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May 23 13:12 GMT
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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 | May 23 12 12:29 GMT
The break of 1.5731 indicates that GBP/USD's fall from 1.6300 has resumed and intraday bias remains on the downside for 61.8% retracement of 1.5234 to 1.6300 at 1.5641 next. Sustained break there should pave the way to retest 1.5234 low. On the upside, though, break of 1.5847 resistance will argue that a short term bottom is formed and bring lengthier consolidation before staging another decline.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 23 12 07:00 GMT
Immediate focus in GBP/USD is back to 1.5731 temporary low for the moment. Break there will resume fall from 1.6300 and should target 61.8% retracement of 1.5234 to 1.6300 at 1.5641 next. Sustained break there should pave the way to retest 1.5234 low. On the upside, in case of another recovery, upside should be limited by 38.2% retracement of 1.6300 to 1.5731 at 1.5948 and bring fall resumption eventually.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 22 12 12:36 GMT
GBP/USD's consolidation from 1.5731 is still in progress and intraday bias remains neutral for the moment. Stronger recovery could be seen but upside is expected to be limited by 38.2% retracement of 1.6300 to 1.5731 at 1.5948 and bring fall resumption. Below 1.5731 will target 61.8% retracement of 1.5234 to 1.6300 at 1.5641 next. Sustained break there should pave the way to retest 1.5234 low.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 22 12 07:12 GMT
GBP/USD's consolidation from 1.5731 is still in progress and intraday bias remains neutral for the moment. Stronger recovery could be seen but upside is expected to be limited by 38.2% retracement of 1.6300 to 1.5731 at 1.5948 and bring fall resumption. Below 1.5731 will target 61.8% retracement of 1.5234 to 1.6300 at 1.5641 next. Sustained break there should pave the way to retest 1.5234 low.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 21 12 13:28 GMT
Intraday bias in GBP/USD remains neutral for the moment as consolidation from 1.5731 temporary low continues. Upside of recovery is expected to be limited by 38.2% retracement of 1.6300 to 1.5731 at 1.5948 and bring fall resumption. Below 1.5731 will target 61.8% retracement of 1.5234 to 1.6300 at 1.5641 next. Sustained break there should pave the way to retest 1.5234 low.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 21 12 06:48 GMT
Intraday bias in GBP/USD remains neutral for the moment as consolidation from 1.5731 temporary low continues. Upside of recovery is expected to be limited by 38.2% retracement of 1.6300 to 1.5731 at 1.5948 and bring fall resumption. Below 1.5731 will target 61.8% retracement of 1.5234 to 1.6300 at 1.5641 next. Sustained break there should pave the way to retest 1.5234 low.
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GBP/USD Weekly Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 19 12 10:16 GMT
GBP/USD's fall from 1.6300 accelerated to as low as 1.5731 last week before forming a temporary low there. Initial bias is neutral this week for some consolidations first. But upside of recovery is expected to be limited by 38.2% retracement of 1.6300 to 1.5731 at 1.5948 and bring fall resumption. Below 1.5731 will target 61.8% retracement of 1.5234 to 1.6300 at 1.5641 next. Sustained break there should pave the way to retest 1.5234 low.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 18 12 13:43 GMT
GBP/USD should have made a temporary low at 1.5731 and intraday bias is turned neutral for the moment. Some consolidation could be seen and stronger recovery cannot be ruled out. But upside should be limited by 38.2% retracement of 1.6300 to 1.5731 at 1.5948 and bring another fall. Below 1.5731 will target 61.8% retracement of 1.5234 to 1.6300 at 1.5641 next. Sustained break there should pave the way to retest 1.5234 low.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 18 12 06:09 GMT
GBP/USD's decline is still in progress and reaches as low as 1.5731 so far today. Intraday bias remains on the downside for 61.8% retracement of 1.5234 to 1.6300 at 1.5641 next. Sustained break there should pave the way to retest 1.5234 low. On the upside, above 1.5841 minor resistance will turn bias neutral and bring consolidations first before staging another fall.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 17 12 13:32 GMT
GBP/USD's fall accelerates to as low as 1.5790 so far today and intraday bias remains on the downside. Current fall from 1.6300 should target 61.8% retracement of 1.5234 to 1.6300 at 1.5641 next. On the upside, above 1.5888 minor resistance will turn bias neutral and bring consolidations first.
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