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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 Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 18 14 13:52 GMT
GBP/USD recovered ahead of 1.5540 low and stays in recent range. Intraday bias remains neutral for the moment. on the downside, break of 1.5540 will confirm resumption of whole decline from 1.7190 and will target 100% projection of 1.7190 to 1.6051 from 1.6523 at 1.5384. However, break of 1.5825 will be an early sign of medium term bottoming and would bring stronger rebound back to 1.6051 support turned resistance.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 18 14 03:23 GMT
GBP/USD's recovery as completed at 1.5785, ahead of 1.5825 and dropped sharply. Nonetheless it's staying above 1.5540 low and intraday bias remains neutral. Considering bullish convergence condition in daily MACD, break of 1.5825 will be an early sign of medium term bottoming and would bring stronger rebound back to 1.6051 support turned resistance. Meanwhile, decisive break of 1.5540 will confirm fall resumption.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 17 14 14:07 GMT
Intraday bias in GBP/USD remains neutral for the moment. A short term bottom should be in place at 1.5540 on bullish convergence condition in 4 hours MACD. Break of 1.5825 will confirm this case. Also, considering bullish convergence condition in daily MACD, break of 1.5825 will be an early sign of medium term bottoming and would bring stronger rebound back to 1.6051 support turned resistance. On the downside, break of 1.5540 is needed to confirm fall resumption. Otherwise, we'd expect more corrective trading ahead.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 17 14 02:58 GMT
Intraday bias in GBP/USD remains neutral for the moment. A short term bottom should be in place at 1.5540 on bullish convergence condition in 4 hours MACD. Break of 1.5825 will confirm this case. Also, considering bullish convergence condition in daily MACD, break of 1.5825 will be an early sign of medium term bottoming and would bring stronger rebound back to 1.6051 support turned resistance. On the downside, break of 1.5540 is needed to confirm fall resumption. Otherwise, we'd expect more corrective trading ahead.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 16 14 13:52 GMT
Intraday bias in GBP/USD remains neutral for the moment. A short term bottom should be in place at 1.5540 on bullish convergence condition in 4 hours MACD. Break of 1.5825 will confirm this case. Also, considering bullish convergence condition in daily MACD, break of 1.5825 will be an early sign of medium term bottoming and would bring stronger rebound back to 1.6051 support turned resistance. On the downside, break of 1.5540 is needed to confirm fall resumption. Otherwise, we'd expect more corrective trading ahead.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 16 14 05:10 GMT
Intraday bias in GBP/USD remains neutral for the moment. A short term bottom should be in place at 1.5540 on bullish convergence condition in 4 hours MACD. Break of 1.5825 will confirm this case. Also, considering bullish convergence condition in daily MACD, break of 1.5825 will be an early sign of medium term bottoming and would bring stronger rebound back to 1.6051 support turned resistance. On the downside, break of 1.5540 is needed to confirm fall resumption. Otherwise, we'd expect more corrective trading ahead.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 15 14 14:02 GMT
Intraday bias in GBP/USD remains neutral for the moment. A short term bottom should be in place at 1.5540 on bullish convergence condition in 4 hours MACD. Break of 1.5825 will confirm this case. Also, considering bullish convergence condition in daily MACD, break of 1.5825 will be an early sign of medium term bottoming and would bring stronger rebound back to 1.6051 support turned resistance. On the downside, break of 1.5540 is needed to confirm fall resumption. Otherwise, we'd expect more corrective trading ahead.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 15 14 04:35 GMT
Intraday bias in GBP/USD remains neutral for the moment. A short term bottom should be in place at 1.5540. Break of 1.5825 will confirm this case. Also, considering bullish convergence condition in daily MACD, break of 1.5825 will be an early sign of medium term bottoming and would bring stronger rebound back to 1.6051 support turned resistance. On the downside, break of 1.5540 is needed to confirm fall resumption. Otherwise, we'd expect more corrective trading ahead.
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GBP/USD Weekly Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 13 14 10:30 GMT
A short term bottom is likely in place at 1.5540 already and initial bias in GBP/USD remains neutral with focus on 1.5825 resistance. Considering bullish convergence condition in daily MACD, break of 1.5825 will also be an early sign of medium term bottoming and would bring stronger rebound back to 1.6051 support turned resistance. On the downside, break of 1.5540 is needed to confirm fall resumption. Otherwise, we'd expect more corrective trading ahead.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 12 14 04:25 GMT
Intraday bias in GBP/USD remains neutral first. Current development suggests that the pair has bottomed in near term on bullish convergence condition in 4 hours MACD. Break of 1.5825 will confirm this case and bring stronger rise back to 1.6184 resistance first. Meanwhile, break of 1.5540 is needed to confirm fall resumption. Otherwise, we'd expect more corrective trading ahead.
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