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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 14 13:36 GMT
Intraday bias in GBP/USD remains neutral as the consolidation from 1.6534 is still in progress. Another recovery cannot be ruled out. But upside is expected to be limited by 1.6737 resistance and bring fall resumption. The decline from 1.7190 medium term top is expected to extend lower. Below 1.6534 will target 1.6251 cluster support (38.2% retracement of 1.4813 to 1.7190 at 1.6282).
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 29 14 06:16 GMT
Intraday bias in GBP/USD remains neutral as the consolidation from 1.6534 is still in progress. Another recovery cannot be ruled out. But upside is expected to be limited by 1.6737 resistance and bring fall resumption. The decline from 1.7190 medium term top is expected to extend lower. Below 1.6534 will target 1.6251 cluster support (38.2% retracement of 1.4813 to 1.7190 at 1.6282).
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 28 14 13:21 GMT
Intraday bias in GBP/USD remains neutral as the consolidation from 1.6534 is still in progress. Another recovery cannot be ruled out. But upside is expected to be limited by 1.6737 resistance and bring fall resumption. The decline from 1.7190 medium term top is expected to extend lower. Below 1.6534 will target 1.6251 cluster support (38.2% retracement of 1.4813 to 1.7190 at 1.6282).
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 28 14 04:36 GMT
GBP/USD's consolidations from 1.6534 continues and intraday bias stays neutral. Further rise could be seen. But upside is expected to be limited by 1.6737 resistance and bring fall resumption. The decline from 1.7190 medium term top is expected to extend lower. Below 1.6534 will target 1.6251 cluster support (38.2% retracement of 1.4813 to 1.7190 at 1.6282).
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 27 14 12:34 GMT
GBP/USD's consolidations from 1.6534 continues today with another recovery. Further rise could be seen. But upside is expected to be limited by 1.6737 resistance and bring fall resumption. The decline from 1.7190 medium term top is expected to extend lower. Below 1.6534 will target 1.6251 cluster support (38.2% retracement of 1.4813 to 1.7190 at 1.6282).
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 27 14 05:32 GMT
Intraday bias in GBP/USD remains neutral for some consolidations above 1.6534 temporary low. Upside of recovery is expected to be limited by 1.6737 resistance and bring fall resumption. The decline from 1.7190 medium term top is expected to extend lower. Below 1.6534 will target 1.6251 cluster support (38.2% retracement of 1.4813 to 1.7190 at 1.6282).
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 26 14 13:48 GMT
Intraday bias in GBP/USD remains neutral for some consolidations above 1.6534 temporary low. Upside of recovery is expected to be limited by 1.6737 resistance and bring fall resumption. The decline from 1.7190 medium term top is expected to extend lower. Below 1.6534 will target 1.6251 cluster support (38.2% retracement of 1.4813 to 1.7190 at 1.6282).
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 26 14 06:49 GMT
Intraday bias in GBP/USD remains neutral for some consolidations. Upside of recovery is expected to be limited by 1.6737 resistance and bring fall resumption. The decline from 1.7190 medium term top is expected to extend lower. Below 1.6534 will target 1.6251 cluster support (38.2% retracement of 1.4813 to 1.7190 at 1.6282).
Read more...
 
GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 25 14 12:30 GMT
A temporary low is in place at 1.6534 with 4 hours MACD crossed above signal line. Intraday bias in GBP/USD is turned neutral for some consolidations first. Upside of recovery is expected to be limited by 1.6737 resistance and bring fall resumption. The decline from 1.7190 medium term top is expected to extend lower. Below 1.6534 will target 1.6251 cluster support (38.2% retracement of 1.4813 to 1.7190 at 1.6282).
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Aug 25 14 04:16 GMT
GBP/USD's decline extends as the week starts and intraday bias remains on the downside. The decline from 1.7190 medium term top should extend to 1.6251 cluster support (38.2% retracement of 1.4813 to 1.7190 at 1.6282). Meanwhile, break of 1.6737 resistance is needed to be the first indication of short term bottoming. Otherwise, outlook will stay bearish in case of recovery.
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