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Action Insight: GBPUSD Technical Outlook

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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 26 15 14:21 GMT
Intraday bias in GBP/USD remains neutral for the moment. In case of deeper pull back, we'd expect strong support from 1.5088/5496 to contain downside and bring another rally. Above 1.5814 will target 61.8% retracement of 1.7190 to 1.4565 at 1.6187. At this point, we're slightly favoring that the rebound from 1.4565 as a correction. Thus, break of 1.5088 will indicate that such rebound is completed and turn focus back to 1.4565 low.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 26 15 04:26 GMT
Intraday bias in GBP/USD remains neutral for the moment. In case of deeper pull back, we'd expect strong support from 1.5088/5496 to contain downside and bring another rally. Above 1.5814 will target 61.8% retracement of 1.7190 to 1.4565 at 1.6187. At this point, we're slightly favoring that the rebound from 1.4565 as a correction. Thus, break of 1.5088 will indicate that such rebound is completed and turn focus back to 1.4565 low.
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GBP/USD Weekly Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 23 15 10:06 GMT
GBP/USD stayed in consolidation below 1.5814 last week and outlook is unchanged. Initial bias remains neutral this week first. In case of deeper pull back, we'd expect strong support from 1.5088/5496 to contain downside and bring another rally. Above 1.5814 will target 61.8% retracement of 1.7190 to 1.4565 at 1.6187. At this point, we're slightly favoring that the rebound from 1.4565 as a correction. Thus, break of 1.5088 will indicate that such rebound is completed and turn focus back to 1.4565 low.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 22 15 13:19 GMT
GBP/USD is staying in range below 1.5814 and intraday bias remains neutral. More consolidations could still be seen. In case of another fall, we'd expect strong support from 1.5088/5496 to contain downside and bring another rally. Above 1.5814 will target 61.8% retracement of 1.7190 to 1.4565 at 1.6187. At this point, we're slightly favoring that the rebound from 1.4565 as a correction. Thus, break of 1.5088 will indicate that such rebound is completed and turn focus back to 1.4565 low.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 22 15 03:30 GMT
GBP/USD is staying in range below 1.5814 and intraday bias remains neutral. More consolidations could still be seen. In case of another fall, we'd expect strong support from 1.5088/5496 to contain downside and bring another rally. Above 1.5814 will target 61.8% retracement of 1.7190 to 1.4565 at 1.6187. At this point, we're slightly favoring that the rebound from 1.4565 as a correction. Thus, break of 1.5088 will indicate that such rebound is completed and turn focus back to 1.4565 low.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 21 15 13:26 GMT
GBP/USD recovers strongly after drawing support from mentioned 1.5088/5496 zone. But it's staying below 1.5814 resistance. Intraday bias remains neutral for the moment and more consolidation could still be seen. In case of another fall, we'd expect strong support from 1.5088/5496 to contain downside and bring another rally. Above 1.5814 will target 61.8% retracement of 1.7190 to 1.4565 at 1.6187. At this point, we're slightly favoring that the rebound from 1.4565 as a correction. Thus, break of 1.5088 will indicate that such rebound is completed and turn focus back to 1.4565 low.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 21 15 02:46 GMT
Intraday bias in GBP/USD remains neutral for consolidation below 1.5814 temporary top. We'd expect strong support from 1.5088/5496 to contain downside and bring another rally. Above 1.5814 will target 61.8% retracement of 1.7190 to 1.4565 at 1.6187. At this point, we're slightly favoring that the rebound from 1.4565 as a correction. Thus, break of 1.5088 will indicate that such rebound is completed and turn focus back to 1.4565 low.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 20 15 13:01 GMT
Intraday bias in GBP/USD remains neutral for consolidation below 1.5814 temporary top. We'd expect strong support from 1.5088/5496 to contain downside and bring another rally. Above 1.5814 will target 61.8% retracement of 1.7190 to 1.4565 at 1.6187. At this point, we're slightly favoring that the rebound from 1.4565 as a correction. Thus, break of 1.5088 will indicate that such rebound is completed and turn focus back to 1.4565 low.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 20 15 03:48 GMT
Intraday bias in GBP/USD remains neutral for consolidation below 1.5814 temporary top. We'd expect strong support from 1.5088/5496 to contain downside and bring another rally. Above 1.5814 will target 61.8% retracement of 1.7190 to 1.4565 at 1.6187. At this point, we're slightly favoring that the rebound from 1.4565 as a correction. Thus, break of 1.5088 will indicate that such rebound is completed and turn focus back to 1.4565 low.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | May 19 15 13:16 GMT
Intraday bias in GBP/USD remains neutral for consolidation below 1.5814 temporary top. We'd expect strong support from 1.5088/5496 to contain downside and bring another rally. Above 1.5814 will target 61.8% retracement of 1.7190 to 1.4565 at 1.6187. At this point, we're slightly favoring that the rebound from 1.4565 as a correction. Thus, break of 1.5088 will indicate that such rebound is completed and turn focus back to 1.4565 low.
Read more...
 
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