All Blog Posts Tagged 'GBP/USD' (290)

GBPUSD Elliott Wave Analysis: Uptrend Continuation

On cable we are tracking a bullish impulsive wave count, now with wave V in progress which is a final leg of the pattern. Wave V also must be structured by five subwaves, so we expect more upside as pullback down to 1.6463 unfolded in corrective manner, labeled as wave (4). We are looking for a rally toward 261.8% projected target of wave IV and even to 1.7000 before we may look for evidences of a bearish reversal. As long as pair stays above the lower trendline trend is up!

GBPUSD…

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Added by Gregor Horvat on May 1, 2014 at 7:35am — No Comments

GBPUSD Elliott Wave Analysis: Bullish Waves In Action

GBPUSD broke to the upside yesterday as expected after a completed corrective wave (ii) at 1.6552 last Friday. Pair turned very strongly to the upside which is very typical for wave (iii) of a five wave move as this leg is usually an extended and the sharpest compared to other impulsive legs. With that said, we see room for much higher levels, ideally market will rise to new high of the year, up to 1.6900 in days ahead while 1.6552 support holds.

GBPUSD 4h Elliott Wave…

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Added by Gregor Horvat on April 9, 2014 at 8:00am — No Comments

MY orders:

1 # EUR/USD sell @ 1.3782 / TP 1.3650

2 # GBP/USD sell @ 1.6647 / TP 1.6528

3 # USD/JPY buy @ 102.65 / TP 103.85

4 # EUR/JPY buy @ 140.98 / TP 142.15 (+6pip)

5 # USD/CHF buy @ 0.8845 / TP 0.8965

6 # AUD/USD sell @ 0.9327 / TP 0.9241

7 # USD/JPY buy @ 102.06 / TP 102.60

8 # GBP/USD sell @ 1.6728 / TP 1.6660

9 # GBP/USD sell @ 1.6776 / TP 1.6730 close earlier…

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Added by Andrius on April 8, 2014 at 12:30pm — 5 Comments

GBPUSD Elliott Wave Analysis: Bullish Reversal

GBPUSD found the support last week and recovered nicely above the upper trend line of a downward channel. A reversal from the low can be counted in five waves on the intraday charts, so we suspect that trend has changed and that pound will continue to the upside, especially after a corrective retracement back to 1.6550/70 that could unfold in the next few sessions.

GBPUSD 4h Elliott Wave Analysis…

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Added by Gregor Horvat on April 1, 2014 at 10:16am — No Comments

GBPUSD Elliott Wave Analysis: Corrective Price Action

GBPUSD found some support in this week and recovered for a few pips above the upper trend line of a downward channel. We however need a decisive break higher and impulsive extension above 1.6654 key level that will confirm a bullish continuation. So if price will stay bullish for another 24 hours and exceed 1.6654 then long trading opportunity could be interesting.

GBPUSD 4h Elliott Wave Analysis…

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Added by Gregor Horvat on March 27, 2014 at 9:00am — No Comments

GBP/USD Looks For Lower: Elliott Wave Analysis

The markets did not move much during Asian session, but we can see some volume coming in, especially on GBPUSD which is down more than 40 pips in the last 30minutes.  In fact, I can see nice five waves down followed by three waves up on hourly chart. Pair is now testing the lower side of a channel where breakout will put new lows back in play. Looking lower as long as 1.6710 is not breached.

GBPUSD 1h Elliott Wave Analysis…

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Added by Gregor Horvat on March 18, 2014 at 8:10am — No Comments

GBPUSD Elliott Wave Analysis: Be Aware Of A Bullish Reversal

GBPUSD; triangle placed in wave (iv) suggest that move to the lows was final within a five wave decline from 1.6783. We also can see a divergence between waves (iii) and waves (v) so rally can be seen in sessions ahead. Break of 1.6634 will confirm a completed leg, maybe even of a wave C of a three wave retracement from  Feb 17th high, so we should be aware of a bullish reversal in that instance.

GBPUSD 1h Elliott Wave Analysis…

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Added by Gregor Horvat on March 12, 2014 at 2:11pm — No Comments

GBPUSD Elliott Wave Analysis: Corrective Price Action

GBPUSD turned down yesterday, through the lower side of an upward channel that suggest now a completed wave B. As such price is now heading down in wave C final leg of corrective pattern that may look for a support around 1.6550 later this week. Keep in mind that larger trend is still up, and that retracement from 1.6822 is just temporary.

GBPUSD 4h Elliott Wave Analysis…

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Added by Gregor Horvat on March 11, 2014 at 9:06am — No Comments

GBPUSD Elliott Wave Analysis: Complex Correction

GBPUSD has unexpectedly turned down in the last few days from 1.6764 where we now labeled end of wave B, after only three wave move up that is a corrective move. As such, temporary recovery is part of a bigger correction. We are tracking now a three wave decline from 1.6822 high with wave C moving south to 1.6460-1.6530 area where we will pay a close attention to signs of a completed downward correction.

GBPUSD 4h Elliott Wave Analysis…

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Added by Gregor Horvat on March 4, 2014 at 9:29am — No Comments

EUR/USD, GBP/USD & AUD/USD week ahead..

#‎GBP‬/USD 233 MIN chart. 76.8% fib resistance from yearly highs...has to clear 1.6830 for bull run…





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Added by Shaun Powell on March 2, 2014 at 5:06pm — No Comments

GBPUSD Elliott Wave Analysis: Eyeing Towards 1.7000

A sharp rise above 1.6700 last week and move above highs back from April 2011 invalidated the bearish weekly triangle count, so we are now tracking a new bullish count with impulsive price action. We are tracking a huge wave C) on a weekly chart that can be now in final stages as we see price moving up in wave V, final leg of the pattern. However, because of very sharp rally and bullish sentiment from 1.6250 market can form an extended fifth even to 1.7000 psychological level.

GBPUSD…

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Added by Gregor Horvat on February 17, 2014 at 9:35am — No Comments

GBPUSD Elliott Wave Analysis: Uptrend Continuation Towards 1.6730

GBPUSD has extended gains yesterday and now already trading at 1.6600 region. Personaltiy of the latest bullish run is very sharp so we suspect it's impulse in progress, thus part of an uptrend. We adjusted the wave count and labeled a five wave decline from 1.6667 as wave (c) that was pwar of an expanded flat in wave B. If that is the case then pair is now heading higher in wave C towards 1.6730 area.

GBPUSD 4h Elliott Wave Analysis…

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Added by Gregor Horvat on February 13, 2014 at 10:12am — No Comments

This weekend’s Weekly Review, Analysis & Forecast for GBPUSD, AUDUSD, USDCAD & NZDUSD, February 2nd 2014

Hello all,

I am publishing the video analysis for the majors GBP/USD, AUD/USD, USD/CAD & NZD/USD shared with my free Newsletter subscribers this weekend February 2rd, 2013, as I occasionally do.

Please find the related video below:

http://youtu.be/sSfW_ZMm_YY…

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Added by FibStalker on February 3, 2014 at 3:50am — No Comments

GBP/USD: Spike Higher Looks Exhaustive; Get Ready To Sell - Commerzbank

GBP/USD’s spike high to 1.6483 seen as exhaustive, says Commerzbank.

"A close below support at 1.6259/56 is needed to cast attention back to the 5 month uptrend at 1.6180. A close below here is needed to alleviate immediate upside pressure and re-target the 1.5855 November low, but our feeling is that that this…

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Added by ZeusFXTrader on December 20, 2013 at 8:57am — No Comments

GBP/USD falls to near support zone!

Added by ZeusFXTrader on December 15, 2013 at 5:51pm — No Comments

Majors consolidate ahead of US data Tuesday

EUR/USD Current price: 1.3664

Uneventful day in the forex market, as the dollar reversed all of the mild gains seen before US opening. Worse than expected existing home sales in the US, that dropped 1.9% on rising prices, along with comments of ECB’s members…

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Added by Valeria B Bednarik on October 21, 2013 at 7:43pm — No Comments

HSBC - Sterling rally on shaky foundations

HSBC - "It is tempting to believe that the strong UK economic data will continue as the housing market comes back to life and consumers continue to increase their spending. If this were the case, then the Bank of England would find it very difficult to keep rates at a record low for a further long period, and the recent rally in sterling could continue. However, the more likely case is the upside surprises in the UK turn into downside surprises as the reality of negative real income growth…

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Added by Francesc Riverola on September 26, 2013 at 8:23am — No Comments

UBS - EURUSD As a reaction to the sharp advance, there is scope for a short-term setback to unwind

UBS - "USDJPY BULLISH Resistance is at 100.61, a break above which would open 101.53 ahead of 103.74. Support is at 97.76 ahead of 96.82.

EURUSD BULLISH As a reaction to the sharp advance, there is scope for a short-term setback to unwind. Support is at 1.3501 ahead of 1.3392. Resistance is at 1.3569, a break above which would open the way to major resistance at 1.3711.

GBPUSD BULLISH Resistance is at 1.6179, a break above which would open the way to 1.6381. Any downside will be…

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Added by Francesc Riverola on September 20, 2013 at 7:00am — No Comments

GBP/USD Weeky Analysis

GBP/USD Daily chart..... Bearish three drive pattren+ Bearish Butterfly Pattren on daily Chart Perfect 1.5904 and 1.6000(78.60% fibo) level for sell let see this level hold this week or not if hold we can sell with 1.5750 (61.8% fibo)and 1.5576(50.00% fibo) target…

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Added by Abdul Rehman on September 15, 2013 at 1:30pm — No Comments

I suggest buying Cable

As I don't have enough information for EURUSD at the moment (I think BUY Euro from lower levels) I am posting GBPUSD forecast analysis instead.

Cable lost some ground in the last two days. Market is waiting for Mark Carney´s speech on the 28th of August next week to reaffirm that borrowing cost will stay at an all-time low. Anyway I recommend buying GBP/USD at current levels 1.5550 for possible targets 1.5628/84 and 1.5750. Note of UK bank holiday on Monday, 26th.…

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Added by Saso Klobucaric on August 25, 2013 at 5:24pm — No Comments

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