Daily Pivots: (S1) 1.2491; (P) 1.2553; (R1) 1.2630; More… GBP/USD is staying in consolidations above 1.2474 temporary low and intraday bias remains neutral. Outlook will stay bearish as long as 1.2810 resistance holds. On the downside, break of 1.2474 will resume the fall from 1.3433 to 1.2298 cluster support zone. In the bigger picture, price […]

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Daily Pivots: (S1) 1.2491; (P) 1.2553; (R1) 1.2630; More… Intraday bias in GBP/USD remains neutral and more consolidations would be seen above 1.2474 temporary low. Outlook will stay bearish as long as 1.2810 resistance holds. On the downside, break of 1.2474 will resume the fall from 1.3433 to 1.2298 cluster support zone. In the bigger […]

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GBP/USD’s fall from 1.3433 attempted to resume last week by breaching 1.2486, but quickly recovered after dipping to 1.2474. Initial bias is turned neutral this week for consolidations. Outlook will stay bearish as long as 1.2810 resistance holds. Break of 1.2474 will target 1.2298 cluster support zone. In the bigger picture, price actions from 1.3433 […]

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Daily Pivots: (S1) 1.2442; (P) 1.2554; (R1) 1.2614; More… Intraday bias in GBP/USD stays on the downside at this point. Current decline from 1.3433 should target 61.8% projection of 1.3433 to 1.2486 from 1.2810 at 1.2225. On the upside, above 1.2607 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as […]

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Daily Pivots: (S1) 1.2442; (P) 1.2554; (R1) 1.2614; More… GBP/USD’s breach of 1.2486 support suggests that fall from 1.3433 is resuming. Intraday bias stays on the downside, and deeper fall would be seen to 1.2298 and possibly further to 61.8% projection of 1.3433 to 1.2486 from 1.2810 at 1.2225. On the upside, above 1.2607 minor […]

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Daily Pivots: (S1) 1.2513; (P) 1.2621; (R1) 1.2679; More… Intraday bias in GBP/USD remains on the downside despite some volatility during today. Recovery from 1.2486 should have completed at 1.2810. Retest of 1.2486 should be seen next. Firm break there will resume the fall from 1.3433 and target 1.2298 cluster support zone. Nevertheless, break of […]

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Daily Pivots: (S1) 1.2513; (P) 1.2621; (R1) 1.2679; More… GBP/USD’s break of 1.2615 support suggest that recovery from 1.2486 has completed at 1.2810. Intraday bias is back on the downside for retesting 1.2486. Firm break there will resume the fall from 1.3433 and target 1.2298 cluster support zone. Nevertheless, break of 1.2728 minor resistance will […]

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Daily Pivots: (S1) 1.2676; (P) 1.2703; (R1) 1.2739; More… Sideway trading continues in GBP/USD and intraday bias stays neutral. On the downside, break of 1.2615 minor support will indicate that corrective recovery from 1.2486 has completed. Retest of this low should be seen next, and break will target 1.2298 cluster support zone. Nevertheless, break of […]

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Daily Pivots: (S1) 1.2676; (P) 1.2703; (R1) 1.2739; More… No change in GBP/USD’s outlook and intraday bias remains neutral. On the downside, break of 1.2615 minor support will indicate that corrective recovery from 1.2486 has completed. Retest of this low should be seen next, and break will target 1.2298 cluster support zone. Nevertheless, break of […]

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Daily Pivots: (S1) 1.2630; (P) 1.2664; (R1) 1.2719; More… Intraday bias in GBP/USD remains neutral for the moment, as range trading continues. On the downside, break of 1.2615 minor support will indicate that corrective recovery from 1.2486 has completed. Retest of this low should be seen next, and break will target 1.2298 cluster support zone. […]

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Daily Pivots: (S1) 1.2630; (P) 1.2664; (R1) 1.2719; More… Range trading continues in GBP/USD and intraday bias remains neutral. On the downside, break of 1.2615 minor support will indicate that corrective recovery from 1.2486 has completed. Retest of this low should be seen next, and break will target 1.2298 cluster support zone. Nevertheless, break of […]

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Daily Pivots: (S1) 1.2592; (P) 1.2638; (R1) 1.2668; More… No change in GBP/USD’s outlook and intraday bias remains neutral first. As noted before, corrective recovery from 1.2486 might have completed at 1.2810 already. Break of 1.2615 will resume the fall from 1.3433 through 1.2486 to 1.2298 cluster support zone. In the bigger picture, price actions […]

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Daily Pivots: (S1) 1.2592; (P) 1.2638; (R1) 1.2668; More… Intraday bias in GBP/USD remains neutral with focus on 1.2615 minor support. Corrective recovery from 1.2486 might have completed at 1.2810 already. Break of 1.2615 will resume the fall from 1.3433 through 1.2486 to 1.2298 cluster support zone. In the bigger picture, price actions from 1.3433 […]

The post GBP/USD Daily Outlook appeared first on Action Forex.

GBP/USD’s decline last week suggests that corrective recovery from 1.2486 might have completed at 1.2810 already. Break of 1.2615 should affirm this case, and bring deeper decline through 1.2486 to resume the whole fall from 1.3433. Next target will be 1.2298 cluster support zone. In the bigger picture, price actions from 1.3433 medium term are […]

The post GBP/USD Weekly Outlook appeared first on Action Forex.

Daily Pivots: (S1) 1.2631; (P) 1.2710; (R1) 1.2752; More… GBP/USD is still holding above 1.2615 minor support with today’s decline. Intraday bias remains neutral first. Decisive break of 1.2615 will confirm that corrective rebound from 1.2486 has completed at 1.2810 already. Retest of 1.2486 should be seen next, and break there will resume whole decline […]

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Daily Pivots: (S1) 1.2631; (P) 1.2710; (R1) 1.2752; More… Sterling’s extended decline today suggests that corrective rebound from 1.2486 has completed at 1.2810 already. Immediate focus is now on 1.2615 minor support. Firm break there will bring retest of 1.2486 first. Break there will resume whole decline from 1.3433 to 1.2298 cluster support zone. In […]

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Daily Pivots: (S1) 1.2715; (P) 1.2749; (R1) 1.2784; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Corrective rebound from 1.2486 short term bottom could still extend higher. But outlook will stay bearish as long as 55 D EMA (now at 1.2834) holds. On the downside, below 1.2615 minor support will bring retest […]

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Daily Pivots: (S1) 1.2715; (P) 1.2749; (R1) 1.2784; More… No change in GBP/USD’s outlook as consolidations continue below 1.2810 temporary top. Rebound from 1.2486 short term bottom could still extend higher. But outlook will stay bearish as long as 55 D EMA (now at 1.2834) holds. On the downside, below 1.2615 minor support will bring […]

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Daily Pivots: (S1) 1.2737; (P) 1.2758; (R1) 1.2791; More… GBP/USD is still bounded in sideway trading and intraday bias stays neutral. Rebound from 1.2486 short term bottom could still extend higher. But outlook will stay bearish as long as 55 D EMA (now at 1.2840) holds. On the downside, below 1.2615 minor support will bring […]

The post GBP/USD Mid-Day Outlook appeared first on Action Forex.

Daily Pivots: (S1) 1.2737; (P) 1.2758; (R1) 1.2791; More… Intraday bias in GBP/USD remains neutral as range trading continues. Rebound from 1.2486 short term bottom could still extend higher. But outlook will stay bearish as long as 55 D EMA (now at 1.2840) holds. On the downside, below 1.2615 minor support will bring retest of […]

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