GBP USD

[Samirofi]

Midday update for GBP USD 12/08/2013



The pair shows some slight negative trading but it attempts to regain its bullish momentum, while we still keeping our morning issued expectations which remain valid and active conditioned by the stability above 1.5395

Expected trading range for today is between: 1.5395 support and 1.5730 resistance.

Expected trend for today: Bullish

[Samirofi]

GBP USD crawls slowly to the downside 13/08/2013



The pair continues with the slight bearish bias, approaching from the EMA50 which forms support now at 1.5410, accompanied with Stochastic move in the oversold levels.

Therefore, we believe that the chances are valid for bouncing to the upside in order to resume the bullish trend, which its targets begin at 1.5650, but you should be aware that breaking below 1.5410 will lead to visit the bullish channel’s support at 1.5225

Expected trading range for today is between: 1.5400 support and 1.5650 resistance.

Expected trend for today: Bullish

[PCMAnalyst]

Based on the previous comment and according to the formation of the harmonic pattern we can see a reversal being happened in the chart. We are anticipating losses for it if the supply continues to grow.

[Samirofi]

GBP USD builds support base 15/08/2013



The pair attempts to settle above 1.5500 to get more support to the bullish trend expectations, as the EMA50 managed to protect the pair from falling.


Therefore, the bullish trend remains valid and preferred, and the waited targets begin at 1.5665, while achieving it requires holding above 1.5420

Expected trading range for today is between: 1.5420 support and 1.5700 resistance.


Expected trend for today: Bullish

[PCMAnalyst]

The price is on the middle line of the pitchfork and simultaneously we can see bearish divergence. By entering supply pressure into the market we are expecting a drop in the price.

[Samirofi]

GBP USD in tight range 19/08/2013



The pair fluctuates in tight range after settling above 1.5600, and during this tight trading, Stochastic managed to reach in the oversold areas, reinforcing the chances of resuming the overall bullish trend, which its targets begin by testing 1.5700


Breaching this level will open the way towards 1.5885, while breaking below 1.5505 will push to visit the bullish channel’s support around 1.5290 before return to rise again.

Expected trading range for today is between: 1.5505 support and 1.5885 resistance.

Expected trend for today: Bullish

[Samirofi]

GBP USD needs positive momentum 20/08/2013



The pair shows sideways trading since yesterday, hovering around 1.5650, with some slight bullish bias heading towards the bullish channel’s resistance at 1.5725

In general, the bullish trend remains preferred on the intraday and short term basis, supported by the EMA50, while holding above 1.5535 is required for its continuation.

Expected trading range for today is between: 1.5535 support and 1.5885 resistance.

Expected trend for today: Bullish

[PCMAnalyst]

[PCMAnalyst]

We saw a drop happened by the price after formation of the ab=cd pattern and negative divergence as well. Currently it is inside the area of the level conversion. We are expecting it to climb if the lower channel is broken. On the other hand we are forecasting the price growth if the demand overcomes the supply.

[PCMAnalyst]

In line with the previous analysis we are witnessing a reversal by the price along with the demand fueling up. As long as the lower channel is not broken still bullish run is expected.