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.
- Market overviews covers major happenings in the markets as well as their impacts.
- Technical analysis of specific currency pair will be found in the technical outlook section. Covered pairs include EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD, AUD/USD, EUR/JPY, EUR/CHF, EUR/GBP, GBP/JPY
- Special reports covers medium to longer term forecasts on exchange rates based on fundamentals, central bank meetings previews and reviews, plus any current issues that will have an impact on exchange rates.
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GBPUSD Outlook |
Written by ActionForex.com |
May 18 13 10:29 GMT
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GBP/USD has an intra-week recovery but fall from 1.5606 resumed again towards then end. Initial bias remains on the downside this week. As noted before, corrective rebound from 1.4830 has completed at 1.5606 after hitting 50% retracement of 1.6380 to 1.4830 at 1.5605. Deeper decline should be seen to retest 1.4830 next. On the upside, break of 1.5322 resistance is needed to signal short term bottoming. Otherwise, outlook will stay cautiously bearish.
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GBPUSD Outlook |
Written by ActionForex.com |
May 17 13 13:17 GMT
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GBP/USD stays above 1.5173 temporary low and intraday bias remains neutral. Some more consolidations could be seen. But in case of another rise, upside should be limited below 1.5446 minor resistance and bring fall resumption. Corrective rebound from 1.4830 should have finished at 1.5606 already. Below 1.5173 will bring another decline back to retest 1.4830.
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GBPUSD Outlook |
Written by ActionForex.com |
May 17 13 04:05 GMT
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Intraday bias in GBP/USD remains neutral for some more consolidations above 1.5173 temporary low. In case of stronger recovery, upside should be limited below 1.5446 minor resistance and bring another fall. Corrective rebound from 1.4830 should have finished at 1.5606 already. Below 1.5173 will bring another decline back to retest 1.4830.
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GBPUSD Outlook |
Written by ActionForex.com |
May 16 13 12:57 GMT
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A temporary bottom should be in place in GBP/USD at 1.5173 and intraday bias is turned neutral for some consolidations. Though, recovery is expected to be limited below 1.5446 resistance and bring another decline. Corrective rebound from 1.4830 should have finished at 1.5606 already. Below 1.5173 will bring another decline back to retest 1.4830.
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GBPUSD Outlook |
Written by ActionForex.com |
May 16 13 07:00 GMT
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GBP/USD lose some momentum after a brief breach of 1.5196 support but there is no clear sign of bottoming yet. As long as 1.5331 minor resistance holds, deeper decline is still expected. The break of 1.5196 affirmed our view that rebound from 1.4830 has completed at 1.5606 already. Deeper decline should be seen to retest 1.4830 next.
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GBPUSD Outlook |
Written by ActionForex.com |
May 15 13 13:50 GMT
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GBP/USD breached 1.5196 support earlier today before recovering mildly. With 1.5331 minor resistance intact, intraday bias remains on the downside. Current development affirmed our view that rebound from 1.4830 has completed at 1.5606 already. Deeper decline should be seen to retest 1.4830 next. On the upside, above 1.5331 minor resistance will turn bias neutral first. But risk should stay on the downside as long as 1.5606 resistance holds.
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GBPUSD Outlook |
Written by ActionForex.com |
May 15 13 04:57 GMT
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GBP/USD's fall from 1.5606 is still in progress and intraday bias remains on the downside for 1.5196 support. Break will confirm that corrective rebound from 1.4830 has completed at 1.5606 after hitting 50% retracement of 1.6380 to 1.4830 at 1.5605. In such case, deeper fall should then be seen back to retest 1.4830 support next. On the upside, above 1.5331 minor resistance will turn bias neutral first. But risk should stay on the downside as long as 1.5606 resistance holds.
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GBPUSD Outlook |
Written by ActionForex.com |
May 14 13 12:50 GMT
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GBP/USD's fall is still in progress and edges lower to 1.5258 in early US session. Intraday bias remains on the downside for 1.5196 support. Break will confirm that corrective rebound from 1.4830 has completed at 1.5606 after hitting 50% retracement of 1.6380 to 1.4830 at 1.5605. In such case, deeper fall should then be seen back to retest 1.4830 support next. On the upside, above 1.5384 minor resistance will turn bias neutral first. But risk should stay on the downside as long as 1.5606 resistance holds.
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GBPUSD Outlook |
Written by ActionForex.com |
May 14 13 05:11 GMT
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Intraday bias in GBP/USD remains on the downside for 1.5196 support. Break will confirm that corrective rebound from 1.4830 has completed at 1.5606 after hitting 50% retracement of 1.6380 to 1.4830 at 1.5605. In such case, deeper fall should then be seen back to retest 1.4830 support next. On the upside, above 1.5384 minor resistance will turn bias neutral first. But risk should stay on the downside as long as 1.5606 resistance holds.
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GBPUSD Outlook |
Written by ActionForex.com |
May 13 13 13:08 GMT
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Intraday bias in GBP/USD remains on the downside for the moment. As noted before, the corrective rebound from 1.4830 has completed at 1.5606 after hitting 50% retracement of 1.6380 to 1.4830 at 1.5605. Deeper decline should be seen to 1.5196 first. Break will confirm this bearish case and should target a retest on 1.4830 support next. On the upside, above 1.5456 minor resistance will turn bias neutral first. But risk should stay on the downside as long as 1.5606 resistance holds.
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