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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 | Dec 06 16 13:47 GMT
GBP/USD's rise is still in progress and is pressing 61.8% projection of 1.1946 to 1.2673 from 1.2301 at 1.2750. Intraday bias remains on the upside and break of 1.2750 will target 100% projection at 1.3024. But we'll expect strong resistance below 1.3444 resistance to limit upside and bring down trend resumption. Nonetheless, break of 1.2301 support is now needed to confirm completion of the corrective rise. Otherwise, further rise will remain mildly in favor in near term.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 06 16 05:12 GMT
GBP/USD's rally continues and met 61.8% projection of 1.1946 to 1.2673 from 1.2301 at 1.2750. Intraday bias remains on the upside and break of 1.2750 will target 100% projection at 1.3024. But we'll expect strong resistance below 1.3444 resistance to limit upside and bring down trend resumption. Nonetheless, break of 1.2301 support is now needed to confirm completion of the corrective rise. Otherwise, further rise will remain mildly in favor in near term.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 05 16 13:13 GMT
Intraday bias in GBP/USD remains on the upside for 61.8% projection of 1.1946 to 1.2673 from 1.2301 at 1.2750 first. Break will target 100% projection at 1.3024. But we'll expect strong resistance below 1.3444 resistance to limit upside and bring down trend resumption. Nonetheless, break of 1.2301 support is now needed to confirm completion of the corrective rise. Otherwise, further rise will remain mildly in favor in near term.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 05 16 05:53 GMT
Intraday bias in GBP/USD remains on the upside for 61.8% projection of 1.1946 to 1.2673 from 1.2301 at 1.2750 first. Break will target 100% projection at 1.3024. But we'll expect strong resistance below 1.3444 resistance to limit upside and bring down trend resumption. Nonetheless, break of 1.2301 support is now needed to confirm completion of the corrective rise. Otherwise, further rise will remain mildly in favor in near term.
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GBP/USD Weekly Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 03 16 12:03 GMT
GBP/USD's break of 1.2673 resistance indicate resumption whole rebound from 1.1946. Initial bias stays on the upside for 61.8% projection of 1.1946 to 1.2673 from 1.2301 at 1.2750 first. Break will target 100% projection at 1.3024. But we'll expect strong resistance below 1.3444 resistance to limit upside and bring down trend resumption. Nonetheless, break of 1.2301 support is now needed to confirm completion of the corrective rise. Otherwise, further rise will remain mildly in favor in near term.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 02 16 14:00 GMT
Intraday bias in GBP/USD remains on the upside for 61.8% projection of 1.1946 to 1.2673 from 1.2301 at 1.2750 first. Break will target 100% projection at 1.3024. But we'll expect strong resistance below 1.3444 resistance to limit upside and bring down trend resumption. Nonetheless, break of 1.2301 support is now needed to confirm completion of the corrective rise. Otherwise, further rise will remain mildly in favor in near term.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 02 16 05:04 GMT
Break of 1.2673 resistance confirmed resumption of corrective rise from 1.1946. Intraday bias is mildly on the upside for 61.8% projection of 1.1946 to 1.2673 from 1.2301 at 1.2750 first. Break will target 100% projection at 1.3024. But we'll expect strong resistance below 1.3444 resistance to limit upside and bring down trend resumption. Nonetheless, break of 1.2301 support is now needed to confirm completion of the corrective rise. Otherwise, further rise will remain mildly in favor in near term.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 01 16 13:42 GMT
GBP/USD's strong rise today now put focus back to 1.2673 resistance. Break there will extend the corrective rise from 1.1946. In that case, GBP/USD would target 61.8% projection of 1.1946 to 1.2673 from 1.2301 at 1.2750 first. Next target will be 100% projection at 1.3024. But we'll expect strong resistance below 1.3444 resistance to limit upside and bring down trend resumption. Nonetheless, break of 1.2301 support is now needed to confirm completion of the corrective rise. Otherwise, further rise will remain mildly in favor in near term.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Dec 01 16 04:00 GMT
No change in GBP/USD's outlook. Intraday bias remains neutral as range trading continues. At this point, we're favoring the case that corrective rise from 1.1946 is completed at 1.2673 already. And, the larger down trend is possibly resuming. Below 1.2301 will target a test on 1.1946 low first. Break there will target 61.8% projection of 1.3444 to 1.1946 from 1.2673 at 1.1747 next. Nonetheless, break of 1.2673 will extend the correction from 1.1946 with another rise.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Nov 30 16 14:00 GMT
Intraday bias in GBP/USD remains neutral as range trading continues. At this point, we're favoring the case that corrective rise from 1.1946 is completed at 1.2673 already. And, the larger down trend is possibly resuming. Below 1.2301 will target a test on 1.1946 low first. Break there will target 61.8% projection of 1.3444 to 1.1946 from 1.2673 at 1.1747 next. Nonetheless, break of 1.2673 will extend the correction from 1.1946 with another rise.
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