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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 Weekly Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jan 24 15 10:13 GMT
GBP/USD's down trend resumed last. week by breaking 1.5033 and reached as low as 1.4950. Initial bias remains on the downside this week for next key support level at 1.4813. On the upside, break of 1.5268 is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jan 23 15 14:05 GMT
Intraday bias in GBP/USD remains on the downside and recent decline is still in progress for next key support level at 1.4813. On the upside, break of 1.5268 is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jan 23 15 03:22 GMT
GBP/USD's fall resumed by taking out 1..5033 and reaches as low as 1.4970 so far. Intraday bias is back on the downside. Current decline should target next key support level at 1.4813. On the upside, break of 1.5268 is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of recovery.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jan 22 15 09:12 GMT
Intraday bias in GBP/USD remains neutral as consolidation from 1.5033 continues. Another recovery cannot be ruled out. But upside should be limited well below 1.5540 support turned resistance and bring fall resumption. Below 1.5033 should extend recent decline through 1.5 psychological level to next key support at 1.4813.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jan 21 15 13:55 GMT
GBP/USD dips mildly today but stays above 1.5033 low and intraday bias remains neutral. More consolidation could be seen and another recovery cannot be ruled out. But upside should be limited well below 1.5540 support turned resistance and bring fall resumption. Below 1.5033 should extend recent decline through 1.5 psychological level to next key support at 1.4813.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jan 21 15 07:04 GMT
Intraday bias in GBP/USD remains neutral as consolidation from 1.5033 continues. More consolidation could be seen and further recovery cannot be ruled out. But upside should be limited well below 1.5540 support turned resistance and bring fall resumption. Below 1.5033 should extend recent decline through 1.5 psychological level to next key support at 1.4813.
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GBP/USD Mid-Day Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jan 20 15 13:54 GMT

GBP/USD Mid-Day Outlook

GBP/USD recovered ahead of 1.5033 support and intraday bias stays neutral. More consolidation could be seen and further recovery cannot be ruled out. But upside should be limited well below 1.5540 support turned resistance and bring fall resumption. Below 1.5033 should extend recent decline through 1.5 psychological level to next key support at 1.4813.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jan 20 15 05:21 GMT
GBP/USD dips mildly but stays above 1.5033 support. Intraday bias remains neutral as consolidation could extend. While further recovery cannot be ruled out, upside should be limited well below 1.5540 support turned resistance and bring fall resumption. Below 1.5033 should extend recent decline through 1.5 psychological level to next key support at 1.4813.
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GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jan 19 15 09:12 GMT
Outlook in GBP/USD remains unchanged as consolidation from 1.5033 short term bottom continues. While further recovery cannot be ruled out, upside should be limited well below 1.5540 support turned resistance and bring fall resumption. Below 1.5033 should extend recent decline through 1.5 psychological level to next key support at 1.4813.
Read more...
 
GBP/USD Daily Outlook Print E-mail
GBPUSD Outlook | Written by ActionForex.com | Jan 19 15 09:11 GMT
Outlook in GBP/USD remains unchanged as consolidation from 1.5033 short term bottom continues. While further recovery cannot be ruled out, upside should be limited well below 1.5540 support turned resistance and bring fall resumption. Below 1.5033 should extend recent decline through 1.5 psychological level to next key support at 1.4813.
Read more...
 
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