Browsing all articles tagged with GBP
Jul
2

GBP/USD D1 Technical July 02

The structure or the Cable is not clear yet. Today range for the GBP is 1.5150-1.5270 level.  Bollinger bands are showing buy signal for the pair. There can be two scenario.

Firstly, If pair manage to break its support 1.5150 level and then it will allow pair to target 1.5100 level.  Secondly, if pair manage to hold its support level and H4 candle chart closure above support then it will take GBP/USD towards northward and pair will then target 1.5270 level which is today’s resistance.

High impact Data of GBP can affect the trend of Pair. Data like Construction PMI.

Jun
18

GBP/USD D1 Technical June 18

The longer term outlook for the cable is still bullish. Currently pair is testing its support at 1.5590 level. If GBP/USD manage to break its support then pair will rapidly fall towards 1.5500 level.

The scenario will be change, if GBP/USD manage to hold this support level and H4 candle closure above 1.5600 level then it will indicate bullish strength and GBP will then start moving towards northward.

High impact News can affect the trend of GBP/USD. News like Building Permits, Core CPI m/m.

 

Jun
13

GBP/USD D1 Technical June 13

The long term outlook for the Cable remain bullish. Currently GBP/USD is testing its physical level 1.5700. Pair is expected to continue its bullish structure. Bollinger bands are tighten due to overbought of GBP.

Price action on 1.5700 level should be carefully handle. If GBP/USD manage to break through 1.5700 level and H4 candle closure above this level then it will indicate more bullish potential and GBP will then continue its uppish trend towards 1.5800 level.

On the contrary. If GBP/USD get a pull back from resistance zone and H4 candle chart closure below 1.5692 level then it will provide a valid sell entry targeting towards 1.5605 level.

High impact News can affect the movement of GBP/USD. News like Core Retail Sales m/m, Retail Sales m/m, Unemployment Claims.

 

May
20

GBP/USD D1 Technical May 20

The trend for the cable is not clear yet. As the price is at last Bollinger showing oversold of GBP/USD. There can be some retracement. If GBP/USD manage to reach 1.5260 level that is acting as daily resistance then watch price action on 1.5260 level.

If GBP/USD break this level and closure H4 above 1.5260 it will then show more bullish strength and provide a valid buy entry. On the other hand. If pair didn’t break its resistance and closure H4 below 1.5260 level then it will indicate bearish strength and GBP will then move towards south again.

Apr
5

GBP/USD D1 Technical April 05

The outlook for the pair is bullish. GBP/USD overcome its resistance 1.5260 level and continuing its uppish trend and will face its next resistance at 1.5390 level. If pair manage to break this level and H4 candle close above 1.5400 level then  it will indicate GBP got more bullish potential that will take cable further towards north.

Mar
27

GBP/USD H4 Technical March 27

 

Cable is in bearish mood. GBP/USD break its support 1.5140 level and dropped towards south. Now pair is expecting to target its next support at 1.5065 level. If GBP/USD manage to break its support level and give a day closure below this level then it will open gate towards southward and pair will target 1.5020 level.

The scenario can be change, If GBP hold its support 1.5065 level and  give a day closure above 1.5100 level. Then pair will move upward and target 1.5175-80 resistance level.

High impact Data’s can affect the move of GBP/USD. Data’s like Pending Home Sales m/m.

Mar
26

GBP/USD D1 Technical March 26

 

The outlook for the cable is bullish for today. Pair will go up and test its resistance at 1.5255 level. If GBP/USD manage t o break this level and H4 candle close above 1.5255, it will indicate bulls are ready to take pair further upward.

This scenario can be vanished, If GBP/USD didn’t manage to hold its support 1.5140 level and H4 candle close below this level then it will show GBP got bearish potential and GBP/USD will then target southward.

High impact Data’s can affect the move of GBP/USD. Data’s like Core Durable Goods Orders m/m, CB Consumer Confidence, New Home Sales.

Mar
21

GBP/USD D1 Technical March 21

Yesterday Cable mange to break its support 1.5068 level and dropped upto 48 pips rapidly. Then pair got support from 1.5022 level and start moving upward in New York session and target its resistance at 1.5170 level. Today resistance is at 1.5195 level and support is at 1.5022 level. We are expecting pair to move first upward and test its resistance and then dropped towards south. So price action on 1.5195 should be carefully handle.

If GBP/USD manage to break this level and H4 candle close above 1.5195 level then it will indicate bullish strength and pair will then move further upward and target 1.5230-50 level and Gap will also be covered then.

But this scenario can be vanished, if pair fails to break its resistance and H4 candle close below 1.5195 level. GBP/USD will then rapidly fall towards its support level.

High impact News can affect the movement of GBP/USD. News like Retail Sales m/m, Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index.

Mar
18

GBP/USD H4 Technical March 18

GBP/USD is in bullish mood today. We are expecting pair to keep moving towards north and test its resistance at 1.5171 level. Price action on 1.5170 level should be carefully watch, if pair manage to break this level and H4 candle close above 1.5170 then it will take GBP further upward and target 1.5200-50 respectively.

The scenario will be change, if GBP/USD breakthrough 1.5050 level and H4 candle close below this level. It will then give bearish strength to cable and pair will rapidly  fall towards south.

 

Mar
14

GBP/USD D1 Technical March 14

Yesterday GBP/USD manage to break its resistance 1.4950 level but positive News of USD change the scenario and take  pair towards south. Now daily resistance is at 1.4980 level and support is around 1.4860 level.

Today pair is expecting to test its resistance at 1.4980 level. Price action on this level should be carefully watch. If pair manage to break through resistance then it will allow GBP to move further up. On the other hand. If Cable didn’t manage to break 1.4980 level and H4 candle close below 1.4980 level. It will then change the strength of GBP/USD and pair will start moving towards south and target its support 1.4860 level.

High impact News can affect the movement of GBP/USD. News like PPI m/m, Unemployment Claims.