Gbp/Usd

[pritishahfx]

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.5186; (P) 1.5226; (R1) 1.5252

4H

GBP/USD continued to lose upside momentum. But with 1.5161 minor support intact, the rebound from 1.4950 short term bottom could extend higher. But we'd expect upside to be limited by 1.5540, 38.2% retracement of 1.6523 to 1.4950 at 1.5551 and bring down trend resumption. On the downside, below 1.5161 minor support will bring retest of 1.4950 low first.

---------- Post added at 05:26 AM ---------- Previous post was at 05:23 AM ----------

D1

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. We'd hold on to this bearish view as long as 1.5785 resistance holds.

---------- Post added at 07:24 AM ---------- Previous post was at 05:26 AM ----------

GBP USD is stable

The GBPUSD pair still settled below 1.5265 level, while the EMA50 and stochastic continue to offer negative signals on the daily time frame, which makes us keep our bearish overview on the intraday and short term basis, as the first main target is located at the psychological barrier 1.5000.

The bearish trend continuation depends on holding below 1.5375, while breaking 1.5000 will extend the bearish wave towards 1.4800.

Expected trading range for today is between: 1.5100 support and 1.5375 resistance.

Expected trend for today: Bearish

---------- Post added at 02:22 PM ---------- Previous post was at 07:24 AM ----------

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.5186; (P) 1.5226; (R1) 1.5252

4H

Intraday bias in GBP/USD is neutral for the moment. As long as 1.5161 minor support holds, rebound from 1.4950 short term bottom is in favor to extend through 1.5351. But in that case, we'd expect upside to be limited by 1.5540, 38.2% retracement of 1.6523 to 1.4950 at 1.5551 and bring down trend resumption. On the downside, below 1.5161 minor support will bring retest of 1.4950 low first.

---------- Post added at 03:35 PM ---------- Previous post was at 02:22 PM ----------

D1

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. We'd hold on to this bearish view as long as 1.5785 resistance holds.

[forex trading]

gbp/usd uptrend start by trying to test support at 1.5180 area. Break down this area could bring down even further gbp/usd to next support line at 1.5160. While the resistance area at 1.5340.

[pritishahfx]

update for GBP USD

The GBPUSD pair keeps its stability below 1.5265 level and showing negative trading below it, which supports the bearish trend overview for today, while the EMA50 and stochastic continue to push negatively on the intraday trading.

Therefore, we are waiting to target 1.5000 areas initially, reminding you that breaking this level will extend the bearish targets to reach 1.4800.

Expected trading range for today is between: 1.5100 support and 1.5375 resistance.

Expected trend for today: Bearish

[sajid1240]

Trading under fib 40 at the high of the chanelle line sell signal on gbp usd I am not responsible for any errors that occur because the only information from the previous calculation we can see it will falling to the pivot point..

[ashraf55]

To day support and resistance date.10/2/2015
Resistance 1:1.5260
Resistance 2:1.5295
Resistance 3:1.5335
Power pivot:1.5235
Support 1:1.5200
Support 2:1.5170
Support 3:1.5140
Sell order:Bhai mary plan ya hai jub market support 1ko touch kry to sell k order lga den or se k tp support 2 ok kr den or stop loss resistance1 ok kr den
Buy order:jub market resistance1 ko touch kry to buy k order lga den or se k tp resistance2 ok kr den or se k stop loss support1 kr den.
Plan 2:sell order: jub market resistance3 ko touch kry sell order ok kr den or stop loss 20 pip kr den.
Buy order:jub market support3 ko touch kry to buy k order ok kr den.

[pritishahfx]

GBP/USD Mid-Day

Daily Pivots: (S1) 1.5189; (P) 1.5270; (R1) 1.5331

4H

With 1.5161 minor support intact, the rebound from 1.4950 short term bottom could extend higher. But we'd expect upside to be limited by 1.5540, 38.2% retracement of 1.6523 to 1.4950 at 1.5551 and bring down trend resumption. On the downside, below 1.5161 minor support will bring retest of 1.4950 low first.

---------- Post added at 12:46 AM ---------- Previous post was at 12:42 AM ----------

D1

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. We'd hold on to this bearish view as long as 1.5785 resistance holds.

---------- Post added at 01:04 AM ---------- Previous post was at 12:46 AM ----------

The pair dropped last week after failing to stabilize above 1.5325, and touched its highest around 1.5351 then dropped again. Trading below the resistance of the descending channel in addition to stability above the referred to 1.5325 forces us to favor a downside move this week.

From the downside, breaking 1.5220 is required to confirm the negative outlook, as it indicates a bearish wave targeting 1.5085. From the upside, breaching 1.5325 and holding above it with a daily closing indicates that the bullish correction will extend further to the upside.

Support 1.5220 1.5170 1.5130 1.5085 1.5030
Resistance 1.5325 1.5395 1.5425 1.5465 1.5515
Recommendation
Negative expectations below 1.5265, risk-limit above 1.5350.

[ducd3vaizo]

Daily Forecast

Pair: GBPUSD
Major Trend: Sideways
Time Frame: H1
Reason: It is predicted that the market is still able to reach the 1.5323 area, because the indicator has been shrinking and stochastic BB sloping upwards. But to this day still will touch at 1.5182
Recommendation: Sell now with a target 1.5182

[Bieela]

If we refer to the moving average indicator, then most likely the GBPUSD will continue its trend down to the level of S2 or may be lower than that, but for the anticipation then attach the SL at the pivot level.

[Gamabunta]

I think that we should wait until the price break the support level at 1.5208, than we get in short position with take profit at 1.5138.

[pritishahfx]

4H

With 1.5161 minor support intact, the rebound from 1.4950 short term bottom could extend higher. But we'd expect upside to be limited by 1.5540, 38.2% retracement of 1.6523 to 1.4950 at 1.5551 and bring down trend resumption. On the downside, below 1.5161 minor support will bring retest of 1.4950 low first.

---------- Post added at 10:59 AM ---------- Previous post was at 08:42 AM ----------

D1

Daily Pivots: (S1) 1.5189; (P) 1.5270; (R1) 1.5331

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. We'd hold on to this bearish view as long as 1.5785 resistance holds.