Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPUSD, published in members area of the website. GBPUSD is another Forex pair that we have been...
$FXB British Pound ETF Elliott Wave & Longer Term Cycles Firstly the British Pound Sterling tracking ETF fund FXB inception date was 6/21/2006. The bearish cycle lower from the November 2007 highs in FXB is the focus of this...
GBPUSD remains in the downtrend from 1.3482, the bounce from 1.2674 is likely consolidation for the downtrend, and further decline to 1.2400 area is possible. Near term resistance is at 1.3100, only break above this level could...
On September 16 2020 I posted on social media Stocktwits/Twitter @AidanFX “GBPUSD Watch for selling opportunities as long price stays below 1.3060.” The chart below of the GBPUSD pair was also posted on social media StockTwits/Twitter @AidanFX September...
GBPUSD broke below the bottom of the rising price channel on the daily chart, suggesting that the upside movement from 1.1409 had completed at 1.3482 already. Deeper decline would likely be seen in the coming days and...
Elliott Wave View of Pound Sterling (GBPUSD) suggests the cycle from September 1 high remains incomplete. The decline from there is unfolding as zigzag Elliott Wave Structure. Down from September 1, wave (A) ended at 1.2761 and...
GBPUSD is facing the support of the rising price channel on the daily chart. As long as the channel support holds, the upside movement from 1.1409 could be expected to resume, and further rise to 1.3800 area...
GBPUSD stays in a rising price channel on the daily chart and remains in the uptrend from 1.1409. As long as the channel support holds, the pullback from 1.3482 could be treated as corrective consolidation for the...
GBPUSD extended its upside movement from 1.1409 to as high as 1.3266. Further rise is still possible after a minor consolidation and next target would be at 1.3500 area. Near term support is at 1.2980, a breakdown...
GBPUSD broke above 1.3185 resistance and extended its upside movement from 1.2251 (Jun 29 low) to as high as 1.3266. Further rise would likely be seen in the coming days and next target would be at 1.3400...
