Gbp/Usd

[mianshabbir01]

GBPUSD

Order IMPENDING
Type SELL LIMIT
Sell at 1. 5120
Consider Profit at 1. 5055
Halt Loss at 1. 5155.

[pritishahfx]

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.5060; (P) 1.5098; (R1) 1.5165

With 1.5215 minor resistance intact, deeper decline would be seen to 1.4950 support. Current development argues that down trend from 1.7190 is ready to resume. Break of 1.4950 will confirm this bearish case and target 1.4813 support next. On the upside, above 1.5215 minor resistance will delay the bearish case and bring consolidations first.

In the bigger picture, price actions from 1.3503 (2009 low) are treated as consolidations to long term down trend from 2.1161. The current development argues that such consolidation is possibly completed at 1.7190, just below 50% retracement from 2.1161 to 1.3503 at 1.7332. GBP/USD is now heading back to 1.4813 key support level. Break of 1.4813 could pave the way to a new low below 1.3503. We'd hold on to this bearish view as long as 1.5785 resistance holds.

[pritishahfx]

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.4961; (P) 1.5108; (R1) 1.5185

Intraday bias in GBP/USD remains on the downside for 1.4950 support. Current decline argues that down trend from 1.7190 is ready to resume. Break of 1.4950 will confirm this bearish case and target 1.4813 support next. On the upside, above 1.5215 minor resistance will delay the bearish case and bring consolidations first.

In the bigger picture, price actions from 1.3503 (2009 low) are treated as consolidations to long term down trend from 2.1161. The current development argues that such consolidation is possibly completed at 1.7190, just below 50% retracement from 2.1161 to 1.3503 at 1.7332. GBP/USD is now heading back to 1.4813 key support level. Break of 1.4813 could pave the way to a new low below 1.3503. We'd hold on to this bearish view as long as 1.5785 resistance holds.

[pritishahfx]

GBP/USD Weekly Outlook

GBP/USD's sharp decline last week suggests that rebound from 1.4950 has completed at 1.5551 after hitting mentioned 38.2% retracement of 1.6523 to 1.4950 at 1.5551. And, the down trend from 1.7190 is ready to resume. Initial bias stays on the downside this week for 1.4950 first. Break will confirm this bearish case and target 1.4813 support next. On the upside, above 1.5215 minor resistance will delay the bearish case and bring consolidations first.

In the bigger picture, price actions from 1.3503 (2009 low) are treated as consolidations to long term down trend from 2.1161. The current development argues that such consolidation is possibly completed at 1.7190, just below 50% retracement from 2.1161 to 1.3503 at 1.7332. GBP/USD is now heading back to 1.4813 key support level. Break of 1.4813 could pave the way to a new low below 1.3503. We'd hold on to this bearish view as long as 1.5785 resistance holds.

In the longer term picture, we're sticking on to the view that price actions from 1.3503 are the fourth wave of the five wave sequence from 2.1161. That means, firstly, 1.3503 shouldn't be the end point of the downtrend yet and a new low is expected. However, secondly, as the next fall could be the fifth wave, the breach of 1.3503 could be shallow and brief from long term point of view and we'll then see a more sustainable rebound.

[zxcvb]

The price of the pair moves starting from the wave (1.5552) It is noted that the limits of the main trend line drawn for this wave along the between-level (1.5213) and (1.5275 It is worth mentioning that the current wave goal access to the area (1.5197)

[pritishahfx]

GBP/USD Technical Analysis: Support Now Below 1.52 Mark

Talking Points:

• GBP/USD Technical Strategy: Flat
• Support: 1.5180, 1.5094, 1.4950
• Resistance: 1.5322, 1.5471, 1.5551

The British Pound moved lower against the US Dollar as expected after putting in a Bearish Engulfing candlestick pattern. Near-term support is at 1.5180, the 23.6% Fibonacci expansion, with a break below that on a daily closing basis exposing falling channel top resistance-turned-support at 1.5081. Alternatively, a turn above the 14.6% level at 1.5322 opens the door for a challenge of rising channel floor support-turned-resistance at 1.5471.
Prices are too close to support to justify entering short from a risk/reward perspective. On the other hand, the absence of a defined bullish reversal signal suggests that taking up the long side is premature. With that in mind, we will remain flat for now.

[edmar6969]

06, March 2015
GBP/USD (a 4-hour chart)
The UK and Germany 10-year bond yields reached 150 basis points, indicating the downward trend continuation within the pair EUR/GBP. Apparently, this factor will deter the British pound from the strong prices decline.

The price is finding the first support at 1.5200, the next one is 1.5100. The price is finding the first resistance at 1.5300, the next one is at 1.5400.
Trading recommendations

The approach to the level of 1.5200 may lead to a price rebound upwards. The potential rebound target is the resistance level of 1.5300.

[pritishahfx]

GBP USD loses the momentum – Analysis - 06/03/2015

The GBPUSD pair continues to show sideways and tight trading, noting that stochastic loses the bullish momentum ****ually approaching from the overbought levels, which supports the chances of resuming the bearish trend that mainly depends on holding below 1.5350.

Therefore, our bearish overview still valid and active, supported by the EMA50, reminding you with our targets that begin at 1.5200 then 1.5100.

Expected trading range for today is between: 1.5100 support and 1.5350 resistance.

Expected trend for today: Bearish

[zxcvb]

With regard to trades that day will be watching the price movement among level (1.5202) and level (1.5213) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (1.5215)

[kelvin566]

the market is in a distribution phase and the thecnical indicator shows a divergence even the bear are on the trend the level 1.5179 and 1.5008 are a valid support a trade below those level means that the cross will continu it s downtrend the valid resistance is at 1.5572 where there is the down trendline