All Blog Posts Tagged 'GBPUSD' (700)

GBPUSD Weekly Forecast Mar 17 2014

Despite hesitation last week , outlook in GBPUSD remains on the upside as long as 1.6582 holds on a weekly closing basis , resistance comes at the 1.6767 levels , sustained trading – weekly closing – above the 1.6767 levels in needed to resume the upside offensive , If seen ,the pair will target the 1.6900 levels where a breach will turn focus on the 1.7000/1.7100 levels , further out will aim the 1.7300 levels.

On the downside , stability below the 1.6767 levels could mean a return…

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Added by Haitham653 on March 17, 2014 at 6:57am — 3 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 Bullish , Break of 1.6652 would open 1.6785/1.7000

The GBPUSD continued its bearish correction yesterday , topped at the 1.6652 levels and bottomed at the 1.6595 levels . Now pressure will be on the key support 1.6595…

The GBPUSD will have to hold below the 1.6595 levels on a daily closing basis to push the market for further downside losses , If seen It will target the 1.6540 levels , a halt is strongly suggested and the pair might revere to the upside from that point , If 1.6540 fails on a daily basis , expect the market to weaken…

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Added by Haitham653 on March 12, 2014 at 8:31am — No Comments

UBS: FX Morning Adviser-Technicals on majors

"EURUSD BULLISH

Any setbacks will be viewed as corrective and limited, with supports at

1.3812 and 1.3708. Resistance is at 1.3915, a break above this would

extend the strength to 1.4052.

USDJPY NEUTRAL

The important resistance at 103.65 was tested on Friday and a close above

this will be positive, opening the way to 105.44. Support is at 102.48

ahead of 101.20.

GBPUSD BULLISH The recent setback doesn’t change…

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Added by Daologic on March 12, 2014 at 6:56am — No Comments

UBS - FX & Equity Flows - Minors Attract Inflows

"Minors Attract Inflows

Gareth Berry



Flows: Reaching for yield



We were net buyers of AUD and NZD last week - the former due to a sudden improvement in domestic economic data, the latter on the likelihood of an imminent RBNZ rate hike. Buying pressure was also seen in sterling and the Nordics, while the Swiss franc suffered the worst of the outflows. In the EM space, the Singapore dollar came under the strongest selling pressure,…

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Added by Daologic on March 11, 2014 at 10:00am — 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

UBS:FX Morning Adviser-FX Technicals-Majors

EURUSD BULLISH

Any setbacks will be viewed as corrective and limited, with supports at 1.3812 and 1.3708. Resistance is at 1.3915, a break above this would extend the strength to 1.4052.

USDJPY NEUTRAL

The important resistance at 103.65 was tested on Friday and a close above this will be positive, opening the way to 105.44. Support is at 102.48 ahead of 101.20.

GBPUSD BULLISH

As bullish conditions persist, there’s…

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Added by Daologic on March 11, 2014 at 9:00am — No Comments

GBPUSD Daily Forecast Mar 11 2014

The GBPUSD maintained a bearish momentum yesterday , topped at the 1.6740 levels , and bottomed at the 1.6621 levels . This development leaves the pair targeting the 1.6580 levels , a halt is likely , but losing  the 1.6580 levels would open 1.6520 next , strong support could be seen around this level , sustained trading below the 1.6520 will turn focus on the 1.6450 levels..

On the upside , a failure to hold below the 1.6621 levels could mean  a return to the 1.6710 levels , break of…

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Added by Haitham653 on March 11, 2014 at 5:30am — 10 Comments

RBS: Global Currency Themes for the Week | Scaling Walls of Worry

"Trading Summary | We see further upside for EUR/USD and GBP/USD. European currencies are favoured over Asia FX as investors chase risk-adjusted carry returns in a vol crushed world. We believe GBP/JPY has upside on the 'winners and losers in the Race Not to Tighten First' theme. USD/CAD to trade lower initially as spot catches up with rate spreads. However, the medium-term outlook is still one of likely appreciation on ultimately…

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Added by Daologic on March 10, 2014 at 7:06am — No Comments

GBPUSD Weekly Forecast Mar 10 2014

Outlook in GBPUSD remains on the upside as long as support 1.6582 holds on a weekly basis , break of 1.6820 will suggest resumption and should target the 1.6900 levels , we might see hesitation , but a clear break above the 1.6900 levels , will pave the way to the 1.7100 levels , more gains will aim the 1.7300 levels.

On the downside , minor support comes at the 1.6680 levels , stability above the 1.6680 will keep the bullish momentum intact , below 1.6680 would open main support on…

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Added by Haitham653 on March 10, 2014 at 6:27am — No Comments

UBS FX Morning Adviser-Technical outlook on Majors

"EURUSD BULLISH

Thursday’s sharp advance reinforces the bullish trend as it closed above 1.3827. There’s scope for more upside to break above 1.3893 and then open the way to resistance at 1.4052. Support is at 1.3708.

USDJPY NEUTRAL

The pair advanced on Thursday to bring our focus on the resistance at 103.65. A close above this will be positive, opening the way to 105.44. Support is at 102.12 ahead of 101.20.

GBPUSD…

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Added by Daologic on March 7, 2014 at 8:17am — No Comments

UBS Morning Adviser-FX Technical-Majors

EURUSD BULLISH

There’s scope for extension of the corrective phase in the near-term, with

supports at 1.3692 and then 1.3610. Strong trendline resistance intersects

today at 1.3827.

USDJPY BEARISH

While resistance holds at 102.83, there’s scope for resumption of

weakness as the trending indicators are bearish. Support is at 101.20

ahead of 100.76.

GBPUSD BULLISH

As bullish conditions persist, there’s…

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Added by Daologic on March 6, 2014 at 8:04am — 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

UBS FX Morning Adviser-Majors Technical Outlook

"EURUSD BULLISH The important trendline resistance at 1.3830 held well last Friday to prompt a setback. Only a close above this level would be positive, opening 1.3893. Support is at 1.3694 ahead of 1.3643.

USDJPY BEARISH The latest weakness suggests there’s scope for further extension of the decline to break below support at 100.76 and then onto test the critical 99.97. Resistance is at 102.83.

GBPUSD BULLISH As bullish conditions…

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Added by Daologic on March 4, 2014 at 7:54am — No Comments

UBS - FX & Equity Flows - Safety Demand Unclear

"EURUSD: Strong buying week from asset managers (4-month high) and

clear ‘CPI impact’ seen. Corporate and hedge fund buying also seen.

 USDJPY, EURJPY: Net selling driven by asset managers in both

USDJPY and EURJPY though volumes comparatively soft.

 USDCHF: Strong volume surge, led by aggressive selling by asset

manager and corporate names. Private client net flow…

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Added by Daologic on March 3, 2014 at 1:30pm — No Comments

UBS:FX Morning Adviser: Majors Technical Outlook

"EURUSD BULLISH The important resistance at 1.3831 held well. A close above this level would be positive, opening 1.3893. Support is at 1.3694 ahead of 1.3643.

USDJPY BEARISH The latest weakness suggests there’s scope for further extension of the decline to break below support at 100.76 and then onto test the critical 99.97. Resistance is at 102.83.

GBPUSD BULLISH Having unwounded the overextended upside conditions, the pair is…

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Added by Daologic on March 3, 2014 at 9:42am — No Comments

GBPUSD Weekly Forecast March 03 2014

The GBPUSD continued its bullish momentum last week, printed support at the 1.6582 levels . This development leaves the pair targeting the 1.6821 levels where a breach is likely , If seen , It will target  the 1.7000 levels , a halt is suggested , but break of 1.7000 levels will turn focus on the 1.7330 levels.

On the downside , a bearish correction towards the 1.6690/1.6640 levels is likely before attacking the 1.7000 levels , losing the 1.6640 levels would challenge main support…

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Added by Haitham653 on March 2, 2014 at 1:51pm — No Comments

UBS Morning Adviser: FX technical Outlook-Majors

"EURUSD BULLISH With bullish conditions in place, there’s scope for a test of critical resistance at 1.3834. A break above which would open 1.3893. Support is at 1.3660 ahead of 1.3590.

USDJPY NEUTRAL Resistance is at 103.10 ahead of 103.65. Support is at 101.39 ahead of 100.76.

GBPUSD BULLISH Having unwounded the overextended upside conditions, the pair is regaining strength. There’s potential for more upside to 1.6878. A break…

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Added by Daologic on February 27, 2014 at 9:03am — No Comments

UBS Morning Adviser: FX Technical outlook

"EURUSD BULLISH With bullish conditions in place, there’s scope for a test of critical resistance at 1.3839. A break above which would open 1.3893. Support is at 1.3660 ahead of 1.3590.

USDJPY NEUTRAL Resistance is at 103.10 ahead of 103.65. Support is at 101.39 ahead of 100.76.

GBPUSD BULLISH The pair has been correcting and the next major support lies at 1.6605. While this holds, there’s scope for resumption of bullish trend.…

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Added by Daologic on February 24, 2014 at 9:19am — No Comments

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