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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 Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Apr 27 15 08:20 GMT
Intraday bias in GBP/USD remains on the upside for the moment. Rebound from 1.4565 is expected to extend higher with focus on 38.2% retracement of 1.7190 to 1.4565 at 1.5568. We'd be cautious on strong resistance from there to limit upside and bring near term reversal. On the downside, break of 1.4856 minor support will argue that such rebound is finished and will turn bias back to the downside for retesting 1.4565 low instead.
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GBP/USD Weekly Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Apr 25 15 12:16 GMT
GBP/USD's rebound from 1.4565 short term bottom extended higher last week. Initial bias stays on the upside for further rally, with focus on 38.2% retracement of 1.7190 to 1.4565 at 1.5568. We'd be cautious on strong resistance from there to limit upside and bring near term reversal. On the downside, break of 1.4856 minor support will argue that such rebound is finished and will turn bias back to the downside for retesting 1.4565 low instead.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Apr 24 15 12:57 GMT
GBP/USD's rebound from 1.4565 extends to as high as 1.5172 so far. Intraday bias remains on the upside and further rally would be seen. Focus will be on 1.5551 cluster resistance, 38.2% retracement of 1.7190 to 1.4565 at 1.5568. On the downside, break of 1.4856 minor support will argue that such rebound is finished and will turn bias back to the downside for retesting 1.4565 low instead.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Apr 24 15 05:32 GMT
With 1.4856 minor support intact, the rebound from 1.4565 support is expected to extend higher. Focus will be on 1.5551 cluster resistance, 38.2% retracement of 1.7190 to 1.4565 at 1.5568. Nonetheless, break of 1.4856 minor support will turn bias back to the downside for retesting 1.4565 low instead.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Apr 23 15 13:37 GMT
With 1.4856 minor support intact, the rebound from 1.4565 support is expected to extend higher. Focus will be on 1.5551 cluster resistance, 38.2% retracement of 1.7190 to 1.4565 at 1.5568. Nonetheless, break of 1.4856 minor support will turn bias back to the downside for retesting 1.4565 low instead.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Apr 22 15 14:21 GMT
GBP/USD's rebound from 1.4565 short term bottom extends today and intraday bias is back on the upside. Further rise would be seen with focus on 1.5551 cluster resistance, 38.2% retracement of 1.7190 to 1.4565 at 1.5568. Nonetheless, break of 1.4856 minor support will turn bias back to the downside for retesting 1.4565 low instead.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Apr 22 15 05:16 GMT
With 1.4811 minor support intact, further rise is mildly in favor in GBP/USD. The correction from 1.4565 might extend higher and in that case, focus will be on 1.5551 cluster resistance, 38.2% retracement of 1.7190 to 1.4565 at 1.5568. Meanwhile, below 1.4811 minor support will turn bias back to the downside for 1.4565 low instead.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Apr 21 15 13:46 GMT
With 1.4811 minor support intact, further rise is mildly in favor in GBP/USD. The correction from 1.4565 might extend higher and in that case, focus will be on 1.5551 cluster resistance, 38.2% retracement of 1.7190 to 1.4565 at 1.5568. Meanwhile, below 1.4811 minor support will turn bias back to the downside for 1.4565 low instead.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Apr 21 15 05:26 GMT
With 1.4811 minor support intact, further rise is mildly in favor in GBP/USD. The correction from 1.4565 might extend higher and in that case, focus will be on 1.5551 cluster resistance, 38.2% retracement of 1.7190 to 1.4565 at 1.5568. Meanwhile, below 1.4811 minor support will turn bias back to the downside for 1.4565 low instead.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Apr 20 15 13:54 GMT
Intraday bias in GBP/USD remains on the upside for the moment. A near term bottom should be in place at 1.4565. Stronger rebound could now be seen with focus on 1.5551 cluster resistance, 38.2% retracement of 1.7190 to 1.4565 at 1.5568. Meanwhile, below 1.4811 minor support will turn bias back to the downside for 1.4565 low instead.
Read more...
 
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