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GBP/USD daily outlook
Nov 06, 2015 at 12:23
6th November 2015
The GBPUSD had a bearish momentum yesterday bottomed at 1.5359. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below the H4 EMA 200 located around 1.5370 targeting 1.5300 or lower. Immediate resistance is seen around 1.5400. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains around 1.5505 area which remains a good place to sell with a tight stop loss. We will have some high impact news from the UK today: BOE inflation report, MPC official bank rate votes and monetary policy summary.
The GBPUSD had a bearish momentum yesterday bottomed at 1.5359. The bias is bearish in nearest term especially if price able to make a clear break and consistent movement below the H4 EMA 200 located around 1.5370 targeting 1.5300 or lower. Immediate resistance is seen around 1.5400. A clear break above that area could lead price to neutral zone in nearest term but key resistance remains around 1.5505 area which remains a good place to sell with a tight stop loss. We will have some high impact news from the UK today: BOE inflation report, MPC official bank rate votes and monetary policy summary.
Top Forex Robot
Mitglied seit Oct 02, 2014
905 Posts
Nov 07, 2015 at 10:18
I consider buying at 1.4980
Positivity
Mitglied seit Oct 11, 2013
769 Posts
Nov 10, 2015 at 03:29
The GBPUSD goes above the 1.5100 level, but it may drop again due to the fact that the bearish trend is still in place.
Mitglied seit Oct 27, 2014
53 Posts
Nov 10, 2015 at 05:12
I like that set my selllimit at 1.51199 but i dont now how mutch i can take from it
Mitglied seit Oct 27, 2014
53 Posts
Nov 13, 2015 at 19:58
Right or rong ?
Anhänge:
Mitglied seit Oct 02, 2014
905 Posts
Nov 16, 2015 at 21:16
Looks bearish...
Positivity
Mitglied seit Oct 27, 2014
53 Posts
Nov 16, 2015 at 21:22
Maby it cud save me 😭😲
Mitglied seit Oct 27, 2014
53 Posts
Nov 16, 2015 at 22:22
(bearbeitet Nov 16, 2015 at 22:34)
cud this be right ?
Anhänge:
Nov 23, 2015 at 07:47
The GBPUSD attempted to push higher last week topped at 1.5335 but whipsawed to the downside and broke below the bullish channel and the H1 EMA 200 as you can see on my H1 chart below, suggests a potential bearish scenario. The bias is bearish in nearest term testing 1.5090 area. Immediate resistance is seen around 1.5200/25 area which seems to be a good place to sell with a tight stop loss.mail me at shailesh_goswami(at)yahoo(dot)com
Top Forex Robot
Mitglied seit Oct 11, 2013
769 Posts
Nov 26, 2015 at 22:23
The GDP numbers from the United Kingdom may decide the direction on the GBPUSD. Lets see how they come out this Friday.
Mitglied seit Oct 02, 2014
905 Posts
Nov 29, 2015 at 12:09
There could be an opportunity to go long this week.
Positivity
Nov 30, 2015 at 08:08
The GBPUSD regained its bearish momentum last week, broke below the minor bullish channel as you can see on my H1 chart below suggests a bearish outlook. The bias is bearish in nearest term testing 1.5000 psychological support. A clear break and daily close below that area could trigger further bearish scenario testing 1.4850 region. Immediate resistance is seen around 1.5070. A clear break above that area could lead price to neutral zone in nearest term testing 1.5130 area.
Top Forex Robot
Mitglied seit Oct 02, 2014
905 Posts
Dec 06, 2015 at 13:07
Well that's great! What a month already.
Positivity
Dec 07, 2015 at 08:03
The GBPUSD was indecisive last week. The bias is neutral in nearest term. Immediate resistance is seen around the trend line resistance and 1.5200 area as you can see on my H1 chart below which is a good place to sell with a tight stop loss targeting 1.5000 region. Immediate support is seen around 1.5080. A clear break below that area could trigger further bearish pressure testing 1.5000 region. My major technical outlook remains neutral.
Top Forex Robot
Mitglied seit Oct 11, 2013
769 Posts
Dec 08, 2015 at 05:24
The bearish trend is still in place for the GBPUSD, but the 1.4900 level could be a good support still.
Dec 09, 2015 at 08:53
I looked at the charts today and see that there was very little price action on most of the currency pairs. Traders I have looked at the charts and I have to say I do not like what I am seeing as there is very little price action. I would think this is that in a week the FOMC will announce the interest rate and if they are going to raise it, Traders are just staying on the side. Trades my suggestion is to trade a demo account……
Plan Your Trade and Trade your Plan !
OK let us take a look at the currency pair of the day that is the GBPUSD- This is the 30 minute chart.l have looked at this chart and remains in a very nice down trend. I would like to see price action give us a nice bearish candle below the daily pivot and we can enter this trade at the price of 1.4994. I am looking for a retest of the pivot for conformation. I would like to take profit at the support zone as marked on the chart and the S1 pivot point at the price of 1.4947. This could be a nice 40 pip trade today all we need is price action.
Plan Your Trade and Trade your Plan !
OK let us take a look at the currency pair of the day that is the GBPUSD- This is the 30 minute chart.l have looked at this chart and remains in a very nice down trend. I would like to see price action give us a nice bearish candle below the daily pivot and we can enter this trade at the price of 1.4994. I am looking for a retest of the pivot for conformation. I would like to take profit at the support zone as marked on the chart and the S1 pivot point at the price of 1.4947. This could be a nice 40 pip trade today all we need is price action.
Top Forex Robot
Mitglied seit Oct 02, 2014
905 Posts
Dec 12, 2015 at 16:59
Wait until the FED, guys.
Positivity
Mitglied seit Oct 02, 2014
905 Posts
Dec 20, 2015 at 20:20
Looking to enter long.
Positivity
