All Blog Posts Tagged 'GBPUSD' (734)

GBPUSD Weekly Forecast Feb 23 2015

Outlook in GBPUSD remains neutral at the moment , the pair is in recovery mode in medium term outlook , support comes at the 1.5351 levels ahead of the 1.5222 levels (main) , resistance comes at the 1.5539 levels . At this point I’d expect strong resistance from the 1.5339 levels to limit rise from 1.4950 and bring fall resumption , however ; sustained breakout – weekly closing – above the 1.5539 levels will extend recovery towards the 1.5785 /1.5941 levels before the next fall..

On…

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Added by Haitham653 on February 23, 2015 at 7:02am — No Comments

GBPUSD - Buy Dip scenario still rules. 1.5560 targeted this week.

A trend of higher weekly CABLE lows which have been posted since January’s 18 month base at 1.4951 and a weekly close above the 13 day average rate kept last week’s signals pointing higher. These were confirmed as the sequence of higher weekly lows has been extended to 3 and with gains of almost 2 Big Figs. There is no sign that the demand to buy dips is ending so we continue to look to the topside with potential to 1.5560 or even 1.5621.…

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Added by Alan Collins on February 16, 2015 at 9:30am — No Comments

GBPUSD - Tentatively Bullish targeting 1.5297

Against a background of positive signals for sentiment for this week, yesterday saw a return of buying interest. After 2 days of decline the trend defining 13 day moving average was untested and buyers emerged around the 1.5200 level. Monday’s net fall was regained but the highs were not maintained and Asia has attracted some further downside. Nonetheless, temporarily and cautiously, sentiment is assessed as positive and so our call is Cautiously Bullish while above 1.5197, yesterday's low.…

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Added by Alan Collins on February 11, 2015 at 6:30am — 1 Comment

GBPUSD, GBPJPY, Gold Signal 9 Februari 2015

GBPUSD – Up

GBPJPY – Down…

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Added by Hendro Sasmito, ST on February 9, 2015 at 2:00am — No Comments

GBPUSD, GBPJPY, Gold 6 Februari 2015

GBPUSD – Down

GBPJPY – Down…

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Added by Hendro Sasmito, ST on February 6, 2015 at 1:45am — No Comments

UK shows a strong start in 2015 // Sell with less aggressive profit taking

UK shows a good start in 2015 by releasing good PMI figures for January. Markit Manufacturing PMI was 53.0 (consensus 52.6) from 52.7 (0.3ppt up), PMI Construction was 59.1 (consensus 57.0) from 57.6 (1.5ppt up) and most importantly Services PMI was 57.2 (consensus 56.3) from 55.8 (1.4ppt up). Manufacturing growth figure shown on 2014 GDP Q4 is weak so a better than expected Manufacturing PMI is probably a good news to UK economy. Service PMI is doing good as well…

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Added by Ping Lam on February 5, 2015 at 5:00am — No Comments

GBPUSD, GBPJPY, Gold 5 Februari 2015

GBPUSD – Down

GBPJPY – Down…

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Added by Hendro Sasmito, ST on February 5, 2015 at 1:36am — No Comments

GBPUSD, Gold 4 Februari 2015

GBPUSD – Down

Gold – Flag…

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Added by Hendro Sasmito, ST on February 4, 2015 at 1:41am — No Comments

GBPUSD - Gradual drift lower to continue.1.4989 targeted

Like EURUSD this week's signals highlight a lack of clear immediate signals for sentiment. This was confirmed by limited net movement yesterday and similar ranges to Friday’s indecisive trading. So, despite remaining under the 13 day average and the Keltner channel being bearish, immediate studies have to be assessed with caution. Nonetheless lower levels in Asia keep the focus on the downside with potential to 1.4989 or even 1.4951. The risk level is currently assessed as…

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Added by Alan Collins on February 3, 2015 at 7:19am — 1 Comment

UK shows disappointing GDP growth for Q4 // Sell on Rallies

UK released the first estimate of GDP on Tuesday, showing a disappointing 0.5% growth (consensus 0.6%). The annual growth of UK is 2.6%, which is a big miss from the November Inflation Report estimation, which is 3.5%. It also confirmed that UK lost the crown of being the fastest growing G7 economies, with US beating her with 3% annual growth. The service sector in UK is still the most contributing segment to the whole UK economic growth, while industrial output and construction did nothing…

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Added by Ping Lam on January 28, 2015 at 4:00am — 5 Comments

GBPUSD, Gold 28 Januari 2015

GBPUSD – Down

Gold – Down…

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Added by Hendro Sasmito, ST on January 28, 2015 at 1:38am — No Comments

GBPUSD - Temporary Rally potential but market targets 1.4912/4813 this week

Sellers continue to govern CABLE with last week producing the 6th weekly decline in succession – tracking the lower end of a declining Keltner channel. But last week was dominated by Thursday’s price action – initial gains rejected near the key 13 day moving average then followed by the most aggressive fall of the month. The lows, posted Friday, were not held as some profit taking, from oversold extremes, was attracted but allowing for a temporary stronger bounce there remains potential to…

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Added by Alan Collins on January 26, 2015 at 7:51am — 1 Comment

GBPUSD, AUDUSD, Gold 23 Januari 2015

GBPUSD – Up

AUDUSD – Up…

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Added by Hendro Sasmito, ST on January 23, 2015 at 1:56am — 1 Comment

All nine members from MPC voted for rate unchanged, meaning UK will probably face deflation for a while longer.

UK has released its January MPC minutes and not surprising, the hawks eventually joined other 7 members to vote for a rate unchanged this time. It is quite as expected due to both internal and external risks UK is going to face in 2015. The labour data released together was a good news as unemployment in November has decreased to 5.8% (consensus 5.9%) and wages growth reached 1.7%. However, it is for sure not a reversal signal about UK economy and we should…

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Added by Ping Lam on January 22, 2015 at 4:29am — No Comments

GBPUSD Analysis

GBPUSD 4HR



The GBPUSD is in a strong down trend on the 4hr and should continue lower. Prices are also consolidating within a triangle pattern and are expected to breakout downward completing the 5th wave. If prices successfully break downward, prices are expected to fall to around 1.4886 (brown line). However if prices breakout to the north prices can rally to as far as…

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Added by Luciano Kelly on January 22, 2015 at 4:00am — No Comments

GBPUSD 20 Januari 2015

GBPUSD – Up…

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Added by Hendro Sasmito, ST on January 20, 2015 at 7:05am — No Comments

GBPUSD - Keltner channel leads prices towards 1.5035

Yesterday's price action resulting in limited downside- a 3rd such day in a row. This kept prices near the base of the Keltner channel and selling pressure has extended in Asia. Oversold extremes are a growing concern and a reaction to the Asian move may well be seen but sentiment is negative targeting 1.5058 and 1.5035.…

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Added by Alan Collins on January 20, 2015 at 7:04am — No Comments

GBPUSD recovered a bit but bearish trend still in play // Sell on Rallies

Despite of the tsunami created by the removal of minimum exchange rate with euro by Swiss National Bank last Thursday, GBPUSD is rather trading stably in between 1.508 to 1.528. UK released its core CPI on Tuesday with a disappointing reading of 0.5%, below the 0.7% consensus. It means that the BoE governor has to write a letter of explanation to Chancellor, which is submitted with the minutes of the MPC meeting on February. The RPI also recorded a drop to 1.6% from November 2.0%. The main…

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Added by Ping Lam on January 20, 2015 at 2:30am — No Comments

GBPUSD - Potential for bounce to test 13 day avg

Tuesday’s rejection of the downside extended yesterday. The upside was not extensive but these gradual counter trend gains are now supported by intraday momentum and strength indicators (RSI) and there is scope, in our assessment, for the medium term trend defining 13 day moving average to be tested.

This comes in at 1.5291 with interim levels at 1.5251 and 1.5270. Only below 1.5171 negates this scenario.…

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Added by Alan Collins on January 15, 2015 at 7:58am — No Comments

GBPUSD Daily Forecast Jan 14 2015

Outlook in GBPUSD remains neutral with risk to the downside as long as 1.5200 resistance holds on a 4 hour closing basis , support comes at the 1.5098 levels , losing this level on a 4 hour closing basis will open the 1.5033/1.5000 levels, a cut would open 1.4900 next , further down will target the 1.4800 levels..

On the upside , stability above the 1.5098 levels on a 4 hour closing basis could mean a return to the 1.5200 levels , a halt is likely but a clear break above the…

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Added by Haitham653 on January 14, 2015 at 8:49am — No Comments

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