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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 | Nov 01 14 07:55 GMT
GBP/USD's recovery from 1.5876 should be completed at 1.6184 already. Initial bias is mildly on the downside this week for 1.5876 first. Break will extend the decline from 1.7190 and to 61.8% retracement of 1.4813 to 1.7190 at 1.5721 next. In any case, near term outlook stays bearish as long as 1.6226 resistance holds and downside breakout is expected. However, break of 1.6226 will bring stronger rebound back towards 1.6523 resistance instead.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Oct 31 14 12:51 GMT
Intraday bias in GBP/USD remains on the downside for 1.5876 low. Break will extend the decline from 1.7190 and to 61.8% retracement of 1.4813 to 1.7190 at 1.5721 next. In any case, near term outlook stays bearish as long as 1.6226 resistance holds and downside breakout is expected. However, break of 1.6226 will bring stronger rebound back towards 1.6523 resistance instead.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Oct 31 14 03:05 GMT
Intraday bias in GBP/USD remains on the downside for 1.5876 low. Break will extend the decline from 1.7190 and to 61.8% retracement of 1.4813 to 1.7190 at 1.5721 next. In any case, near term outlook stays bearish as long as 1.6226 resistance holds and downside breakout is expected. However, break of 1.6226 will bring stronger rebound back towards 1.6523 resistance instead.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Oct 30 14 13:06 GMT
Intraday bias in GBP/USD remains on the downside for 1.5876 low. Break will extend the decline from 1.7190 and to 61.8% retracement of 1.4813 to 1.7190 at 1.5721 next. In any case, near term outlook stays bearish as long as 1.6226 resistance holds and downside breakout is expected. However, break of 1.6226 will bring stronger rebound back towards 1.6523 resistance instead.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Oct 30 14 03:46 GMT
GBP/USD dropped sharply on broad based strength in dollar and break of 1.5994 turned bias to the downside for retesting 1.5876 low. With 1.6226 resistance intact, near term outlook stays bearish. Break of 1.5876 will extend the decline from 1.7190 and to 61.8% retracement of 1.4813 to 1.7190 at 1.5721 next. However, break of 1.6226 will bring stronger rebound back towards 1.6523 resistance instead.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Oct 29 14 13:52 GMT
Intraday bias in GBP/USD stays neutral for the moment. As long as 1.6226 resistance holds, near term outlook stays bearish and further decline is expected. Below 1.5994 minor support will turn bias to the downside for 1.5876. Break will extend the decline from 1.7190 and to 61.8% retracement of 1.4813 to 1.7190 at 1.5721 next. However, break of 1.6226 will bring stronger rebound back towards 1.6523 resistance instead.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Oct 29 14 03:34 GMT
Intraday bias in GBP/USD stays neutral for the moment. As long as 1.6226 resistance holds, near term outlook stays bearish and further decline is expected. Below 1.5994 minor support will turn bias to the downside for 1.5876. Break will extend the decline from 1.7190 and to 61.8% retracement of 1.4813 to 1.7190 at 1.5721 next. However, break of 1.6226 will bring stronger rebound back towards 1.6523 resistance instead.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Oct 28 14 13:17 GMT
Intraday bias in GBP/USD stays neutral for the moment. As long as 1.6226 resistance holds, near term outlook stays bearish and further decline is expected. Below 1.5994 minor support will turn bias to the downside for 1.5876. Break will extend the decline from 1.7190 and to 61.8% retracement of 1.4813 to 1.7190 at 1.5721 next. However, break of 1.6226 will bring stronger rebound back towards 1.6523 resistance instead.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Oct 28 14 03:49 GMT
Intraday bias in GBP/USD remains neutral for the moment as consolidation from 1.5876 might extend. But as long as 1.6226 resistance holds, near term outlook stays bearish and further decline is expected. Below 1.5876 will extend the decline from 1.7190 and to 61.8% retracement of 1.4813 to 1.7190 at 1.5721 next. Break will target 100% projections of 1.7190 to 1.6051 from 1.6523 at 1.5384. However, break of 1.6226 will bring stronger rebound back towards 1.6523 resistance instead.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Oct 27 14 13:19 GMT
Intraday bias in GBP/USD remains neutral for the moment as consolidation from 1.5876 might extend. But as long as 1.6226 resistance holds, near term outlook stays bearish and further decline is expected. Below 1.5876 will extend the decline from 1.7190 and to 61.8% retracement of 1.4813 to 1.7190 at 1.5721 next. Break will target 100% projections of 1.7190 to 1.6051 from 1.6523 at 1.5384. However, break of 1.6226 will bring stronger rebound back towards 1.6523 resistance instead.
Read more...
 
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