

The analysis for GBP/USD is updated daily. Please check the update time at the top before taking any action.
British Pound - US Dollar Exchange Rate 1.5539 (at the time of analysis update)
Outlook: Short-term (immediate/next) Volatile sideways/Up. Near-term (immediate/next): Volatile ideways
GBP/USD Analysis (May 7, 2013): Support near 1.5520 is expected and is critical to expect any upward moves. There is no good trade configuration considering the risk-reward ratio and hence we are not taking any position.
Previous Analysis (May 3, 2013): A short-selling order at 1.5505 with a stop-loss at 1.5545 (-40 pips) and take-profit target first at 1.5465 (+40 pips) and then 1.5420 (+85 pips).
Note: Please also take a look at GBP/USD forecastfor mid-term trading approach/outlook updated on the weekends for GBPUSD.
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Last Updated (Tuesday, 07 May 2013 02:51) GMT
| Standard Pivot Point for GBP/USD | Fibonacci Pivot Point for GBP/USD | Woodie Pivot Point for GBP/USD | Camarilla Pivot Point for GBP/USD | ||||
| R3 | 1.5669 | R3 | 1.5633 | R3 | 1.5569 | ||
| R2 | 1.5633 | R2 | 1.5604 | R2 | 1.5632 | R2 | 1.5562 |
| R1 | 1.5591 | R1 | 1.5585 | R1 | 1.5587 | R1 | 1.5555 |
| Pivot | 1.5555 | Pivot | 1.5555 | Pivot | 1.5554 | Pivot | 1.5555 |
| S1 | 1.5513 | S1 | 1.5526 | S1 | 1.5509 | S1 | 1.5541 |
| S2 | 1.5477 | S2 | 1.5507 | S2 | 1.5476 | S2 | 1.5534 |
| S3 | 1.5435 | S3 | 1.5477 | S3 | 1.5527 | ||
| Open | 1.5574 | Open | 1.5574 | Open | 1.5574 | Open | 1.5574 |
| High | 1.5598 | High | 1.5598 | High | 1.5598 | High | 1.5598 |
| Low | 1.5520 | Low | 1.5520 | Low | 1.5520 | Low | 1.5520 |
| Close | 1.5548 | Close | 1.5548 | Close | 1.5548 | Close | 1.5548 |
| GBP/USD Correlation Values: |
| GBP/USD | ||||||||||
| P e r i o d |
G B P / U S D |
AUD /USD |
EUR /CHF |
EUR /GBP |
EUR /JPY |
EUR /USD |
NZD /USD |
USD /CAD |
USD /CHF |
USD /JPY |
| 1 W e e k |
1 | -0.34 | -0.21 | 0.27 | 0.64 | 0.36 | -0.44 | -0.69 | -0.38 | 0.37 |
| 1 M o n t h |
1 | -0.19 | 0.77 | -0.88 | 0.04 | 0.35 | 0.45 | -0.85 | 0.43 | -0.13 |
| 1 Y e a r |
1 | 0.4 | -0.29 | -0.47 | -0.31 | 0.31 | 0.11 | -0.84 | -0.51 | -0.48 |
| GBP/USD Correlation Graph: | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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