GBPUSD: Technical analysis/forecasts

Trading Discussion Currencies
1

GBP/USD INTRADAY: KEY RESISTANCE AT 1.524.
Pivot 1.524
Our Preference Short positions below 1.524 with targets @ 1.514 & 1.5095 in extension.
Alternate Scenario Above 1.524 look for further upside with 1.5275 & 1.531 as targets.
Comments The RSI advocates for further decline.
S1 1.514
S2 1.5095
S3 1.5055
R1 1.524
R2 1.5275
R3 1.531


2


GBP/USD INTRADAY: FURTHER UPSIDE.
Pivot 1.524 Our Preference Long positions above 1.524 with targets @ 1.53 & 1.533 in extension.
Alternate Scenario Below 1.524 look for further downside with 1.519 & 1.5155 as targets.
Comments The RSI is well directed.
S1 1.524
S2 1.519
S3 1.5155
R1 1.53
R2 1.533
R3 1.536

3


Gbp/usd intraday: The upside prevails.
Pivot 1.524
Our Preference Long positions above 1.524 with targets @ 1.5335 & 1.536 in extension. Alternate Scenario Below 1.524 look for further downside with 1.519 & 1.5155 as targets.
Comments The RSI is mixed to bullish.
S1 1.524
S2 1.519
S3 1.5155
R1 1.5335
R2 1.536
R3 1.54

4


GBP/USD INTRADAY: THE UPSIDE PREVAILS.
Pivot 1.524
Our Preference Long positions above 1.524 with targets @ 1.5335 & 1.536 in extension.
Alternate Scenario Below 1.524 look for further downside with 1.519 & 1.5155 as targets.
Comments The RSI is mixed to bullish.
S1 1.524
S2 1.519
S3 1.5155
R1 1.5335
R2 1.536
R3 1.54

5


GBP/USD INTRADAY: THE DOWNSIDE PREVAILS.
Pivot 1.5255
Our Preference Short positions below 1.5255 with targets @ 1.5155 & 1.513 in extension.
Alternate Scenario Above 1.5255 look for further upside with 1.531 & 1.5335 as targets.
Comments The RSI has broken down its 30 level.
S1 1.5155
S2 1.513
S3 1.51
R1 1.5255
R2 1.531
R3 1.5335