Fri, Nov 22, 2019 @ 21:34 GMT

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2877; (P) 1.2923; (R1) 1.2954; More….

GBP/USD’s decline suggests that consolidation from 1.3012 is extending with the third falling leg. Downside should be contained by 1.2768 support to bring rise resumption. On the upside, break of 1.3012 will resume whole rally from 1.1958. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2877; (P) 1.2923; (R1) 1.2954; More….

Intraday bias in GBP/USD remains neutral at this point. On the upside, decisive break of 1.3012 will resume the whole rise from 1.1958. Further rally should be seen to 61.8% projection of 1.2195 to 1.3012 from 1.2768 at 1.3273 next. For now, outlook will remain bullish as long as 1.2768 support in case of retreat. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2897; (P) 1.2914; (R1) 1.2940; More….

GBP/USD drew support form 4 hour 55 EMA and recovered but stays below 1.3012 resistance. Intraday bias remains neutral first. Decisive break of 1.3012 will resume the whole rise from 1.1958. Further rally should be seen to 61.8% projection of 1.2195 to 1.3012 from 1.2768 at 1.3273 next. For now, outlook will remain bullish as long as 1.2768 support in case of retreat. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2897; (P) 1.2914; (R1) 1.2940; More….

GBP/USD is staying in consolidation from 1.3012 and intraday bias remains neutral first. On the upside, firm break of 1.3012 resistance will resume the whole rise from 1.1958. Further rally should be seen to 61.8% projection of 1.2195 to 1.3012 from 1.2768 at 1.3273 next. For now, outlook will remain bullish as long as 1.2768 support in case of retreat. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2902; (P) 1.2936; (R1) 1.2961; More….

Intraday bias in GBP?USD remains neutral at this point. On the upside, firm break of 1.3012 resistance will resume the whole rise from 1.1958. Further rally should be seen to 61.8% projection of 1.2195 to 1.3012 from 1.2768 at 1.3273 next. For now, outlook will remain bullish as long as 1.2768 support in case of retreat. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2902; (P) 1.2936; (R1) 1.2961; More….

Intraday bias remains neutral for the moment as consolidation from 1.3012 is still extending. On the upside, firm break of 1.3012 resistance will resume the whole rise from 1.1958. Further rally should be seen to 61.8% projection of 1.2195 to 1.3012 from 1.2768 at 1.3273 next. For now, outlook will remain bullish as long as 1.2768 support in case of retreat. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2914; (P) 1.2949; (R1) 1.2988; More….

GBP/USD’s rally attempt lost momentum as seen in 4 hour MACD. Intraday bias remains neutral with focus on 1.3012 resistance. Firm break there will resume the whole rise from 1.1958. Further rally should be seen to 61.8% projection of 1.2195 to 1.3012 from 1.2768 at 1.3273 next. For now, outlook will remain bullish as long as 1.2768 support in case of retreat. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2914; (P) 1.2949; (R1) 1.2988; More….

Intraday bias in GBP/USD remains neutral with focus on 1.3012 resistance. Break will resume the whole rise from 1.1958. Further rally should be seen to 61.8% projection of 1.2195 to 1.3012 from 1.2768 at 1.3273 next. For now, outlook will remain bullish as long as 1.2768 support in case of retreat. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2874; (P) 1.2897; (R1) 1.2925; More….

Focus remains on 1.3012 in GBP/USD. Break will resume the whole rise from 1.1958. Further rally should be seen to 61.8% projection of 1.2195 to 1.3012 from 1.2768 at 1.3273 next. For now, outlook will remain bullish as long as 1.2768 support in case of retreat. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2874; (P) 1.2897; (R1) 1.2925; More….

With today’s strong rise, focus is now on 1.3012 resistance. Break will resume the whole rise from 1.1958. Further rally should be seen to 61.8% projection of 1.2195 to 1.3012 from 1.2768 at 1.3273 next. For now, outlook will remain bullish as long as 1.2768 support in case of retreat. However, break of 1.2768 will bring deeper fall back to 1.2582 resistance turned support.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Weekly Outlook

GBP/USD’s consolidation from 1.3012 extended last week and outlook is unchanged. Initial bias remains neutral first. Such consolidation could still extend with another fall before completion. But in that case, downside should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will resume the rise from 1.1958 to 1.3381 resistance next.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

In the longer term picture, at this point, price actions from 1.1946 are seen developing into a corrective pattern. That is, down trend from 2.1161 (2007 high) is still expected to resume later. But sustained break of 1.4376 resistance will now be a strong signal of long term reversal.

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GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2842; (P) 1.2865; (R1) 1.2905; More….

GBP/USD recovers today but stays in consolidation from 1.3012. Intraday bias remains neutral first. Such consolidation could extend but in case of another fall, downside should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will resume the rise from 1.1958 to 1.3381 resistance next.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2842; (P) 1.2865; (R1) 1.2905; More….

GBP/USD is staying in consolidation form 1.3012 and intraday bias remains neutral. Deeper decline cannot be ruled out but downside should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will resume the rise from 1.1958 to 1.3381 resistance next.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2829; (P) 1.2846; (R1) 1.2871; More….

No change in GBP/USD’s outlook as consolidation from 1.3012 is extending. Deeper decline cannot be ruled out but downside should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will resume the rise from 1.1958 to 1.3381 resistance next.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

- advertisement -

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2829; (P) 1.2846; (R1) 1.2871; More….

GBP/USD is staying consolidation from 1.3012 and intraday bias remains neutral first. Downside of retreat should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will resume the rise from 1.1958 to 1.3381 resistance next.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2816; (P) 1.2844; (R1) 1.2873; More….

Intraday bias in GBP/USD remains neutral as consolidation from 1.3012 extends. Another fall cannot be ruled out. But downside should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will resume the rise from 1.1958 to 161.8% projection of 1.1958 to 1.2582 from 1.2195 at 1.3205 next.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

- advertisement -

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2816; (P) 1.2844; (R1) 1.2873; More….

GBP/USD’s consolidation from 1.3012 is extending and intraday bias remains neutral first. Another fall cannot be ruled out. But downside should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will resume the rise from 1.1958 to 161.8% projection of 1.1958 to 1.2582 from 1.2195 at 1.3205 next.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2787; (P) 1.2842; (R1) 1.2906; More….

GBP/USD rebounded notably but stays in consolidation from 1.3012. Intraday bias remains neutral first. Another fall cannot be ruled out. But downside should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will resume the rise from 1.1958 to 161.8% projection of 1.1958 to 1.2582 from 1.2195 at 1.3205 next.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2756; (P) 1.2790; (R1) 1.2811; More….

Intraday bias in GBP/USD remains neutral as consolidation form 1.3012 is extending. Deeper fall cannot be ruled out. But downside should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will resume the rise from 1.1958 to 161.8% projection of 1.1958 to 1.2582 from 1.2195 at 1.3205 next.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

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GBP/USD Weekly Outlook

GBP/USD dropped slightly last week as consolidation from 1.3012 extended. Initial bias remains neutral first and deeper fall cannot be ruled out. But downside should be contained above 1.2582 resistance turned support to bring rise resumption. On the upside, break of 1.3012 will resume the rise from 1.1958 to 161.8% projection of 1.1958 to 1.2582 from 1.2195 at 1.3205 next.

In the bigger picture, a medium term bottom was formed at 1.1958, ahead of 1.1946 (2016 low). At this point, rise from 1.1958 is seen as the third leg of consolidation from 1.1946. Further rise would be seen back towards 1.4376 resistance. For now, this will remain the favored case as long as 1.2582 resistance turned support holds. However, firm break of 1.2582 will turn focus back to 1.1946 low.

In the longer term picture, at this point, price actions from 1.1946 are seen developing into a corrective pattern. That is, down trend from 2.1161 (2007 high) is still expected to resume later. But sustained break of 1.4376 resistance will now be a strong signal of long term reversal.

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