GBP/USD

GBP/USD Outlook


  • GBP/USD Mid-Day Outlook

    February 23, 2018

    Intraday bias in GBP/USD remains neutral at this point. On the upside, break of 1.4144 will extend the rebound from 1.3764 and target a test on 1.4345 resistance. Break there will resume larger up trend and target long term trend line resistance (now at 1.5105). On the downside, below 1.3764 will extend the correction from

    Read More

  • GBP/USD Daily Outlook

    February 23, 2018

    Intraday bias in GBP/remains neutral at this point. On the upside, break of 1.4144 will extend the rebound from 1.3764 and target a test on 1.4345 resistance. Break there will resume larger up trend and target long term trend line resistance (now at 1.5105). On the downside, below 1.3764 will extend the correction from 1.4345

    Read More

  • GBP/USD Daily Outlook

    February 22, 2018

    Intraday bias in GBP/USD remains neutral as it’s bounded in range of 1.3764/4144. On the upside, break of 1.4144 will extend the rebound from 1.3764 and target a test on 1.4345 resistance. Break there will resume larger up trend and target long term trend line resistance (now at 1.5105). On the downside, below 1.3764 will

    Read More

  • GBP/USD Mid-Day Outlook

    February 21, 2018

    GBP/USD’s fall from 1.4144 extends lower today but it’s so far staying in range of 1.3764/4144. Intraday bias remains neutral first. On the upside, break of 1.4144 will extend the rebound from 1.3764 and target a test on 1.4345 resistance. Break there will resume larger up trend and target long term trend line resistance (now

    Read More

  • GBP/USD Daily Outlook

    February 21, 2018

    GBP/USD is staying in consolidation below 1.4144 temporary top and intraday bias remains neutral. As noted before, pull back from 1.4345 should have completed with three waves down to 1.3764. Above 1.4144 will target 1.4345 first. Break will resume larger up trend and target long term trend line resistance (now at 1.5105). On the downside,

    Read More

  • GBP/USD Mid-Day Outlook

    February 20, 2018

    GBP/USD is staying in consolidation below 1.4144 temporary top and intraday bias remains neutral. As noted before, pull back from 1.4345 should have completed with three waves down to 1.3764. Above 1.4144 will target 1.4345 first. Break will resume larger up trend and target long term trend line resistance (now at 1.5105). On the downside,

    Read More

  • GBP/USD Daily Outlook

    February 19, 2018

    Intraday bias in GBP/USD remains neutral first. As noted before, pull back from 1.4345 should have completed with three waves down to 1.3764. Above 1.4144 will target 1.4345 first. Break will resume larger up trend and target long term trend line resistance (now at 1.5105). On the downside, below 1.3764 will extend the correction to

    Read More

  • GBP/USD Mid-Day Outlook

    February 16, 2018

    Further rise is mildly in favor in GBP/USD. Pull back from 1.4345 should have completed at 1.3764 already. Retest of 1.4345 should be seen next. Break there will resume larger up trend and target long term trend line resistance (now at 1.5105). On the downside, below 1.3764 will extend the correction to 1.3651 resistance turned

    Read More

  • GBP/USD Mid-Day Outlook

    February 15, 2018

    GBP/USD’s break of 1.4066 minor resistance suggests that pull back from 1.4345 has completed at 1.3765 already. Intraday bias is turned back to the upside for retesting 1.4345 first. Break there will resume larger up trend and target long term trend line resistance (now at 1.5105). Source link

    Read More

  • GBP/USD Mid-Day Outlook

    February 14, 2018

    GBP/USD failed to take out 4 hour 55 EMA and weakens again in early US session. Outlook in GBP/USD remains unchanged as fall from 1.4345 is expected to extend to 1.3651 resistance turned support. It’s still unsure whether decline from 1.4345 is correcting rise from 1.3038, or that from 1.1946, or it’s reversing the trend.

    Read More

  • GBP/USD Daily Outlook

    February 14, 2018

    No change in GBP/USD’s outlook, with 1.4066 minor resistance intact, deeper fall is expected in GBP/USD for 1.3651 resistance turned support. It’s still unsure whether decline from 1.4345 is correcting rise from 1.3038, or that from 1.1946, or it’s reversing the trend. Break of 1.3651 will turn focus to key fibonacci level at 1.3429. On

    Read More

  • GBP/USD Mid-Day Outlook

    February 13, 2018

    No change in GBP/USD’s outlook, with 1.4066 minor resistance intact, deeper fall is expected in GBP/USD for 1.3651 resistance turned support. It’s still unsure whether decline from 1.4345 is correcting rise from 1.3038, or that from 1.1946, or it’s reversing the trend. Break of 1.3651 will turn focus to key fibonacci level at 1.3429. On

    Read More

  • GBP/USD Mid-Day Outlook

    February 12, 2018

    At this point, intraday bias remains on the downside. The decline from 1.4345 is still in progress for 1.3651 resistance turned support. It’s still unsure whether decline from 1.4345 is correcting rise from 1.3038, or that from 1.1946, or it’s reversing the trend. Break of 1.3651 will turn focus to key fibonacci level at 1.3429.

    Read More

  • GBP/USD Daily Outlook

    February 12, 2018

    Intraday bias in GBP/USD remains on the downside as the decline from 1.4345 is still in progress for 1.3651 resistance turned support. At this point, it’s still unsure whether decline from 1.4345 is correcting rise from 1.3038, or that from 1.1946, or it’s reversing the trend. Break of 1.3651 will turn focus to key fibonacci

    Read More

  • GBP/USD Daily Outlook

    February 8, 2018

    No change in GBP/USD’s outlook. Intraday bias remains on the downside with 1.3999 minor resistance intact. Fall from 1.4345 short term top should extend to 1.3651 resistance turned support. For the moment, it’s unsure whether the decline is correcting rise from 1.3038, or that from 1.1946, or it’s reversing the trend. Break of 1.3651 will

    Read More

  • GBP/USD Mid-Day Outlook

    February 7, 2018

    With 1.3999 minor resistance intact, intraday bias in GBP/USD remains on the downside. The decline from 1.4345 short term top would extend to 1.3651 resistance turned support. For the moment, it’s unsure whether the decline is correcting rise from 1.3038, or that from 1.1946, or it’s reversing the trend. Break of 1.3651 will turn focus

    Read More

  • GBP/USD Daily Outlook

    February 7, 2018

    Intraday bias in GBP/USD remains on the downside for the moment. The decline from 1.4345 short term top would extend to 1.3651 resistance turned support. For the moment, it’s unsure whether the decline is correcting rise from 1.3038, or that from 1.1946, or it’s reversing the trend. Break of 1.3651 will turn focus to key

    Read More

  • GBP/USD Mid-Day Outlook

    February 6, 2018

    GBP/USD’s decline accelerates to as low as 1.3835 today and breaks 1.3915 support. The development suggests that a short term top is at least formed at 1.4345 and deeper decline should be seen. Intraday bias is now on the downside for 1.3651 resistance turned support. For the moment, it’s unsure where the decline is corrective

    Read More

  • GBP/USD Daily Outlook

    February 6, 2018

    GBP/USD’s corrective pattern from 1.4345 is extending and intraday bias stays neutral. For the moment, we’d still expect downside to be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. However, break

    Read More

  • GBP/USD Mid-Day Outlook

    February 5, 2018

    GBP/USD dips notably today but it’s staying in established range below 1.4345. Intraday bias remains neutral for the moment. While further fall could be seen, downside should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of 1.2108 to 1.3651

    Read More

  • GBP/USD Daily Outlook

    February 5, 2018

    Intraday bias in GBP/USD remains neutral as consolidation from 1.4345 continues. In case of another fall, downside should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. However, break of 1.3915

    Read More

  • GBP/USD Weekly Outlook

    February 3, 2018

    GBP/USD stayed in consolidation below 1.4345 last week and outlook is unchanged. Initial bias remains neutral this week first. In case of another fall, downside should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of 1.2108 to 1.3651 from

    Read More

  • GBP/USD Mid-Day Outlook

    February 2, 2018

    GBP/USD weakens in early US session but stays in range below 1.4345. Intraday bias remains neutral as consolidations from 1.4345 might extend. Still, in case of another fall, downside should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of

    Read More

  • GBP/USD Daily Outlook

    February 2, 2018

    GBP/USD is staying in consolidation from 1.4345 and intraday bias remains neutral. Another fall could be seen but downside should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. However, break

    Read More

  • GBP/USD Mid-Day Outlook

    February 1, 2018

    GBP/USD’s consolidation from 1.4345 is still in progress. Intraday bias remains neutral for the moment. In case of another fall, downside should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next.

    Read More

  • GBP/USD Daily Outlook

    February 1, 2018

    GBP/USD’s consolidation from 1.4345 is still in progress. Intraday bias remains neutral for the moment. In case of another fall, downside should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next.

    Read More

  • GBP/USD Mid-Day Outlook

    January 31, 2018

    GBP/USD is staying in consolidation below 1.4345 and intraday bias remains neutral first. More corrective trading could be seen. But downside should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next.

    Read More

  • GBP/USD Daily Outlook

    January 31, 2018

    GBP/USD is staying in consolidation below 1.4345 and intraday bias remains neutral first. More corrective trading could be seen. But downside should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.4345 will resume medium term up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next.

    Read More

  • GBP/USD Daily Outlook

    January 29, 2018

    Intraday bias in GBP.USD remains neutral for consolidation below 1.4345 temporary top. Downside of retreat should be contained by 1.3915 support to bring rally resumption. On the upside, break of 1.435 will extend the up trend to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next Source link

    Read More

  • GBP/USD Weekly Outlook

    January 27, 2018

    GBP/USD’s up trend continued last week as reached as high as 1.4345. A temporary top is in place and intraday bias is neutral this week. Some consolidations could be seen but retreat should be contained by 1.3915 support to bring another rise. Above 1.4345 will turn bias back to the upside for 100% projection of

    Read More

  • GBP/USD Mid-Day Outlook

    January 26, 2018

    Intraday bias in GBP/USD remains neutral for consolidation below 1.4345 temporary top. More sideway trading could be seen with risk of another fall. But downside of retreat should be contained above 1.3651 resistance turned support and bring another rise. Above 1.4345 will extend medium term rally to 100% projection of 1.2108 to 1.3651 from 1.3038

    Read More

  • GBP/USD Mid-Day Outlook

    January 25, 2018

    Intraday bias in GBP/USD remains on the upside. Current rally is targeting 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. On the downside, below 1.4116 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.3612 resistance turned support to bring another rise. Source link

    Read More

  • GBP/USD Daily Outlook

    January 25, 2018

    GBP/USD’s rally extends to as high as 1.4304 so far today. Intraday bias remains on the upside for 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. On the downside, below 1.4116 minor support will turn intraday bias neutral first. But retreat should be contained well above 1.3612 resistance turned support to bring

    Read More

  • GBP/USD Mid-Day Outlook

    January 24, 2018

    GBP/USD accelerates to as high as 1.4161 so far today. Intraday bias remains on the upside for further rally. Firm break of medium term channel resistance will bring further upside acceleration to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. On the downside, below 1.4025 minor support will turn intraday bias neutral

    Read More

  • GBP/USD Daily Outlook

    January 24, 2018

    GBP/USD’s rally continues today and reaches 1.4024 so far. Intraday bias remains on the upside and current rise should target medium term channel resistance at 1.4139. Break will indicate acceleration to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. On the downside,below 1.3915 minor support will turn intraday bias neutral first. But

    Read More

  • GBP/USD Mid-Day Outlook

    January 23, 2018

    With 1.3838 minor support intact, intraday bias in GBP/USD remains on the upside. Current rise should target medium term channel resistance at 1.4139. Break will indicate acceleration to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. On the downside,below 1.3838 minor support will turn intraday bias neutral first. But pullback should be

    Read More

  • GBP/USD Daily Outlook

    January 23, 2018

    GBP/USD’s rally extends to as high as 1.4002 so far and intraday bias remains on the upside. Medium term channel resistance at 1.4139 is next target. Break will indicate acceleration to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. On the downside,below 1.3838 minor support will turn intraday bias neutral first. But

    Read More

  • GBP/USD Mid-Day Outlook

    January 22, 2018

    No change in GBP/USD’s outlook. As long as 1.3741 minor support holds, further rally is expected. Sustained trading above 1.3835 key resistance could trigger upside acceleration to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. However, considering bearish divergence condition in 4 hour MACD, break of 1.3741 will indicate short term topping.

    Read More

  • GBP/USD Daily Outlook

    January 22, 2018

    As long as 1.3741 minor support holds, further rise is expected in GBP/USD. Sustained trading above 1.3835 key resistance could trigger upside acceleration to 100% projection of 1.2108 to 1.3651 from 1.3038 at 1.4581 next. However, considering bearish divergence condition in 4 hour MACD, break of 1.3741 will indicate short term topping. More importantly, that

    Read More

  • GBP/USD Weekly Outlook

    January 20, 2018

    GBP/USD surged to as high as 1.3944 last week and broken 1.3835 key resistance. At this point, the pair seems to be struggling to find follow through buying this level. But still, as long 1.3741 minor support holds, further rally is expected. Sustained trading above 1.3835 could trigger upside acceleration to 100% projection of 1.2108

    Read More

  • GBP/USD Mid-Day Outlook

    January 19, 2018

    Despite the mild retreat, intraday bias in GBP/USD remains on the upside at this point. And, sustained trading above 1.3835 will carry larger bullish implication and should target long term fibonacci level at 1.5466 next. On the downside, though, break of 1.3741 minor support will indicate rejection from 1.3835 and turn bias to the downside

    Read More

  • GBP/USD Daily Outlook

    January 19, 2018

    Intraday bias in GBP/USD remains on the upside at this point. As noted before, sustained trading above 1.3835 will carry larger bullish implication and should target long term fibonacci level at 1.5466 next. On the downside, though, break of 1.3741 minor support will indicate rejection from 1.3835 and turn bias to the downside for 1.3457.

    Read More

  • GBP/USD Mid-Day Outlook

    January 18, 2018

    GBP/USD’s rally is trying to regain momentum above 1.3835 key resistance level. Intraday bias is mildly on the upside at this point. Sustained trading above 1.3835 will carry larger bullish implication and should target long term fibonacci level at 1.5466 next. On the downside, though, break of 1.3741 minor support will indicate rejection from 1.3835

    Read More

  • GBP/USD Daily Outlook

    January 18, 2018

    GBP/USD spikes higher to 1.3942 but fails to sustain above 1.3835 key resistance yet. Intraday bias remains neutral first. We’d still expect strong resistance from 1.3835 to limit upside to complete the medium term rally from 1.1946. Break of 1.3612 resistance turned support will be the first sign of reversal and turn bias back to

    Read More

  • GBP/USD Mid-Day Outlook

    January 17, 2018

    Intraday bias in GBP/USD remains neutral at this point. Also, we’d still expect strong resistance from 1.3835 to limit upside to complete the medium term rally from 1.1946. Break of 1.3612 resistance turned support will be the first sign of reversal and turn bias back to the downside for 1.3457 support first. However, sustained break

    Read More

  • GBP/USD Daily Outlook

    January 17, 2018

    GBP/USD edged higher to 1.3835 but quickly retreated. Intraday bias remains neutral first. At this point, we’d still expect strong resistance from 1.3835 to limit upside to complete the medium term rally from 1.1946. Break of 1.3612 resistance turned support will be the first sign of reversal and turn bias back to the downside for

    Read More

  • GBP/USD Mid-Day Outlook

    January 16, 2018

    A temporary top is in place at 1.3819 and intraday bias in GBP/USD is turned neutral first. At this point, we’d still expect strong resistance from 1.3835 to limit upside to complete the medium term rally from 1.1946. However, sustained break there will carry larger bullish implication and target long term fibonacci level at 1.5466.

    Read More

  • GBP/USD Daily Outlook

    January 16, 2018

    Intraday bias in GBP/USD remains on the upside with focus on 1.3835 key resistance. At this point, we’d still expect strong resistance from 1.3835 to limit upside to complete the medium term rally from 1.1946. However, sustained break there will carry larger bullish implication and target long term fibonacci level at 1.5466. On the downside,

    Read More

  • GBP/USD Daily Outlook

    January 15, 2018

    GBP/USD’s rally extends to as high as 1.3769 so far and intraday bias remains on the upside. At this point, we’d still expect strong resistance from 1.3835 to limit upside to complete the medium term rally from 1.1946. However, sustained break there will carry larger bullish implication and target long term fibonacci level at 1.5466.

    Read More

  • GBP/USD Daily Outlook

    January 12, 2018

    GBP/USD dipped to 1.3457 but recovered quickly again. The price actions from 1.3612 are now clearly corrective. Hence even in case of another fall, downside should be contained well above 1.3300 support to bring rise resumption. And, break of 1.3612/51 resistance zone will now target 1.3835 key resistance level next. Source link

    Read More

  • GBP/USD Daily Outlook

    January 11, 2018

    Intraday bias in GBP/USD remains neutral first. At this point, another rise is still in favor. Above 1.3612 will target 1.3651 key resistance first. Break will resume medium term rise from 1.1946 and target key resistance level at 1.3835. However, another decline and break of 1.3481 will raise the chance of near term reversal and

    Read More

  • GBP/USD Mid-Day Outlook

    January 10, 2018

    Despite dipping to 1.3481, GBP/USD quickly recovered and is back above 4 hour 55 EMA. Intraday bias remains neutral first. At this point, another rise is still in favor. Above 1.3612 will target 1.3651 key resistance first. Break will resume medium term rise from 1.1946 and target key resistance level at 1.3835. However, another decline

    Read More

  • GBP/USD Daily Outlook

    January 10, 2018

    Intraday bias in GBP/USD remains neutral with focus on 4 hour 55 EMA (now at 1.3512). As long as 4 hour 55 EMA holds, further rally is expected. Above 1.3612 will target 1.3651 key resistance first. Break will resume medium term rise from 1.1946 and target key resistance level at 1.3835. However, sustained break of

    Read More

  • GBP/USD Mid-Day Outlook

    January 9, 2018

    Outlook in GBP/USD is unchanged. Intraday bias stays neutral. As long as 4 hour 55 EMA (now at 1.3509) holds, further rally is expected. Above 1.3612 will target 1.3651 key resistance first. Break will resume medium term rise from 1.1946 and target key resistance level at 1.3835. However, sustained break of 4 hour 55 EMA

    Read More

  • GBP/USD Daily Outlook

    January 9, 2018

    GBP/USD is staying in consolidation from 1.3612 temporary top. Intraday bias remains neutral first. As long as 4 hour 55 EMA (now at 1.3508) holds, further rally is expected. Above 1.3612 will target 1.3651 key resistance first. Break will resume medium term rise from 1.1946 and target key resistance level at 1.3835. However, sustained break

    Read More

  • GBP/USD Mid-Day Outlook

    January 8, 2018

    Intraday bias in GBP/USD remains neutral at this point and consolidation from 1.3612 temporary top could extend. But as long as 4 hour 55 EMA (now at 1.3498) holds, further rally is expected. Above 1.3612 will target 1.3651 key resistance first. Break will resume medium term rise from 1.1946 and target key resistance level at

    Read More

  • GBP/USD Daily Outlook

    January 8, 2018

    Intraday bias in GBP/USD remains neutral at this point and consolidation from 1.3612 temporary top could extend. But as long as 4 hour 55 EMA (now at 1.3496) holds, further rally is expected. Above 1.3612 will target 1.3651 key resistance first. Break will resume medium term rise from 1.1946 and target key resistance level at

    Read More

  • GBP/USD Weekly Outlook

    January 6, 2018

    GBP/USD’s rise from 1.3038 resumed by taking out 1.3549 and reached as high as 1.3612. As a temporary top was formed, initial bias is neutral this week first. As long as 4 hour 55 EMA (now at 1.3490) holds, further rally is expected. Above 1.3612 will target 1.3651 key resistance first. Break will resume medium

    Read More

  • GBP/USD Mid-Day Outlook

    January 5, 2018

    Intraday bias in GBP/USD remains neutral for consolidation below 1.3612 temporary top. As long as 4 hour 55 EMA (now at 1.3488) holds, further rally is expected. Above 1.3612 will target 1.3651 key resistance first. Break will resume medium term rise from 1.1946 and target key resistance level at 1.3835. However, sustained break of 4

    Read More