GBP Trading Outlook Archive

GBP/USD Intraday: the downside prevails Pivot: 1.4565 Our preference: short positions below 1.4565 with targets @ 1.445 & 1.44 in extension. Alternative scenario: above 1.4565 look for further upside with 1.46 & 1.4645 as targets. Comment: the RSI has broken down its 30 level. Supports… Read more

GBP/USD Intraday: continuation of the rebound. Pivot: 1.455 Our preference: long positions above 1.455 with targets @ 1.4645 & 1.468 in extension. Alternative scenario: below 1.455 look for further downside with 1.45 & 1.4475 as targets. Comment: the RSI calls for a rebound. Supports and… Read more

GBP/USD Intraday: the downside prevails Pivot: 1.468 Our preference: short positions below 1.468 with targets @ 1.459 & 1.456 in extension. Alternative scenario: above 1.468 look for further upside with 1.4725 & 1.4755 as targets. Comment: technically the RSI is below its neutrality area at… Read more

GBP/USD Intraday: the downside prevails Pivot: 1.4725 Our preference: short positions below 1.4725 with targets @ 1.463 & 1.459 in extension. Alternative scenario: above 1.4725 look for further upside with 1.4755 & 1.479 as targets. Comment: the RSI is mixed to bearish. Supports and resistances:… Read more

GBP/USD Intraday: the downside prevails. Pivot: 1.4785 Our preference: short positions below 1.4785 with targets @ 1.4645 & 1.462 in extension. Alternative scenario: above 1.4785 look for further upside with 1.4815 & 1.4845 as targets. Comment: the RSI lacks upward momentum. Supports and resistances: 1.4845… Read more

GBP/USD ST: the downside prevails Pivot: 1.533 Our preference: short positions below 1.533 with targets @ 1.456 & 1.423 in extension. Alternative scenario: above 1.533 look for further upside with 1.566 & 1.594 as targets. Comment: the RSI is capped by a declining trend line…. Read more

GBP/USD Intraday: the downside prevails Pivot: 1.487 Our preference: short positions below 1.487 with targets @ 1.478 & 1.476 in extension. Alternative scenario: above 1.487 look for further upside with 1.4915 & 1.4945 as targets. Comment: the RSI lacks upward momentum. Supports and resistances: 1.4945… Read more

GBP/USD Intraday: under pressure Pivot: 1.487 Our preference: short positions below 1.487 with targets @ 1.478 & 1.476 in extension. Alternative scenario: above 1.487 look for further upside with 1.4915 & 1.4945 as targets. Comment: as long as 1.487 is resistance, likely decline to 1.478…. Read more

GBP/USD Intraday: the downside prevails Pivot: 1.493 Our preference: short positions below 1.493 with targets @ 1.4855 & 1.483 in extension. Alternative scenario: above 1.493 look for further upside with 1.4985 & 1.502 as targets. Comment: a break below 1.4855 would trigger a drop towards… Read more

GBP/USD Intraday: the bias remains bullish. Pivot: 1.483 Our preference: long positions above 1.483 with targets @ 1.491 & 1.495 in extension. Alternative scenario: below 1.483 look for further downside with 1.48 & 1.476 as targets. Comment: the RSI lacks downward momentum. Supports and resistances:… Read more