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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 | Aug 29 16 13:42 GMT
Intraday bias in GBP/USD stays neutral with a temporary top in place at 1.3278. With 1.3023 minor support intact, the rise from 1.2865, as the third leg of consolidation from 1.2794, could extend higher. But upside should be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually. On the downside, below 1.3023 minor support will turn bias back to the downside and target 1.2794 low.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 29 16 04:25 GMT
Intraday bias in GBP/USD stays neutral with a temporary top in place at 1.3278. With 1.3023 minor support intact, the rise from 1.2865, as the third leg of consolidation from 1.2794, could extend higher. But upside should be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually. On the downside, below 1.3023 minor support will turn bias back to the downside and target 1.2794 low.
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GBP/USD Weekly Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 27 16 07:40 GMT
GBP/USD rebounded last week as consolidation from 1.2794 extended. Another rise cannot be ruled out but upside should be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually. On the downside, below 1.3023 minor support will turn bias back to the downside and target 1.2794 low.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 26 16 14:45 GMT
With 1.3023 minor support intact, further rise is expected in GBP/USD. Rise from 1.2865 is seen as the third leg of the consolidation pattern from 1.2794 and would target 1.3372/3480 resistance zone. We'd expect upside to be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually. On the downside, below 1.3023 minor support will turn bias back to the downside and target 1.2794 low.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 26 16 03:32 GMT
With 1.3023 minor support intact, further rise is expected in GBP/USD. Rise from 1.2865 is seen as the third leg of the consolidation pattern from 1.2794 and would target 1.3372/3480 resistance zone. We'd expect upside to be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually. On the downside, below 1.3023 minor support will turn bias back to the downside and target 1.2794 low.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 25 16 12:56 GMT
GBP/USD dips mildly in early US session but outlook is unchanged. Intraday bias stays mildly on the upside. Rise from 1.2865 is seen as the third leg of the consolidation pattern from 1.2794 and would target 1.3372/3480 resistance zone. We'd expect upside to be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually. On the downside, below 1.3023 minor support will turn bias back to the downside and target 1.2794 low.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 25 16 04:09 GMT
Intraday bias in GBP/USD remains mildly on the upside for the moment. Rise from 1.2865 is seen as the third leg of the consolidation pattern from 1.2794 and would target 1.3372/3480 resistance zone. We'd expect upside to be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually. On the downside, below 1.3023 minor support will turn bias back to the downside and target 1.2794 low.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 24 16 14:01 GMT
GBP/USD rises further to as high as 1.3261 so far and intraday bias remains on the upside. Rise from 1.2865 is seen as the third leg of the consolidation pattern from 1.2794 and would target 1.3372/3480 resistance zone. We'd expect upside to be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually. On the downside, below 1.3023 minor support will turn bias back to the downside and target 1.2794 low.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 24 16 04:54 GMT
The rise in 1.2865 is still in progress in GBP/USD. Consolidation pattern from 1.2794 is probably extending with another rise. Rebound form 1.2865 might target 1.3372/3480 resistance zone. We'd expect upside to be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually. On the downside, below 1.3023 minor support will turn bias back to the downside and target 1.2794 low.
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 23 16 13:36 GMT
Further rise is mildly in favor in GBP/USD. Consolidation pattern from 1.2794 is probably extending with another rise. Rebound form 1.2865 might target 1.3372/3480 resistance zone. We'd expect upside to be limited by 38.2% retracement of 1.5016 to 1.2794 at 1.3643 and bring down trend resumption eventually. On the downside, below 1.3023 minor support will turn bias back to the downside and target 1.2794 low.
Read more...
 
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