative scenario: below 1.4435 look for further downside with 1.4375 & 1.4325 as targets. Comment: the RSI is bullish and calls for further upside…. Read more

GBP/USD Intraday: the bias remains bullish. Pivot: 1.4435 Our preference: long positions above 1.4435 with targets @ 1.4515 & 1.4550 in extension. Alternative scenario: below 1.4435 look for further downside with 1.4375 & 1.4325 as targets. Comment: the RSI lacks downward momentum. Supports and resistances:… Read more