GBPUSD Outlook: 19 - 23 Sep 2016

High Impact (in red) expected on the following days (GMT +8)

Mon - Japan Holiday

Tue - 8.30pm
Wed - 10.30pm
Thu - 2am, 2.30am, 8.30pm
Fri - NIL

Fib Levels

100 - 1.34436 61.8 - 1.32222
50.0 - 1.31536 38.2 - 1.30861

23.6 - 1.30007
0.0 - 1.28646

Weekly
H - 1.33454
L - 1.29957

O - 1.32646

C - 1.29967

Friday
H - 1.32469

L - 1.29957

O - 1.32367

C - 1.29967

Resistance: 1.30565, 1.31209, 1.31536, 1.32394, 1.33012

Support: 1.30007, 1.29545, 1.28777, 1.28646

If it breaks below Friday's low/close; a fall to 1.29545 is likely. If this support breaks, expect 1.28777, 1.28646.

If not, above 1.3 will see 1.30565 and if it breaks, 1.31209. Price to watch will be at the 1.31536 level.

GBPUSD Outlook: 05 - 09 Sep 2016

High Impact (in red) expected on the following days (GMT +8)

Mon - 4.30pm, US Bank Holiday

Tue - 10pm
Wed - 4.30pm, 9.15pm
Thu - 8.30pm, 11pm
Fri - 4.30pm, 7.45pm

Fib Levels100 - 1.35321
61.8 - 1.32540
50.0 - 1.31686
38.2 - 1.3083123.6 - 1.29762
0.0 - 1.28095

Weekly
H - 1.33518
L - 1.30587
O - 1.31087
C - 1.32915

Friday
H - 1.33518
L - 1.32517
O - 1.32663
C - 1.32915

Resistance: 1.33049, 1.33351,1.33522, 1.33711

Support: 1.3290, 1.32560, 1.32351, 1.31541, 1.31254, 1.30852, 1.30601

A double top may be formed at 1.33711 if it doesn't break above this level. If it does, expect 1.342.

A retest to 1.30831 may still be possible.

GBPUSD Outlook: 29 Aug - 02 Sep 2016

High Impact (in red) expected on the following days (GMT +8)

Mon - UK is closed for a Bank Holiday, 8.30pm (US)

Tue - 10pm (USD)
Wed - 8.15pm, 10pm, 10.30pm
Thu - 4.30pm, 8.30pm, 10pm
Fri - 4.30pm, 8.30pm, 10pm

Fib Levels100 - 1.35321
61.8 - 1.32540
50.0 - 1.31686
38.2 - 1.30831 23.6 - 1.29762
0.0 - 1.28095

Weekly
H - 1.32721
L - 1.30333
O - 1.30732
C - 1.31273

Friday
H - 1.32701
L - 1.31222
O - 1.31908
C - 1.31273

Resistance: 1.3250, 1.3286, 1.3348, 1.342

Support: 1.307, 1.30831, 1.317, 1.319 

Not much movement expected on Monday. Buy the dips and sell the tops.

Expect a return to the 1.3083 levels. If support does not hold at this level, expect a run down to 1.3037 levels. Will be a good  level to buy if price hovers at this (level). If not, 1.3011, 1.298

If 1.3170 holds above, expect this pair to revisit 1.3256 . 1.3286, 1.3348, 1.342

GBPUSD Outlook: 22 Aug - 26 Aug 2016

High Impact (in red) expected on the following days (GMT +8)

Tue - 10pm
Wed - 10.30pm
Thu - 8.30pm
Fri - 4.30pm, 8.30pm

Fib Levels 100 - 1.35321
61.8 - 1.32540
50.0 - 1.31686
38.2 - 1.30831
23.6 - 1.29762
0.0 - 1.28095

Weekly
H - 1.31845
L - 1.28650
O - 1.29170
C - 1.30793

Friday
H - 1.31845
L - 1.30222
O - 1.31636
C - 1.30793

Resistance: 1.30513, 1.30831, 1.31131, 1.31686, 1.32006, 1.3254

Support: 1.30018, 1.29762, 1.29399, 1.29003, 1.28688

Fundamentally, the dollar is weak which is a bit of a tussle for this pair as technically, the pound is weak. Will be watching the Fibs level very closely. Expect the week range to be at 1.297 - 1.31686. 

Trade ideas: If breaks below 1.3, watch for the 1.297 levels. If able to break further, buy at 1.294 levels.

Selling opportunities could be at the 1.3254 levels if we get there. If not watch for 1.32 and 1.3168.

GBPUSD Outlook: 15 Aug - 19 Aug 2016

GBPUSD Outlook: 15 Aug - 19 Aug 2016

High Impact (in red) expected on the following days (GMT +8)

Tue - 4.30pm, 8.30pm
Wed - 4.30pm, 10.30pm
Thu - 1am, 2am, 4.30pm, 8.30pm
Fri - 4.30pm

Fib Levels
100 - 1.35321
61.8 - 1.32550
50.0 - 1.31695
38.2 - 1.30854
23.6 - 1.29788
0.0 - 1.28092

Weekly
H - 1.30955
L - 1.29074
O - 1.30713
C - 1.29092

Friday
H - 1.30336
L - 1.29074
O - 1.29536
C - 1.29092

We may see this pair diving down to the 1.28 levels early in the week. Any retracements will be limited to the high of the 1.302 levels. Sentiments are still bearish for this pair with many supports at the 1.29 levels.

Resistance - 1.30106, 1.30217, 1.30411, 1.30854, 1.31237

Support - 1.28611, 1.28793, 1.29092, 1.29152, 1.29629, 1.29796, 1.29974

GBPUSD Outlook: 8 Aug - 12 Aug 2016

Recap for the week 01 Aug - 05 Aug 2016
Negative fundies for the pound on Thursday and riding on the back of the strength of the dollar (Friday) saw a low for the pound.

Bearish start at the beginning of the week but it rose to nearly 200 pips to 1.33711 before the fall of about 350 pips over the Wed-Fri period.


GBPUSD Outlook: 08 Aug 2016 - 12 Aug 2016

High Impact (in red) expected on the following days (GMT +8)

Tue - 4.30pm, 8.30pm
Wed - 10pm, 10.30pm
Thu - 8.30pm
Fri - 8.30pm, 10pm

Fib Levels
100 - 1.35307
61.8 - 1.32467
50.0 - 1.31607
38.2 - 1.30746
23.6 - 1.29670
0.0 - 1.27949

Weekly
H - 1.33711
L - 1.30206
O - 1.32211
C - 1.30663

Friday
H - 1.31744
L - 1.30206
O - 1.31043
C - 1.30663

If market opens lower than or around the close of 1.30663, wait for the break down to 1.295 to buy. There is a possibility for a retrace to the 50 levels ay 1.31607. If it breaks, there will be a resistance at 1.32243. This will be a good short level.

Resistance - 1.30746, 1.31607, 1.32243, 1.32759, 1.34820

Support - 1.30139, 1.29537, 1.28936

GBPUSD Outlook: 01 Aug 2016 - 05 Aug 2016

Recap for the week 25-29th Jul

The beginning of the week saw limited scalps of 80-90 pips. The trend was bearish but was unable to hit a lower low. Huge support at 1.30488. Mid week was more of the weakness of the dollar than the strength of the pound. This pair managed to hit a higher high though but still with a huge resistance at 1.33.

GBPUSD Outlook: 01 Aug 2016 - 05 Aug 2016

High Impact (in red) expected on the following days (GMT +8)

Mon - (Aussie market is closed) 9.15am, 4.30pm, 10pm

Tue - 4.30pm, 8.30pm
Wed - 4.30pm, 8.15pm, 10pm
Thu - 7pm, 7.30am, 8.30pm, 10pm
Fri - 3.30pm, 8.30pm

Fib levels
100 - 1.35317
61.8 - 1.32504
50 - 1.31633
38.2 - 1.30761
23.6 - 1.29686
0.0 - 1.27933

Weekly
H - 1.33004
L - 1.30565
O - 1.31425
C - 1.32223

Friday
H - 1.33004
L - 1.31473
O - 1.31616
C - 1.32223

Expect a bouncy scalped week between 1.32504 and 1.31633. If breaks, 1.31173.

Upside, resistance is at 1.33 if breaks; 1.33137, 1.33460, 1.3410.

Downside, any breaks below 1.31172 will see us back to the price level  of 1.30762.

GBPUSD Outlook : 25 - 29 Jul 2016

High Impact (in red) expected on the following days (GMT +8)
Tue - 10pm
Wed - 4.30pm, 8.30pm, 10pm, 10.30pm
Thu - 2.30am, 8.30pm
Fri - 4.30pm, 8.30pm, 9.45pm, 10pm

Fib levels
100 - 1.27943
61.8 - 1.30561
50 - 1.31375
38.2 - 1.32173
23.6 - 1.33179
0.0 - 1.34791

Weekly
H - 1.33144
L - 1.30643
O - 1.31947
C - 1.31087

Friday
H - 1.32316
L - 1.30782
O - 1.32316
C - 1.31087

Pair has a bearish outlook for the start of the week. Expect a dip to1.30725 and support at 1.30561 for price action. If support is broken, 1.30124, 1.29830, 1.29562, 1.29293, 1.29158, 1.28804.

Resistance levels - 1.31375, 1.31712, 1.32176, 1.32548, 1.32958, 1.33179.

ThePipsMaker Trading Checklist

Step 1
Go to Forex Factory to check the important data release time.

Step 2
Record the previous day (HLC) & today's Open for all the 4 major currencies.


Step 3 - On the Weekly & Daily Chart

• Identify all S&Rs.
• Draw trendlines.
• Identify candlestick signal.
• Determine whether overall is a BUY or SELL week.

BUY WEEK

• take few lots profits and adjust the price of balance lots to ENTRY price when doing Intra-day
• hold a longer period and use Fibb to maximize profit (intra-day or scalping)

SELL WEEK

• try to take profits when hit MINIMUM target (both intra-day and scalping).
• try not to hold for long period (both intra-day and scalping).

If it's a sell week, same situation with buy week in opposite way.

Step 4 - On the Hourly Chart

• Identify all S&R.
• Draw trendlines.
• Identify candlestick signal
• Determine whether its an intra-day or scalping opportunity (refer to Step 3).

Do not get AFFECTED by the Previous Trade(good or bad).

MUST accept uncertainty in the market.

DO NOT be afraid of being Stopped Out (EXTREMELY IMPORTANT)!

Every trade is a NEW trade.