GBP/USD daily recommendation

[nicolebobbin]

It is likely to attempt nearer support at 1.9588 for extending further to below 1.9504 while below 1.9671 - 1.9723 area. Rise above 1.9765 would dampen this bearish expectation.

[nicolebobbin]

GBP-USD
Current fall is near an end of wave around 1.9479 - 1.9504 zone, a rally should then procede to above 1.9597 or 1.9621. Fall below 1.9461 would cancel this scenario.

[nicolebobbin]

GBP-USD
It should test 1.969 area after which a sell off down to 1.9498 or extended to 1.9412 area is expected.

[nicolebobbin]

GBP-USD
Current rise seems to be over near 1.9717 or 1.9777 for a retracement towards 1.9657 - 1.9619 area.

[nicolebobbin]

GBP-USD
While below 1.9811 it is more likely to fall further towards 1.9712 or 1.9682. Premature rise above 1.9811 could see it rising above 1.9870 zone.

[Ray_1]

I will most likely look for a short in the GU for the upcoming week.



James IB pattern can be seen in the daily chart. Plus a series of resistance made by the past week high. A long looks good if only price manages to break the week high.

[chubspips]

if the current fundamental situation continues, we could easily see a revisit to 1.3535, IMO. The technicals I research are hinting to this as well, so... we will see.

Good Pippin,

Chubs

[neSSa]

EURUSD rises, however I think this is a technical retracement and maintain a short on the pair while Strong resistance can be seen at 1.4600 on GBPUSD

[FXJHONNY]

The negative trading conditions and the weakening of the dollar have seen the gbpusd trade higher throughout yesterday’s trading session as we near crucial levels. A cap at 1.4774; a move past this level would head for a strong resistance at 1.4963.
This said, expect a zigzag move to find support at 1.4683, with persistent dollar bulls (subsiding of Swine flu fears) push for 1.4626 then 1.4517.

GOOD TRADING PEOPLE!!