Archive
Forex: GBPUSD [Technical Comment]
GBPUSD entering the down trend in H1 chart with resistant at 1.6074 and support at 1.6019, based on the RSI and ADX is in the down position and descending triangle pattern, then the farthest target support is at 1.5968. (MT)
Forex: GBPUSD [Technical Comment]
Based on the H4 chart timeframe GBPUSD looks as if the recent consolidation after testing key resistance at 1.6149 will result in a pullback to initial support at 1.5987. A breakdown below 1.5987 will not come easily, but a failure to hold here will place 1.5911 as the next level to watch. If however 1.5987 holds firm, we should see it bounce back to or very near the resistance at 1.6208.(HND)
Forex: GBPUSD [Technical Comment]
Based on H4 chart time frame, GBPUSD looks as if the recent consolidation after testing key support at 1.6006 will result in a rebound to initial resistance at 1.6050. A breakout above 1.6050 will not come easily, but a successful move will place 1.6114 as the next level to watch. A failure to pass 1.6114 should see it slide back to or very near the support at 1.6033. (HP)
Forex: GBPUSD [Technical Comment]
Given GBPUSD has so far held above key support at 1.6064, a rebound will face resistance at 1.6094 and 1.6115. We view 1.6120 as the key breakout point and resistance, best viewed on the H1 chart, with a successful move above this level likely to see it rally to 1.6148. (ARS)
Forex: GBPUSD [Technical Comment]
GBPUSD has been caught within a narrow range for a while now, but on the H1 chart we see a bearish formation developing, with a breakdown below VST support at 1.6110 likely to see it come off to or very near 1.6075. (ARS)
Forex: GBPUSD [Technical Comment]
GBPUSD is trapped between two important moving averages on daily chart resulting sideways movement. Short term trend remains bearish as of today with key support at 1.5912 and initial resistance is at 1.6118 (TS)
Forex: GBPUSD [Technical Comment]
There is a potential breakout scenario developing on the hourly chart of GBPUSD. We are looking for a move below the 1.6005 support, which should see it continue on to 1.5976 again.(HND)
Forex: GBPUSD [Technical Comment]
GBPUSD looks set to retest key H1 chart resistance at 1.6069. Consider shorting at 1.6065, with a stop loss at 1.6090 and a take profit level at 1.5980. (ARS)
Forex: GBPUSD [Technical Comment]
GBPUSD has reacted to an important resistance at 1.6125. As of today the short term trend remains bearish despite intraday trend is bullish. Short term key support is at 1.5911(TS)
GAFX 
Forex: GBPUSD [Technical Comment]
The recent retracement in oil should see it test price support at 94.70. If it fails to hold here, we view 94.45 then 94.00 as immediate supports of note, with first resistance now at 95.10 (ARF).