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GBPUSD Outlook |
Written by ActionForex.com |
Feb 09 10 05:43 GMT |
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With 4 hours MACD crossed above signal line, an intraday low should be in place at 1.5534 and bias is turned neutral. Some more consolidations could now be seen. But after all, recovery should be limited by 1.5849/6067 resistance zone and bring fall resumption. Below 1.5534 will target 100% projection of 1.6875 to 1.5829 from 1.6456 at 1.5410 next. |
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GBPUSD Outlook |
Written by ActionForex.com |
Feb 08 10 14:46 GMT |
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Intraday bias in GBP/USD remains on the downside with 1.5737 minor resistance intact. Current fall from 1.6456 is expected to continue towards 100% projection of 1.6875 to 1.5829 from 1.6456 at 1.5410 next. On the upside, above 1.5737 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited well below 1.6067 resistance and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Feb 08 10 08:10 GMT |
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At this point, intraday bias in GBP/USD remains on the downside with 1.5737 minor resistance intact. Current fall from 1.6456 is expected to continue towards 100% projection of 1.6875 to 1.5829 from 1.6456 at 1.5410 next. On the upside, above 1.5737 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited well below 1.6067 resistance and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Feb 06 10 10:23 GMT |
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GBP/USD dropped sharply to as low as 1.5557 last week and the strong break of 1.5706 cluster support confirmed our view that medium term rebound from 1.3503 is already finished. Initial bias will remain on the downside this week and further fall should be seen to 100% projection of 1.6875 to 1.5829 from 1.6456 at 1.5410 next. On the upside, above 1.5737 minor resistance will turn intraday bias neutral and bring consolidations. But upside should be limited well below 1.6067 resistance and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Feb 05 10 14:23 GMT |
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Intraday bias in GBP/USD remains on the downside for the moment and further decline should be seen towards 100% projection of 1.6875 to 1.5829 from 1.6456 at 1.5410 next. On the upside, above 1.5797 minor resistance will turn intraday bias neutral and bring consolidation. But upside should be limited below 1.6067 resistance and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Feb 05 10 06:07 GMT |
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GBP/USD dropped to as low as 1.5174 so far and remains weak. At this point, intraday bias remains on the downside and further fall should be seen. Sustained break of 1.5706 key cluster support will target 100% projection of 1.6875 to 1.5829 from 1.6456 at 1.5410 next. On the upside, above 1.5797 minor resistance will turn intraday bias neutral and bring consolidation. But upside should be limited below 1.6067 resistance and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Feb 04 10 13:49 GMT |
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GBP/USD's break of 1.5829 support confirms that whole decline from 1.6875 has resumed. Intraday bias remains on the downside for the moment and further fall should be seen to 1.5706 key cluster support. on the upside, above 1.5918 minor resistance will turn intraday bias neutral and bring some recovery. But another fall is still expected as long as 1.6067 resistance holds. |
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GBPUSD Outlook |
Written by ActionForex.com |
Feb 04 10 08:31 GMT |
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GBP/USD's break of 1.5902 minor support suggests that recover from 1.5849 has already completed at 1.6067. Intraday bias is flipped back to the downside for 1.5849 first. Break will confirm fall resumption towards 1.5706 key cluster support. On the upside, above 1.6067 will bring more sideway consolidations but after all, upside should be limited below 1.6274 resistance and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Feb 03 10 13:44 GMT |
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With 1.5902 minor support intact, GBP/USD's recovery from 1.5849 might still continue. But still, upside should be limited below 1.6274 resistance and bring fall resumption. Below 1.5902 minor support will flip intraday bias back to the downside for 1.5829 support. Break there will confirm the whole fall from 1.6875 has resumed for 1.5706 key cluster support. |
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GBPUSD Outlook |
Written by ActionForex.com |
Feb 03 10 06:18 GMT |
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Break of 1.5979 minor resistance indicates that an intraday low is formed at 1.5849 and more recovery could now be seen, possibly to 4 hours 55 EMA (now at 1.6085). But upside should be limited below 1.6274 resistance and bring fall resumption. Below 1.5902 minor support will flip intraday bias back to the downside for 1.5829 support. Break there will confirm the whole fall from 1.6875 has resumed for 1.5706 key cluster support. |
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GBPUSD Outlook |
Written by ActionForex.com |
Feb 02 10 13:54 GMT |
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Intraday bias in GBP/USD remains on the downside with 1.5979 minor resistance intact. Current decline is expected to continue to 1.5829 next. Break there will confirm the whole fall from 1.6875 has resumed for 1.5706 key cluster support. On the upside, above 1.5979 minor resistance will turn intraday bias neutral first and bring consolidations. But recovery should be limited below 1.6274 resistance and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Feb 02 10 05:05 GMT |
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Intraday bias in GBP/USD remains on the downside with 1.5979 minor resistance intact. Current decline is expected to continue to 1.5829 next. Break there will confirm the whole fall from 1.6875 has resumed for 1.5706 key cluster support. On the upside, above 1.5979 minor resistance will turn intraday bias neutral first and bring consolidations. But recovery should be limited below 1.6274 resistance and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Feb 01 10 15:20 GMT |
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GBP/USD dived to as low as 1.5849 earlier today and met mentioned target of 1.5896 cluster support. At this point, intraday bias remains on the downside and further fall should be seen to 1.5829 next. Break there will confirm the whole fall from 1.6875 has resumed for 1.5706 key cluster support. On the upside, above 1.5979 minor resistance will turn intraday bias neutral first and bring consolidations. But recovery should be limited below 1.6274 resistance and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Feb 01 10 06:19 GMT |
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GBP/USD's fall extends further today and at this point, intraday bias remains on the downside for 1.5896 cluster support first (100% projection of 1.6456 to 1.6077 from 1.6274 at 1.5895). Break will indicate that recent down trend is resuming for t 1.5706 key cluster support. On the upside, above 1.6017 minor resistance will turn intraday bias neutral first and bring consolidations. But recovery should be limited below 1.6274 resistance and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Jan 31 10 07:47 GMT |
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After initial consolidation, GBP/USD's fall from 1.6456 finally resumed on Friday by taking out 1.6077 and reached as low as 1.5978 last week. The development is inline with our view that rebound form 1.5829 has completed with three waves up to 1.6456. Initial bias remains on the downside for 1.5896 cluster support first (100% projection of 1.6456 to 1.6077 from 1.6274 at 1.5895 next. Break will indicate that recent down trend is resuming for t 1.5706 key cluster support. On the upside, above 1.6066 minor resistance will turn intraday bias neutral first. But recovery should be limited below 1.6274 resistance and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Jan 29 10 06:58 GMT |
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Intraday bias in GBP/USD remains neutral for the moment. Recent development, with 1.6284 resistance intact and consolidative look of price actions from 1.6077, is inline with our view that fall from 1.6456 is still in progress. Also, as mentioned before, corrective rise from 1.5829 should have completed with three waves up to 1.6456 already and whole decline from 1.6875 should be resuming. Below 1.6077 will target 1.5829 support next and break there will confirm this bearish case and target 1.5706 key cluster support. On the upside, though, above 1.6284 minor resistance will delay the bearish view and turn focus back 1.6456 resistance |
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GBPUSD Outlook |
Written by ActionForex.com |
Jan 28 10 14:08 GMT |
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GBP/USD bounds strongly again today but after all, it's still limited below 1.6842 minor resistance. Outlook remains unchanged and another decline is still expected. Corrective rise from 1.5829 should have completed with three waves up to 1.6456 already and whole decline from 1.6875 should be resuming. Break of 1.5829 will confirm this bearish case and target 1.5706 key cluster support. On the upside, though, above 1.6284 minor resistance will delay the bearish view and turn focus back 1.6456 resistance |
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GBPUSD Outlook |
Written by ActionForex.com |
Jan 28 10 06:33 GMT |
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Intraday bias in GBP/USD remains neutral as sideway consolidation from 1.6077 is still in progress. Nevertheless, we'd continue to expect another fall as long as 1.6284 resistance holds. As discussed before, corrective rise from 1.5829 should have completed with three waves up to 1.6456 already and whole decline from 1.6875 should be resuming. Break of 1.5829 will confirm this bearish case and target 1.5706 key cluster support. On the upside, though, above 1.6284 minor resistance will delay the bearish view and turn focus back 1.6456 resistance |
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GBPUSD Outlook |
Written by ActionForex.com |
Jan 27 10 14:40 GMT |
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GBP/USD's strong rebound today suggests that consolidation from 1.6077 is still in progress and turns intraday bias neutral. Nevertheless, we'd continue to expect another fall as long as 1.6284 resistance holds. As discussed before, corrective rise from 1.5829 should have completed with three waves up to 1.6456 already and whole decline from 1.6875 should be resuming. Break of 1.5829 will confirm this bearish case and target 1.5706 key cluster support. On the upside, though, above 1.6284 minor resistance will delay the bearish view and turn focus back 1.6456 resistance |
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