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Action Insight: GBPUSD Technical Outlook

Action Insight is the most popular section of the site, read by traders around the world. Our team of analysts work around the clock, analyzing the markets from technical and fundamental perspectives in providing the reports in this section to you.



GBP/USD Weekly Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jul 04 15 10:11 GMT
GBP/USD's fall from 1.5929 extended lower last week. We're favoring the case that rise from 1.4565 is finished at 1.5929 after missing 61.8% projection of 1.4565 to 1.5814 from 1.5169. Initial bias remains on the downside this week for 1.5169 support first. Break will confirm this bearish case. Nonetheless, above 1.5666 minor resistance will dampen this bearish view and turn focus back to 1.5929 resistance instead.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jul 03 15 03:32 GMT
Intraday bias in GBP/USD remains on the downside as the fall from 1.5929 continues. As noted before, we're slightly favoring that rise from 1.4565 is finished at 1.5929 after missing 61.8% projection of 1.4565 to 1.5814 from 1.5169. Focus is now on 1.5169 support for confirmation. Nonetheless, above 1.5788 minor resistance will dampen this bearish view and turn focus back to 1.5929 resistance instead.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jul 02 15 13:00 GMT
Intraday bias in GBP/USD remains on the downside as the fall from 1.5929 continues. As noted before, we're slightly favoring that rise from 1.4565 is finished at 1.5929 after missing 61.8% projection of 1.4565 to 1.5814 from 1.5169. Focus is now on 1.5169 support for confirmation. Nonetheless, above 1.5788 minor resistance will dampen this bearish view and turn focus back to 1.5929 resistance instead.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jul 02 15 03:36 GMT
Intraday bias in GBP/USD remains on the downside as the fall from 1.5929 continues. As noted before, we're slightly favoring that rise from 1.4565 is finished at 1.5929 after missing 61.8% projection of 1.4565 to 1.5814 from 1.5169. Focus is now on 1.5169 support for confirmation. Nonetheless, above 1.5788 minor resistance will dampen this bearish view and turn focus back to 1.5929 resistance instead.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jul 01 15 13:50 GMT
The break of 1.5668 minor support suggests fall from 1.5929 is resuming. As noted before, we're slightly favoring that rise from 1.4565 is finished at 1.5929 after missing 61.8% projection of 1.4565 to 1.5814 from 1.5169. Intraday bias is now mildly on the downside for 1.5169 support for confirmation. Meanwhile, break of 1.5929 will extend the rebound from 1.4565 instead.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jul 01 15 04:42 GMT
Intraday bias in GBP/USD remain neutral for the moment. We're slightly favoring that rise from 1.4565 is finished at 1.5929 after missing 61.8% projection of 1.4565 to 1.5814 from 1.5169. Below 1.5658 temporary low will target 1.5169 support for confirmation. Meanwhile, break of 1.5929 will extend the rebound from 1.4565 instead.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jun 30 15 12:55 GMT
Intraday bias in GBP/USD is neutral for the moment. We're slightly favoring that rise from 1.4565 is finished at 1.5929 after missing 61.8% projection of 1.4565 to 1.5814 from 1.5169. Below 1.5658 temporary low will target 1.5169 support for confirmation. Meanwhile, break of 1.5929 will extend the rebound from 1.4565 instead.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jun 30 15 05:12 GMT
GBP/USD's fall from 1.5929 lost much momentum a and intraday bias is turned neutral first. We're slightly favoring that rise from 1.4565 is finished at 1.5929 after missing 61.8% projection of 1.4565 to 1.5814 from 1.5169. Below 1.5658 temporary low will target 1.5169 support for confirmation. Meanwhile, break of 1.5929 will extend the rebound from 1.4565 instead.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jun 29 15 15:02 GMT
Intraday bias in GBP/USD remains mildly on the downside for the moment. Rise from 1.4565 could be finished at 1.5929 after missing 61.8% projection of 1.4565 to 1.5814 from 1.5169. Deeper fall would be seen to 1.5169 for confirmation of near term reversal. On the upside, above 1.5769 minor resistance will turn focus back to 1.5929 instead.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jun 29 15 03:55 GMT
The breach of 1.5666 suggests that fall from 1.5929 is resuming and intraday bias is back on the downside. Rise from 1.4565 could be finished at 1.5929 after missing 61.8% projection of 1.4565 to 1.5814 from 1.5169. Deeper fall would be seen to 1.5169 for confirmation of near term reversal. On the upside, above 1.5769 minor resistance will turn focus back to 1.5929 instead.
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