GBP Trading Outlook Archive

GBP/USD Pivot: 1.491 Our preference: short positions below 1.491 with targets @ 1.48 & 1.476 in extension. Alternative scenario: above 1.491 look for further upside with 1.495 & 1.499 as targets. Comment: a break below 1.48 would trigger a drop towards 1.476. Supports and resistances:… Read more

GBP/USD Pivot: 1.495 Our preference: short positions below 1.495 with targets @ 1.4865 & 1.48 in extension. Alternative scenario: above 1.495 look for further upside with 1.499 & 1.504 as targets. Comment: a break below 1.4865 would trigger a drop towards 1.48. Supports and resistances:… Read more

GBP/USD Pivot: 1.566 Our preference: short positions below 1.566 with targets @ 1.485 & 1.456 in extension. Alternative scenario: above 1.566 look for further upside with 1.594 & 1.619 as targets. Comment: a break below 1.485 would trigger a drop towards 1.456. Supports and resistances:… Read more

GBP/USD Pivot: 1.501 Our preference: short positions below 1.501 with targets @ 1.485 & 1.48 in extension. Alternative scenario: above 1.501 look for further upside with 1.507 & 1.5105 as targets. Comment: a break below 1.485 would trigger a drop towards 1.48. Supports and resistances:… Read more

GBP/USD Intraday: the downside prevails. Pivot: 1.5105 Our preference: short positions below 1.5105 with targets @ 1.4955 & 1.4895 in extension. Alternative scenario: above 1.5105 look for further upside with 1.518 & 1.5205 as targets. Comment: a break below 1.4955 would trigger a drop towards 1.4895. Supports and… Read more

  GBP/USD Pivot: 1.5205 Likely scenario: short positions below 1.5205 with targets @ 1.508 & 1.5035 in extension. Alternative scenario: above 1.5205 look for further upside with 1.5245 & 1.531 as targets. Comment: the RSI is badly directed. Trade Now    

  GBP/USD Pivot: 1.511 Likely scenario: long positions above 1.511 with targets @ 1.52 & 1.5245 in extension. Alternative scenario: below 1.511 look for further downside with 1.5075 & 1.5035 as targets. Comment: the RSI lacks downward momentum. Trade Now    

  GBP/USD Pivot: 1.499 Likely scenario: long positions above 1.499 with targets @ 1.509 & 1.5115 in extension. Alternative scenario: below 1.499 look for further downside with 1.4955 & 1.4905 as targets. Comment: the RSI is well directed.  

GBP/USD Pivot: 1.5055 Likley scenario: short positions below 1.5055 with targets @ 1.4955 & 1.4905 in extension. Alternative scenario: above 1.5055 look for further upside with 1.509 & 1.5115 as targets. Comment: the RSI is badly directed. Trade Now

GBP/USD Pivot: 1.5115 Likley scenario: short positions below 1.5115 with targets @ 1.505 & 1.5 in extension. Alternative scenario: above 1.5115 look for further upside with 1.5155 & 1.519 as targets. Comment: the RSI is badly directed. Trade Now