GBPUSD Market Analysis

Offline
10-03-2016, 11:51 PM, (This post was last modified: 10-03-2016, 11:56 PM by ForexMart Supporter.)
#1
resim



The GBPUSD pair traded with strong negativity to attack the key support levels 1.2913 followed by 1.2864 and attempts to hold below the last level, which makes us stop this morning suggested bullish trend scenario and stay aside in order to monitor the daily candlestick close according to 1.2864 level, as holding below it represents the key to resume the short term bearish trend to head towards 1.2700 areas initially.

On the other hand, returning to trade above 1.2913 level will reactivate the positive scenario.

Expected trading range for today is between 1.2750 support and 1.3000 resistance.


Possibly Related Threads...
Acy - Analisa Market
Firewoodfx - Daily Market News
Forextime Daily Market Analysis
Adamant Finance - Daily Analysis
Instaforex Daily Analysis
"fort Financial Services"- Fundamental And Technical Analysis
Daily Market Analysis From Forexmart
Daily Forex Analysis From Fideliscm
NewForex — The technical analysis of Forex Market
EURUSD Market Analysis
Offline
10-04-2016, 03:03 PM,
#2
The GBPUSD pair broke 1.2864 level and closed the daily candlestick below it, which pushes the price out of the sideways range that appears on the above chart, opening the way to record new historical lows, as the price continues to move inside the bearish channel that organizes trading since the beginning of the current month.

Therefore, the bearish trend will be suggested in the upcoming sessions supported by the negative pressure provided by the EMA50, and the next target is located at 1.2725, noting that breaching 1.2864 followed by 1.2913 levels will stop the suggested negative scenario and lead the price for recovery attempts on the intraday and short term basis.

Expected trading range for today is between 1.2700 support and 1.2913 resistance.
Offline
10-05-2016, 03:41 PM,
#3
The GBPUSD pair succeeded to reach our main waited target for yesterday at 1.2725, which represents the short term bullish channel's support that appears on chart, and according to the trading rules inside the channels, the price is on its way to build bullish wave on the intraday basis, targeting testing 1.2864 followed by 1.2960 levels.

Therefore, the bullish bias will be suggested in the upcoming sessions supported by stochastic positivity that appears clearly on the four hours' time frame, taking into consideration that breaking 1.2700 level will stop the suggested rise and push the price to head towards 1.2600 as a new negative station.

Expected trading range for today is between 1.2670 support and 1.2864 resistance.
Offline
10-06-2016, 05:01 PM,
#4
The GBPUSD pair bounced bearishly after reaching 1.2770 level yesterday, as the price lost its bullish momentum clearly, while stochastic shows negative overlapping signal on the four hours' time frame, which puts the price under potential negative pressure in the upcoming sessions, expecting to push trading to resume the decline inside the bearish channel that appears on chart.

Therefore, the bearish bias will remain suggested for today, and the first target is represented by testing 1.2675 level, which breaking it represents the key to extend the bearish wave to reach 1.2400 areas, noting that breaching 1.2770 level will stop the current negative pressure and lead the price to achieve intraday gains that reach to 1.2864 followed by 1.2914.

Expected trading range for today is between 1.2600 support and 1.2826 resistance.
Offline
10-10-2016, 11:27 PM,
#5
The GBPUSD pair returned to settle around the long term bearish channel's support line that appears on chart after the sharp decline that appeared on last Friday, and the price could not manage to break this channel's support, which makes us stay aside until we get clearer signal for the next trend, which we will get after moving away from 1.2410 level.

Note that holding above this level represents the first key for recovery attempts that target 1.2550 followed by 1.2720 levels mainly, while breaking it and holding below it will push the price to suffer more losses, and the next main station is represented by testing 1.2000 level again.

Expected trading range for today is between 1.2300 support and 1.2550 resistance.
Offline
10-11-2016, 11:04 PM,
#6
The GBPUSD pair keeps pushing negatively to move below 1.2300 level now, which supports the continuation of our bearish overview efficiently for the upcoming sessions, waiting to head towards 1.2000 level as a next main station.

In general, the bearish trend scenario will remain valid and active unless breaching 1.2410 level and holding above it.

Expected trading range for today is between 1.2170 support and 1.2410 resistance.
Offline
10-13-2016, 12:03 PM,
#7
The GBPUSD pair crawls downwards gradually to break 1.2200 level and attempts to hold below it, which supports the continuation of our bearish overview on the intraday and short term basis, which targets testing the psychological barrier at 1.2000 as a next main station.

Stochastic heads downwards to support the suggested decline, while the EMA50 keeps pushing negatively on the price, thus, the bearish bias will remain valid for today unless breaching 1.2400 level and holding above it.

Expected trading range for today is between 1.2000 support and 1.2300 resistance.
Offline
10-14-2016, 10:26 PM,
#8
The GBPUSD pair hovers around 1.2200 level since morning, while stochastic provides clear negative signals now, to support the chances of resuming the bearish trend in the upcoming sessions, which keeps our bearish overview valid until now.

Our main waited target is located at 1.2000, while achieving it conditions holding below 1.2390.

Expected trading range for today is between 1.2000 support and 1.2340 resistance.
Offline
10-17-2016, 02:34 PM,
#9
The GBPUSD pair shows calm bearish bias heading towards our main waited target at 1.2000, as the price falls under continuous negative pressure formed by the EMA50, to support continuing the decline in the upcoming sessions, noting that stochastic reach to the oversold areas now might cause some sideways fluctuation before resuming the suggested decline.

Overall, holding below 1.2370 level will keep the bearish trend scenario active for the upcoming period, as breaching this level represents the key to recover and attempt to achieve gains that target 1.2550 followed by 1.2720 levels.

Expected trading range for today is between 1.2000 support and 1.2250 resistance.
Offline
10-18-2016, 02:01 PM,
#10
The GBPUSD pair shows some bullish bias to move above 1.2200 barrier now, noticing that the EMA50 keeps pushing negatively on the intraday and short term trading, while stochastic shows clear overbought signals now.

Therefore, we believe that the chances are valid to rebound bearishly and resume the main bearish trend, which its next target located at 1.2000, noting that breaching 1.2360 level will stop the current negative pressure and lead the price to start recovery attempts that target 1.2550 areas initially.

Expected trading range for today is between 1.2100 support and 1.2300 resistance.
Offline
10-19-2016, 03:29 PM,
#11
The GBPUSD pair showed positive trading yesterday to approach from the previously broken support of the bearish channel that turns into key resistance now at 1.2355, noticing that the EMA50 forms solid resistance barrier that managed to stop the positive attempts, accompanied by stochastic starting to move downwards.

Therefore, these factors encourage us to keep our expectations of the overall bearish trend, which its main target located at 1.2000, while its continuation conditions holding below 1.2355.

Expected trading range for today is between 1.2100 support and 1.2355 resistance.
Offline
10-20-2016, 05:13 PM,
#12
The GBPUSD pair keeps its stability below the previously broken support of the bearish channel that turns into resistance now at 1.2345, as the EMA50 forms good negative pressure that protects the recently suggested negative scenario, to keep the bearish trend valid and active until now.

Therefore, we are waiting for negative trading in the upcoming sessions, and the main target is represented by testing the psychological barrier at 1.2000 again, reminding you that breaching 1.2345 level will lead the price for recovery attempts that target 1.2550 areas initially.

Expected trading range for today is between 1.2150 support and 1.2370 resistance.
Offline
10-21-2016, 05:18 PM,
#13
The GBPUSD pair continues to crawl downwards calmly to move away from the key resistance line that declines now to 1.2340, and the price falls under continuous negative pressure by the EMA50, to support the continuation of the main bearish trend scenario that targets 1.2000 areas as a next main station.

Therefore, our bearish trend expectations will remain valid without any change unless 1.2340 level and holding above it, as breaching this level represents positive factor that will open the way to achieve intraday gains that start at 1.2550 mainly.

Expected trading range for today is between 1.2100 support and 1.2340 resistance.
Offline
10-26-2016, 06:37 PM,
#14
The GBPUSD pair provided clear negative trading yesterday's evening and attempted to surpass 1.2100 barrier, which supports the continuation of the expected bearish trend scenario on the intraday and short term basis, which targets testing the psychological barrier at 1.2000 as a next main station.

The EMA50 keeps pushing negatively on the price, to support continuing the decline in the upcoming sessions, noting that breaking the targeted level will extend the pair's losses to reach 1.1800 as a next main target, while the expected decline will remain valid unless breaching 1.2340 level and holding above it.

Expected trading range for today is between 1.2050 support and 1.2245 resistance.
Offline
10-27-2016, 08:45 PM,
#15
The GBPUSD pair shows sideways trading since morning settling below the EMA50, to continue the negative pressure domination on the price, besides that stochastic continues to provide the bearish trend signals on the intraday time frames.

Therefore, the negative scenario will remain valid for the upcoming sessions as long as the price is below 1.2340, reminding you that our main waited target is located at 1.2000.

Expected trading range for today is between 1.2100 support and 1.2300 resistance.



Users browsing this thread: 1 Guest(s)
Komen: 57 <<>> Dilihat: 1833
GBPUSD Market Analysis
ForexMart Supporter
105025
Forum Jump: