GBP Trading Outlook Archive

GBP/USD ST: the downside prevails. Pivot: 1.495 Our preference: short positions below 1.495 with targets @ 1.395 & 1.363 in extension. Alternative scenario: above 1.495 look for further upside with 1.524 & 1.566 as targets. Comment: the RSI has broken down its 30 level. Supports… Read more

GBP/USD Intraday: the upside prevails. Pivot: 1.4125 Our preference: long positions above 1.4125 with targets @ 1.427 & 1.4325 in extension. Alternative scenario: below 1.4125 look for further downside with 1.408 & 1.4005 as targets. Comment: the RSI is bullish and calls for further upside…. Read more

GBP/USD Intraday: key resistance at 1.423. Pivot: 1.423 Our preference: short positions below 1.423 with targets @ 1.4125 & 1.408 in extension. Alternative scenario: above 1.423 look for further upside with 1.427 & 1.432 as targets. Comment: as long as 1.423 is resistance, look for… Read more

GBP/USD Intraday: under pressure. Pivot: 1.423 Our preference: short positions below 1.423 with targets @ 1.4125 & 1.408 in extension. Alternative scenario: above 1.423 look for further upside with 1.427 & 1.432 as targets. Comment: as long as 1.423 is resistance, look for choppy price… Read more

GBP/USD Intraday: the downside prevails. Pivot: 1.432 Our preference: short positions below 1.432 with targets @ 1.4225 & 1.4185 in extension. Alternative scenario: above 1.432 look for further upside with 1.436 & 1.44 as targets. Comment: a break below 1.4225 would trigger a drop towards… Read more

GBP/USD ST: the downside prevails Pivot: 1.495 Our preference: short positions below 1.495 with targets @ 1.423 & 1.395 in extension. Alternative scenario: above 1.495 look for further upside with 1.524 & 1.566 as targets. Comment: a break below 1.423 would trigger a drop towards… Read more

GBP/USD Intraday: caution Pivot: 1.435 Our preference: long positions above 1.435 with targets @ 1.4475 & 1.4515 in extension. Alternative scenario: below 1.435 look for further downside with 1.43 & 1.4225 as targets. Comment: the RSI is mixed to bullish. Supports and resistances: 1.456 **… Read more

GBP/USD Intraday: key resistance at 1.4475 Pivot: 1.4475 Our preference: short positions below 1.4475 with targets @ 1.435 & 1.43 in extension. Alternative scenario: above 1.4475 look for further upside with 1.4515 & 1.456 as targets. Comment: the RSI lacks upward momentum. Supports and resistances:… Read more

GBP/USD Intraday: the downside prevails. Pivot: 1.4475 Our preference: short positions below 1.4475 with targets @ 1.44 & 1.435 in extension. Alternative scenario: above 1.4475 look for further upside with 1.4515 & 1.456 as targets. Comment: as long as 1.4475 is resistance, expect a return… Read more

GBP/USD Intraday: the upside prevails Pivot: 1.449 Our preference: long positions above 1.449 with targets @ 1.46 & 1.4645 in extension. Alternative scenario: below 1.449 look for further downside with 1.445 & 1.44 as targets. Comment: the RSI lacks downward momentum. Supports and resistances: 1.4685… Read more