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GBP Trading Outlook Archive

The Sterling (GBP) Trading Outlook (05-08-2015)

August 5, 2015

Medium Term Strategy: Forex Pair of the day GBP/JPY – the upside prevails The pair has strongly rebounded above the support at 185 and remains on the upside. Further advance is likely as the moving averages and the daily RSI remain well directed. Next targets… Read more

The Sterling (GBP) Trading Outlook (04-08-2015)

August 4, 2015

GBPUSD Pivot: 1.5645 Likely scenario: Short positions below 1.5645 with targets @ 1.5555 & 1.5535 in extension. Alternative scenario: Above 1.5645 look for further upside with 1.568 & 1.572 as targets. Comment: A break below 1.5555 would trigger a drop towards 1.5535.  

The Sterling (GBP) Trading Outlook (04-08-2015)

August 4, 2015

Medium Term Strategy: Forex Pair of the day GBP/USD – rebound The pair has rebounded above the strong support at 1.5170 as the daily RSI is well directed. Thus, as long as 1.5170 holds on the downside (horizontal support and overlap), further advance is likely… Read more

The Sterling (GBP) Trading Outlook (03-08-2015)

August 3, 2015

GBPUSD Pivot: 1.559 Likely scenario: Long positions above 1.559 with targets @ 1.568 & 1.574 in extension. Alternative scenario: Below 1.559 look for further downside with 1.5555 & 1.5535 as targets. Comment: The RSI has just landed on its neutrality area at 50% and is… Read more

The Sterling (GBP) Trading Outlook (31-07-2015)

July 31, 2015

GBPUSD Pivot: 1.5645 Likely scenario: Short positions below 1.5645 with targets @ 1.556 & 1.5535 in extension. Alternative scenario: Above 1.5645 look for further upside with 1.569 & 1.5735 as targets. Comment: As long as 1.5645 is resistance, look for choppy price action with a… Read more

The Sterling (GBP) Trading Outlook (30-07-2015)

July 30, 2015

GBPUSD Pivot: 1.557 Likely scenario: Long positions above 1.557 with targets @ 1.5635 & 1.569 in extension. Alternative scenario: Below 1.557 look for further downside with 1.5535 & 1.5495 as targets. Comment: The RSI lacks downward momentum.

The Sterling (GBP) Trading Outlook (29-07-2015)

July 29, 2015

GBPUSD Pivot: 1.557 Likely scenario: Long positions above 1.557 with targets @ 1.5625 & 1.567 in extension. Alternative scenario: Below 1.557 look for further downside with 1.5535 & 1.5495 as targets. Comment: The RSI lacks downward momentum.

The Sterling (GBP) Trading Outlook (28-07-2015)

July 28, 2015

GBPUSD Pivot: 1.5535 Likely scenario: Long positions above 1.5535 with targets @ 1.5595 & 1.5625 in extension. Alternative scenario: Below 1.5535 look for further downside with 1.5495 & 1.5465 as targets. Comment: The RSI is mixed to bullish.

The Sterling (GBP) Trading Outlook (27-07-2015)

July 27, 2015

  GBPUSD Pivot: 1.5535 Likely scenario: Short positions below 1.5535 with targets @ 1.5495 & 1.5465 in extension. Alternative scenario: Above 1.5535 look for further upside with 1.557 & 1.561 as targets. Comment: Intraday technical indicators are mixed and call for caution.  

The Sterling (GBP) Trading Outlook (27-07-2015)

July 27, 2015

  Medium Term Strategy: Forex Pair of the day GBP/JPY – rebound The pair has strongly rebounded above the support at 185 and remains on the upside. Further advance is likely as the moving averages and the daily RSI remain well directed. Next targets are… Read more

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