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GBP/USD : Daily Analysis from Forex Instructor

alisha_nabila

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Assalamualaikum everyone,

For you information, we are from FXCL Markets Ltd. and we would like to share our analysis for GBP/USD with our partner FX Instructor http://fxinstructor.com/en/ to you.

Hopefully with this daily analysis, it can help you in making the right decisions and also increase your profits in Forex trading.

Final words from us, good luck!

FXCL (Excellence In Trading)

https://ms.fxclearing.com/
https://www.facebook.com/FXCL.Malay/
 
Last edited:
Friday, April 01, 2016

The GBPUSD was indecisive yesterday.

Price attempted to push higher, slipped above 1.4400 but again, failed to stay consistently above 1.4400. The bias remains bearish in nearest term testing 1.4280 - 1.4200 region.

Our major technical outlook remains neutral but as long as stay below 1.4500 we prefer a bearish scenario at this phase.

:)cgrock
 
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GBPUSD Forecast. 4/4/2016

The GBPUSD attempted to push higher last week topped at 1.4459 but whipsawed to the downside and closed lower at 1.4223. The bias is bearish in nearest term especially if price able to make a clear break below 1.4200 testing 1.4120.

Immediate resistance is seen around 1.4280. A clear break above that area could lead price to neutral zone in nearest term testing 1.4325 or higher. Major technical outlook remains neutral.
 
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GBPUSD Forecast. 6/4/2016

The GBPUSD had a bearish momentum yesterday bottomed at 1.4121. The bias is bearish in nearest term testing 1.4050 area.

Immediate resistance is seen around 1.4200/25. A clear break above that area could lead price to neutral zone in nearest term testing 1.4280 region.

The major technical outlook remains neutral.

:)cgrock
 
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GBPUSD Forecast. 7/4/2016

GU742016_zpsaaf0044e.png

The GBPUSD attempted to push lower yesterday slipped below 1.4050 but closed higher at 1.4121.

The bias is neutral in nearest term but looks like we have a potential false break bullish scenario especially if price able to make a clear break and daily close above 1.4175 testing 1.4280 region. On the downside, key support is seen around 1.4000.

A clear break below that area could trigger further bearish scenario and activate my bearish mode.
 
GBPUSD Forecast. 8/4/2016

GU842016_zps6e0d87b7.png

The GBPUSD had a bearish momentum yesterday bottomed at 1.4048.

The bias is bearish in nearest term testing 1.4000 key support. A clear break and daily/weekly close below that area could trigger further bearish pressure testing 1.3900 – 1.3800 area next week. Immediate resistance is seen around 1.4100.

A clear break above that area could lead price to neutral zone in nearest term testing 1.4175 area.
 
GBPUSD Forecast. 11/4/2016

GU1142016_zpsc3cfb6bb.png


The GBPUSD was indecisive last week. Price attempted to push lower bottomed at 1.4005 but closed higher at 1.4125. The bias is bullish in nearest term testing 1.4175.

A clear break and daily close above that area could trigger further bullish pressure testing 1.4280 region. Immediate support is seen around 1.4080.

A clear break below that area could lead price to neutral zone in nearest term testing 1.4000 key support. My major technical outlook remains neutral.
 
GBPUSD Forecast. 12/4/2016

GU1242016_zpseb19cfb8.png

As expected, the GBPUSD had a bullish momentum yesterday topped at 1.4286. The bias remains bullish in nearest term testing 1.4320 – 1.4400 region.

Immediate support is seen around 1.4175. A clear break below that area could lead price to neutral zone in nearest term testing 1.4125 – 1.4105 support area.

My major technical outlook remains neutral.
 
GBPUSD Forecast. 13/4/2016

GU1342016_zpsfacb825e.png


The GBPUSD was indecisive yesterday. Price attempted to push higher topped at 1.4347 but closed lower at 1.4273 and hit 1.4256 earlier today. The bias is neutral in nearest term but I still prefer a bullish intraday scenario at this phase targeting 1.4400 area which remains a good place to sell.

Immediate support is seen around 1.4175. A clear break and daily close below that area could trigger further bearish pressure testing 1.4100 – 1.4000 region. My major technical outlook remains neutral.
 

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