All Blog Posts Tagged 'GBPUSD' (700)

BBH MarketView: Currency Positioning and Technical Outlook: Beware of Breakouts

"Beware of Breakouts

The technical outlook for the dollar against the major currencies is not clear.  Yet, given the key events over the next two weeks, we are suspicious of the market's willingness to sustain breakouts.  This seems…

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Added by Daologic on February 24, 2014 at 7:25am — 1 Comment

GBPUSD Weekly Forecast Feb 24-28

The GBPUSD maintained some bearish moment, last week, topped at the 1.6821 levels , and bottomed at the 1.6610 levels . Now pressure will be on the 1.6610 levels.

The GBPUSD will have to hold below the 1.6610 levels on a weekly closing basis to push the market for further downside losses , If seen , It will target the 1.6382 levels , a halt is strongly suggested and buyers is likely to return from this level , but If 1.6382 fails on a weekly basis , expect the market to weaken further…

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Added by Haitham653 on February 24, 2014 at 4:43am — No Comments

SCALPING with strong support and resistance levels.

Scalping is a very technical way of trading.

For scalping you need 3 things:

1. Extreme focus. You need to be focused on this, otherwise you get scalped. You need a relaxed and silent medium, trading room, office. You need no distraction of any kind like phone calls, chats, etc.

2. One or two pairs with maximum spread of 1 pips. I recommend EURUSD and GBPUSD.

3. Prepare the charts. You need to prepare the charts with the most important support and resistance…

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Added by Daologic on February 21, 2014 at 10:30am — 3 Comments

UBS FX Strategy-FX Technicals in Majors

"EURUSD BULLISH With bullish conditions in place, there’s more upside potential to test trendline resistance at 1.3840. A break above which would open the way to 1.3893. Support is at 1.3674 ahead of 1.3562.

USDJPY NEUTRAL Resistance is at 103.10, a break above which would open 103.65. Support is at 101.39 ahead of 100.76.

GBPUSD BULLISH Any setback will be viewed as corrective and limited to support at 1.6605.

Resistance is at…

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Added by Daologic on February 21, 2014 at 8:36am — No Comments

ANZ Global FX outlook: GBPUSD

Key interim support at 1.6250 managed to hold firm and allow for a further GBP push into the historic sell zone above 1.6500 with previous highs of 1.6750 and 1.7040-50 acting as targets.

Slippage will remain critical with the trend appearing strong but highly extended. Dips should hold above 1.6600 (ideally…

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Added by Daologic on February 20, 2014 at 6:16am — No Comments

UBS FX Morning Adviser-FX Technicals-Majors

"EURUSD BULLISH The bullish development was a close above resistance at 1.3739. This suggests more upside in the near-term with next resistance at 1.3844 ahead of 1.3893. Support is at 1.3674 ahead of 1.3562.

USDJPY NEUTRAL Resistance is at 103.10, a break above which would open 103.65. Support is at 101.39 ahead of 100.76.

GBPUSD BULLISH Any setback will be viewed as corrective and limited to support at 1.6605. Resistance is at…

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Added by Daologic on February 19, 2014 at 7:30am — No Comments

GBPUSD Daily Forecast Feb 19

The GBPUSD maintained a bearish momentum yesterday , topped at the 1.6740 levels , and bottomed at the 1.6654 levels . Now pressure will be on the 1.6654 levels.

The GBPUSD will have to hold below the 1.6554 levels on a daily closing basis to push the market for further downside losses , If seen , It will target the 1.6625 levels where a breach will turn focus on the 1.6425 levels.

Alternatively , a failure to hold below the 1.6654 levels, could mean a return to the 1.6740…

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Added by Haitham653 on February 19, 2014 at 6:00am — No Comments

UBS Morning adviser-Technical Outlook-Majors

"EURUSD NEUTRAL The pair is approaching resistance at 1.3739. A close above this would be a bullish development opening the way to 1.38545 and then 1.3893. Support is at 1.3600 ahead of 1.3477.

USDJPY NEUTRAL Resistance is at 102.70, a break above which would open 103.65. Support is at 101.39 ahead of 100.76.

GBPUSD BULLISH Any setback will be viewed as corrective and limited to support at 1.6605. Resistance is at 1.6878, a break above this would open 1.7043.

USDCHF NEUTRAL…

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Added by Daologic on February 18, 2014 at 10:30am — No Comments

RBS:Sterling Strategy Weekly: GBP Gains Can Continue

"While the tone of last week's BoE Inflation Report was as dovish as we had expected, we clearly didn't get the change to the guidance framework that we had anticipated. The BoE chose to abandon 'explicit' forward guidance, prompting a repricing of market policy rate expectations. We have not changed our forecast for Bank Rate (first hike in Q3:15) but acknowledge that the risks have shifted towards an earlier move (Q2, or even Q1, 2015). Our colleagues in UK Economics conclude that the…

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Added by Daologic on February 17, 2014 at 2:14pm — No Comments

UBS Morning Adviser: FX Technicals-Majors

"EURUSD NEUTRAL Any further recovery will find resistance at 1.3739. A close above this would be a bullish development opening the way to 1.3893. Support is at

1.3562 ahead of 1.3477.

USDJPY NEUTRAL Support is at 100.76 ahead of 99.97. Resistance is at 102.70 ahead of 103.65.

GBPUSD BULLISH Further support developed as the pair advanced sharply and is trading within striking distance of resistance at 1.6878. A break above which would open critical 1.7043. Support is at…

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Added by Daologic on February 17, 2014 at 9:38am — 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

Deutsche Bank: The Week in FX - First Farewell to Forward Guidance

"The first farewell to guidance This week the Bank of England became the first central bank to say goodbye to forward guidance, but certainly not the last. In its quarterly Inflation Report, the Old Lady turned back to a multivariate approach in assessing future prospects for inflation and hence monetary policy, abandoning the focus on a single indicator of slack in the economy…

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Added by Daologic on February 17, 2014 at 9:21am — 2 Comments

CABLE - 50% point platforms upside this week. 1.6878 then 1.7043 potential

Recent consolidation ended last week with a move that emphasised the importance of buying at a 50% pullback point. Increasing demand resulted in the most powerful weekly gains since Jun and with the highest levels since 2009. The speed of the upside means signals are overbought and prone to profit taking but with prices hugging the top of both weekly and daily Keltner channels, and the 13 day avg supportive there is potential for 1.6878 and 1.7043…

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Added by Alan Collins on February 17, 2014 at 8:23am — No Comments

RBSM:Key Global Currency Themes This Week | Central Banks Underwhelm

"Trading Summary | Stay with stronger EUR/USD as the ECB dithers on easier policy and US data fizzles. With event risk from the BoE Inflation Report now passed, GBP strength can continue. We reaffirm our 1.69 end-Q1 target for GBP/USD, but see increased overshooting risks for the coming month. NOK price action remains constructive, with a move back in line with its traditional drivers ongoing. Further outperformance is likely on a…

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Added by Daologic on February 17, 2014 at 7:37am — No Comments

BBH MarketView: Currency Positioning and Technical Outlook: Dollar Remains Out of Favor

"Dollar Remains Out of Favor

The US dollar fell against all the major currencies over the past week.  Helped by speculation that the Bank of England will likely hike rates before it currently envisions, sterling rose to its highest level since…

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Added by Daologic on February 17, 2014 at 7:06am — No Comments

GBPUSD Weekly Forecast Feb 17-21

The GBPUSD maintained a strong bullish momentum last week , bottomed at the 1.6382 levels and topped at the 1.6754 levels . Now pressure will be on the key resistance 1.6754 .

The GBPUSD will have to hold above the 1.6754 levels on a weekly closing basis to push the market for further upside gains , If seen , It will target the psychological level 1.7000 , a halt is suggested but a breach will call for a run towards the 1.7300 levels.

Alternatively , a failure to hold above…

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Added by Haitham653 on February 17, 2014 at 2:20am — 1 Comment

BBH CurrencyView: Dollar Softer Ahead of Retail Sales

"Sterling's gains, extending yesterday's rally, are more understandable.  Simply put, the market is pricing in risk that the BOE hikes rates earlier than the BOE thinks, though the debt market is consolidating after big moves yesterday.  There is a relatively wide premium over Germany for 10-year bonds.  The BOE and CBI have revised higher growth forecasts.  The 3-year…

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Added by Daologic on February 13, 2014 at 12:27pm — No Comments

BMO FX Strategy Daily

"Strategy Comment

  …

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Added by Daologic on February 13, 2014 at 12:08pm — No Comments

GBPUSD targets 1.6700 , support 1.6425 !

The GBPUSD maintained a bullish momentum yesterday , bottomed at the 1.6425 levels  and topped at the 1.6600 levels. This development leaves the pair targeting the 1.6700 levels , a halt is suggested but a breach will turn focus on the 1.6800 levels , further out will call for a run towards the 1.6940 levels.

On the downside , support comes at the 1.6425 levels , losing this level on a daily closing basis will confirm short term topping and open 1.6260 levels , a cut  will extend…

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Added by Haitham653 on February 13, 2014 at 11:52am — 1 Comment

UBS FX Morning Adviser-FX Technicals Majors

"EURUSD NEUTRAL Initial support is at 1.3556, a break below which would extend the weakness to 1.3477. Resistance is at 1.3685 ahead of 1.3739.

USDJPY NEUTRAL Resistance is at 103.10 ahead of 103.65. Support is at 101.47 ahead of 100.76.

GBPUSD BULLISH The pair resumed its broader bullish trend and resistance focus is at 1.6668. A break above which would open the way to 1.6747. Support is at 1.6426.

USDCHF NEUTRAL There is a strong support at 0.8903. A break through this level…

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Added by Daologic on February 13, 2014 at 10:45am — No Comments

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