GBPUSD

[Samirofi]

Update: 14 Jan 2015

[Samirofi]

Update : 30 Jan 2015

[Samirofi]

GBPUSD Daily Wave Analysis

Update : 30 Jan 2015

Time Frame : Hourly 4

[Samirofi]

Update: 20 Feb 2015

4 hour GBPUSD: the bullish price action is building a rising wedge chart pattern via support (dark green) and resistance (orange) trend lines.

[Samirofi]

Update : 10 March 2015

4 hour GBPUSD: whether the bearish price movement is indeed corrective remains to be seen and will partly depend on whether price will break below the 100% Fibonacci level or above resistance.



Special Tnx to Chris Svorcik

[Samirofi]

Update: 31 Mar 2015

The GBP/USD is in a bearish channel but its angle is shallow, which in turn indicates indecisiveness.'

[Samirofi]

Update: 07 May 2015

[Samirofi]

GBPUSD 11 May 2015

The GBP/USD has bullish momentum (wave 3 magenta) but also a heavy resistance level (red) ahead. A break above it could see price head towards the Fibonacci targets of wave Y (grey) of wave B (black).''




The wave 4 (orange) bounced at the 50% Fibonacci level and is building a small wedge (orange and light green trend lines). A breakout could mean a wave 5 (orange) of wave 3 (magenta).

[Samirofi]

Update: 18 may 2015

The GBP/USD is in a strong uptrend with many layers of support below it but the wave count indicates that the current wave A (blue) could be completed.




The GBP/USD could be building a contracting wedge chart pattern when looking at the resistance and support trend lines.

[Samirofi]

GBPUSD is also bearish after breaking beneath the channel line at 1.5586 on Friday. We see the move as very sharp so it can be part of a new impulse. That said, keep an eye on more weakness after any corrective rally. We are talking about wave (ii) that may stop near 1.5586 resistance if the market turns up from here. The pair remains bearish as long as it trades 1.5700.