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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 | Sep 29 16 03:37 GMT
Intraday bias in GBP/USD remains neutral for the moment. We're still favoring the case that consolidation pattern from 1.2794 should have completed at 1.3444 and the larger down trend is possibly resuming. Break of 1.2794 will confirm this bearish case and would target next projection level at 1.2457. On the upside, above 1.3120 minor resistance will possibly extend the consolidation pattern from 1.2794. In that case, upside should be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Sep 28 16 12:59 GMT
Intraday bias in GBP/USD remains neutral for the moment. We're favoring the case that consolidation pattern from 1.2794 should have completed at 1.3444 and the larger down trend is possibly resuming. Break of 1.2794 will confirm this bearish case and would target next projection level at 1.2457. On the upside, above 1.3120 minor resistance will possibly extend the consolidation pattern from 1.2794. In that case, upside should be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Sep 28 16 04:38 GMT
Intraday bias in GBP/USD is turned neutral with bullish convergence condition in 4 hours MACD. But still, we're favoring the case that consolidation pattern from 1.2794 should have completed at 1.3444 and the larger down trend is possibly resuming. Break of 1.2794 will confirm this bearish case and would target next projection level at 1.2457. On the upside, above 1.3120 minor resistance will possibly extend the consolidation pattern from 1.2794. In that case, upside should be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Sep 27 16 13:01 GMT
GBP/USD's fall from 1.3444 is still in progress and intraday bias remains on the downside for 1.2865 support. As noted before, consolidation pattern from 1.2794 should have completed at 1.3444 and the larger down trend is possibly resuming. Break of 1.2794 will confirm this bearish case and would target next projection level at 1.2457. On the upside, above 1.3120 minor resistance will possibly extend the consolidation pattern from 1.2794. In that case, upside should be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Sep 27 16 03:57 GMT
GBP/USD's fall from 1.3444 is still in progress and intraday bias remains on the downside for 1.2865 support. As noted before, consolidation pattern from 1.2794 should have completed at 1.3444 and the larger down trend is possibly resuming. Break of 1.2794 will confirm this bearish case and would target next projection level at 1.2457. On the upside, above 1.3120 minor resistance will possibly extend the consolidation pattern from 1.2794. In that case, upside should be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Sep 26 16 11:23 GMT
Intraday bias in GBP/USD remains on the downside for 1.2865 support. As noted before, consolidation pattern from 1.2794 should have completed at 1.3444 and the larger down trend is possibly resuming. Break of 1.2794 will confirm this bearish case and would target next projection level at 1.2457. On the upside, above 1.3120 minor resistance will possibly extend the consolidation pattern from 1.2794. In that case, upside should be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually.
Read more...
 
GBP/USD Weekly Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Sep 24 16 13:41 GMT
GBP/USD's fall from 1.3444 extended last week and initial bias is on the downside for 1.2865 support. As noted before, consolidation pattern from 1.2794 should have completed at 1.3444 and the larger down trend is possibly resuming. Break of 1.2794 will confirm this bearish case and would target next projection level at 1.2457. On the upside, above 1.3120 minor resistance will possibly extend the consolidation pattern from 1.2794. In that case, upside should be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Sep 23 16 13:00 GMT
As noted before, with 1.3137 minor resistance intact, further decline is still expected in GBP/USD. Consolidation pattern from 1.2794 should have completed at 1.3444 and the larger down trend is possibly resuming. Below 1.2946 will target 1.2794 low first. Break there will target next projection level at 1.2457. On the upside, above 1.3137 minor resistance will possibly extend the consolidation pattern from 1.2794. In that case, upside should be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Sep 23 16 07:38 GMT
No change in GBP/USD's outlook. With 1.3137 minor resistance intact, further decline is still expected. Consolidation pattern from 1.2794 should have completed at 1.3444 and the larger down trend is possibly resuming. Below 1.2946 will target 1.2794 low first. Break there will target next projection level at 1.2457. On the upside, above 1.3137 minor resistance will possibly extend the consolidation pattern from 1.2794. In that case, upside should be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Sep 22 16 13:48 GMT
GBP/USD lost some downside momentum as seen in 4 hours MACD but further fall is still expected with 1.3137 minor resistance intact. Consolidation pattern from 1.2794 should have completed at 1.3444 and the larger down trend is possibly resuming. Break of 1.2794 low will target next projection level at 1.2457. On the upside, above 1.3137 minor resistance will possibly extend the consolidation pattern from 1.2794. In that case, upside should be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually.
Read more...
 
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