Gbp/Usd

[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.

[sultankhan]

dear forex me tu kio bhi pair ho ksi risk se khali nhi he is me ager profit hota he tu is se ziyada loss bi hota he gbpusd ek esa pair he jis me her mmber trading krta he iski movmnt value hamen aasani se pta chaljata he and is me bhi ham ager succes hona chahte hen tu hamen mhnt krni pregi

[pritishahfx]

Weekly
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.

[brokerbeginner]

almost all currencies fell as crude oil fell

[forex trading]

gbp/usd uptrend start by trying to test support at 1.5180 area. Break down this area could bring down even further silver to next support line at 1.5140. While the resistance area at 1.5330.

[ashraf55]

To day support and resistance date.9/2/2015
Resistance 1:1.5280
Resistance 2:1.5310
Resistance 3:1.5345
Power pivot:1.5240
Support 1:1.5230
Support 2:1.5200
Support 3:1.5175
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]

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.

[Gamabunta]

As we can see, the price is retsting the resistance level at 1.5268, that's why I think that we can get in short position with take profit at 1.4950.

[pritishahfx]

GBP/USD Weekly Outlook

4H
GBP/USD's rebound from 1.4950 extended higher last week and the development suggested near term bottoming. As long as 1.5161 minor support intact, further rise could be seen initially this week. But we'd expect upside to be limited by 1.5540, 38.2% retracement of 1.6523 to 1.4950 at 1.5551, to limit upside and bring down trend resumption. On the downside, below 1.5161 minor support will bring retest of 1.4950 low first.

[Gamabunta]

I think that we can get in long position from the support level at 1.5218 with take profit at 1.5485.