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GBP Trading Outlook Archive

The Sterling (GBP) Trading Outlook (04-09-2015)

September 4, 2015

Medium Term Strategy: Forex Pair of the day GBP/JPY – further weakness The pair has broken below the strong support at 185 and below the 200-days moving average. Moreover, the daily RSI is badly directed and advocates for further weakness. Then, as long as 191 holds… Read more

The Sterling (GBP) Trading Outlook (03-09-2015)

September 3, 2015

GBPUSD Pivot: 1.534 Likely scenario: Short positions below 1.534 with targets @ 1.526 & 1.521 in extension. Alternative scenario: Above 1.534 look for further upside with 1.538 & 1.5445 as targets. Comment: The RSI is mixed to bearish.

The Sterling (GBP) Trading Outlook (02-09-2015)

September 2, 2015

GBPUSD Pivot: 1.538 Likely scenario: Short positions below 1.538 with targets @ 1.5265 & 1.521 in extension. Alternative scenario: Above 1.538 look for further upside with 1.5445 & 1.55 as targets. Comment: As long as 1.538 is resistance, likely decline to 1.5265.

The Sterling (GBP) Trading Outlook (01-09-2015)

September 1, 2015

GBPUSD Pivot: 1.5445 Likely scenario: Short positions below 1.5445 with targets @ 1.5335 & 1.5265 in extension. Alternative scenario: Above 1.5445 look for further upside with 1.55 & 1.557 as targets. Comment: As long as the resistance at 1.5445 is not surpassed, the risk of… Read more

The Sterling (GBP) Trading Outlook (31-08-2015)

August 31, 2015

GBPUSD Pivot: 1.5445 Likely scenario: Short positions below 1.5445 with targets @ 1.5325 & 1.5265 in extension. Alternative scenario: Above 1.5445 look for further upside with 1.55 & 1.557 as targets. Comment: Intraday technical indicators are mixed and call for caution.

The Sterling (GBP) Trading Outlook (27-08-2015)

August 27, 2015

GBPUSD Pivot: 1.568 Likely scenario: Short positions below 1.568 with targets @ 1.556 & 1.553 in extension. Alternative scenario: Above 1.568 look for further upside with 1.5725 & 1.5755 as targets. Comment: The RSI is badly directed.

The Sterling (GBP) Trading Outlook (25-08-2015)

August 25, 2015

GBPUSD Pivot: 1.572 Likely scenario: Long positions above 1.572 with targets @ 1.5805 & 1.5835 in extension. Alternative scenario: Below 1.572 look for further downside with 1.569 & 1.5655 as targets. Comment: The RSI is well directed.

The Sterling (GBP) Trading Outlook (24-08-2015)

August 24, 2015

GBPUSD Pivot: 1.5655 Likely scenario: Long positions above 1.5655 with targets @ 1.5725 & 1.577 in extension. Alternative scenario: Below 1.5655 look for further downside with 1.56 & 1.556 as targets. Comment: A support base at 1.5655 has formed and has allowed for a temporary… Read more

The Sterling (GBP) Trading Outlook (21-08-2015)

August 21, 2015

GBPUSD Pivot: 1.572 Likely scenarios: Short positions below 1.572 with targets @ 1.563 & 1.56 in extension. Alternative scenario: Above 1.572 look for further upside with 1.577 & 1.5805 as targets. Comment: As long as the resistance at 1.572 is not surpassed, the risk of… Read more

The Sterling (GBP) Trading Outlook (21-08-2015)

August 21, 2015

Medium Term Strategy: Forex Pair of the day GBPUSD – the upside prevails The pair has rebounded above the strong support at 1.5170 as the daily RSI is well directed above its neutrality area. Thus, as long as 1.5170 holds on the downside (horizontal support… Read more

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