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GBPUSD Outlook |
Written by ActionForex.com |
Mar 18 10 07:20 GMT |
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GBP/USD's corrective rise from 1.4783 might still be in progress but after all, we'd still expect upside to be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. Below 1.5208 minor support will turn intraday bias neutral first. Further break of 1.4977 will argue that correction from 1.4783 is completed and recent down trend is possibly resuming for a new low below 1.4783. However, note that sustained break of 1.5422 will dampen our view and would bring stronger rise towards next cluster resistance at 1.5814 instead. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 17 10 13:18 GMT |
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GBP/USD's rebound extends further to as high as 1.5386 so far today and further rise could still be seen. However, we'd still expect upside to be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. Below 1.5208 minor support will turn intraday bias neutral first. Further break of 1.4977 will argue that correction from 1.4783 is completed and recent down trend is possibly resuming for a new low below 1.4783. However, note that sustained break of 1.5422 will dampen our view and would bring stronger rise towards next cluster resistance at 1.5814 instead. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 17 10 07:32 GMT |
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As noted before, GBP/USD's consolidation from 1.4783 is still in progress and stronger recovery cannot be ruled out. But after all, we'd expect upside to be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. Below 1.4977 will flip intraday bias back to the downside for 1.4783 low first. Break will confirm that whole fall from 1.6456 is resuming for next target of 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 16 10 13:21 GMT |
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GBP/USD's strong rebound from 1.4977 dampens the immediate bearish view and argues that consolidation from 1.4783 might be in progress. Though, even in case of another rise, we'd expect upside to be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. Below 1.4977 will flip intraday bias back to the downside for 1.4783 low first. Break will confirm that whole fall from 1.6456 is resuming for next target of 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 16 10 07:26 GMT |
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As noted before, GBP/USD's recovery from 1.4783 might have completed with three waves up to 1.5216 already. Intraday bias is cautiously on the downside for retesting 1.4783 low. Break will confirm that whole fall from 1.6456 is resuming for next target of 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364. On the upside, above 1.5216 will delay the bearish case again and bring more consolidations first. But after all, we'd expect upside to be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 15 10 13:19 GMT |
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GBP/USD's break of 1.5024 minor support suggests that consolidation from 1.4783 might have completed at 1.5216 already. Intraday bias is flipped back to the downside for retesting 1.4783 first. Break will confirm that whole fall from 1.6456 is resuming for next target of 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364. On the upside, above 1.5216 will delay the bearish case again and bring more consolidations first. But after all, we'd expect upside to be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 15 10 07:20 GMT |
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GBP/USD's consolidation from 1.4783 is still in progress and further rise cannot be ruled out. But after all, we'd expect upside to be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. Below 1.5024 minor support will turn intraday bias neutral first. Break of 1.4800 will argue that whole decline from 1.6456 is resuming for next target of 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 13 10 14:25 GMT |
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GBP/USD's consolidation from 1.4783 continued last week with another rise to above 1.5194 resistance. Initial bias remains mildly on the upside this week and further recovery could still be seen. But after all upside is still expected to be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. Break of 1.4880 support will argue that whole decline from 1.6456 is resuming for next target of 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 12 10 12:51 GMT |
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GBP/USD's recovery from 1.4783 is still in progress and stronger rise might be seen to 1.5194 and above. Nevertheless, upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. On the downside, break of 1.4783 will confirm that recent down trend has resumed and should target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364 next. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 12 10 06:04 GMT |
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GBP/USD's consolidation from 1.4783 is still in progress and stronger rise might be seen to 1.5194 and above. Nevertheless, upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. On the downside, break of 1.4783 will confirm that recent down trend has resumed and should target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364 next. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 11 10 13:28 GMT |
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As noted before, GBP/USD's consolidation from 1.4783 is possibly still in progress and another rise could be seen to 1.5194 and above. But still, upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. on the downside, break of 1.4783 will confirm that recent down trend has resumed and should target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364 next. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 11 10 07:54 GMT |
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With 4 hours MACD crossed above signal line, intraday bias in GBP/USD is turned neutral and consolidations from 1.4783 might continue further. Another rise could be seen to 1.5194 and above. But after all, upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. on the downside, break of 1.4783 will confirm that recent down trend has resumed and should target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364 next. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 10 10 13:08 GMT |
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Intraday bias in GBP/USD remains on the downside for the moment. Recovery from 1.4783 might have completed at 1.5194 already after hitting 4 hours 55 EMA. Further fall should be seen to retest 1.4783 low first. Break there will confirm fall resumption and should target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364 next. On the upside, above 1.5026 will delay the bearish case and bring more consolidations. But upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 10 10 06:58 GMT |
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As discussed before, GBP/USD's recovery from 1.4783 might have completed at 1.5194 already after hitting 4 hours 55 EMA. Intraday bias remains on the downside for the moment and further fall should b seen to retest 1.4783 low first. Break there will confirm fall resumption and should target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364 next. On the upside, above 1.5026 will delay the bearish case and bring more consolidations. But upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 09 10 12:43 GMT |
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GBP/USD's break of 1.4992 minor support indicates that recovery from 1.4783 has completed at 1.5194 already, after hitting 4 hours 55 EMA. Intraday bias is flipped back to the downside. Break of 1.4783 will confirm fall resumption and should target 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364 next. On the upside, above 1.5194 delay the bearish case and bring more consolidations. But upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 09 10 05:46 GMT |
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Intraday bias in GBP/USD remains neutral for the moment. Break of 1.4992 minor support will indicate that recovery from 1.4783 is completed at 1.5194. In such case intraday bias will be flipped back to the downside for retesting this low first. Break will confirm fall resumption to 200% projection of 1.6875 to 1.5829 from 1.6456 at 1.4364 next. On the upside, above 1.5194 will bring another round of recovery. But upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 08 10 18:33 GMT |
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GBP/USD retreats sharply after hitting 4 hours 55 EMA and intraday bias is turned neutral. Break of 1.4992 minor support will indicate that recovery from 1.4783 is finished and will flip bias back to the downside for resting this support first. ON the upside above 1.5194 will bring another round of recovery. But upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 08 10 07:00 GMT |
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With 1.4992 minor support intact, recovery from 1.4783 could still extend further. Nevertheless, , upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. Below 1.4922 minor support will flip intraday bias back to the downside for retesting 1.4783 low first. |
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GBPUSD Outlook |
Written by ActionForex.com |
Mar 06 10 15:17 GMT |
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GBP/USD dived to as low as 1.4783 last week but drew support from 61.8% retracement of 1.3053 to 1.7043 at 1.4855 and formed a short term bottom. Initial bias is mildly on the upside this week and corrective rise from 1.4783 might extend further. Nevertheless, upside should be limited by 38.2% retracement of 1.6456 to 1.4783 at 1.5422 and bring fall resumption. Below 1.4922 minor support will flip intraday bias back to the downside for retesting 1.4783 low first. |
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