Browsing all articles tagged with GBP/USD
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
17

GBP/USD Technical June 17

The longer term outlook for the Cable remain bullish. Bollinger bands are showing buy signals for the pair. Price action on 1.5736 level should be watch. If GBP/USD manage to break 1.5736 level and H4 candle closure above resistance then GBP/USD will gain more bullish potential that will take pair further up towards north and GBP/USD will then target 1.5800 level.

But if GBP/USD manage to break its support 1.5685 level and H4 candle closure below this level then pair will dropped towards south and target 1.5640-600 level respectively.

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.

 

Jun
12

GBP/USD D1 Technical June 12

The long term outlook for the Cable remain bullish. Yesterday GBP/USD manage to hold its physical level 1.5500 and got a bounce from 1.5517 level. Pair is expected to continue its bullish structure and face its resistance today at 1.5692 level.

Price action on 0.9692 level should be carefully handle. If GBP/USD manage to break through 1.5692 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.

High impact News can affect the movement of GBP/USD. News like Claimant Count Change.

Jun
11

GBP/USD D1 Technical June 11

The long term trend for Cable is bullish. Currently GBP/USD is moving sideways. Pair is expected to hold 1.5500 level and move upward and face its resistance at 1.5692 level. Bollinger bands are not providing clear signals yet.

Price action on 1.5500 level should be carefully watch. If pair fails to hold this level and H4 candle closure below 1.5500 level then GBP/USD will start falling towards south and target 1.5415 level.

 

Jun
10

GBP/USD D1 Technical June 10

The long term trend for the cable is bullish. Bollinger bands are not showing clear trend because of overbought of GBP/USD.

GBP/USD is expected to test its support at 1.5500 level. Price action on this level should be handle carefully. If pair manage to break this level and H4 candle closure below 1.5500 level then it will indicate lack of bullish potential and cable will then dropped towards 1.5415 level.

On the contrary, if GBP/USD 1.5607 level and D1 closure above resistance level will give more strength to pair. That will take cable further upward and GBP/USD will then target 1.5692 level.

Jun
5

GBP/USD D1 Technical June 05

The long term outlook for the cable is bullish. Bollinger bands are showing buy signals for the pair. GBP/USD is expected to test its resistance at 1.5410 level.

Price action on 1.5260 level should be watch carefully. If GBP/USD manage to hold this support level and H4 candle closure above 1.5260 then pair will remain n bullish potential and the target will be 1.5400 level.

But the scenario will be vanished. If cable fails to hold its support level and H4 candle closure below 1.5260 level the it will open gates southward and GBP/USD will then rapidly fall towards 1.5200 level.

High impact News can affect the trend of GBP/USD. News like Services PMI, Non-Farm Employment Change, ISM Non-Manufacturing PMI.

 

Jun
4

GBP/USD D1 Technical June 04

The long term trend for cable is bullish. Pair is expected to test its support 1.5260 level before moving further upward. Bollinger bands are providing buy signals for the pair.

Price action on 1.5260 level should be handle carefully. If GBP/USD manage to hold this level and H4 candle closure above this level then it will show bullish sign and cable will then continue its bullish trend towards 1.5400 level.

On the Contrary, If GBP/USD fails to hold its support level and H4 candle closure below 1.5260 level then pair will indicate lack of bullish potential and GBP/USD then dropped rapidly towards southward.

High impact News can affect the movement of GBP/USD. News like Construction PMI, Trade Balance.

Jun
3

GBP/USD D1 Technical June 03

The longer term trend for the cable is bullish now. Pair manage to break 1.5300 level. GBP/USD is expected to continue its bullish trend and target 1.5400 level price action on this level should be carefully watch.

If GBP/USD manage to overcome this level and give a day closure above physical level 1.5400 then pair will further move upward and target 1.4500 level.

May
31

GBP/USD D1 Technical May 31

GBP/USD is in bullish trend above 1.5160 level. Price action on 1.5160 level should be carefully watch. If cable manage to hold this level and give a weekly closure above 1.5200 level then it will provide a valid buy entry and target will be 1.5260 level then 1.5300 level respectively.

The scenario will be vanished. If GBP/USD fails to hold its support and D1 closure chart below 1.5160 level will take pair further down towards southward.