GBPUSD is now facing 1.3466 resistance. A breakout of this level could take price towards 1.3549. Above here would aim 1.3657 (Sep 20 high). Near term support is at 1.3385, a breakdown below this level could bring...
GBPUSD continued its sideways movement in a range between 1.3301 and 1.3466. As long as the price is below 1.3466 resistance, the price action in the range could be treated as consolidation of the downtrend from 1.3549,...
GBPUSD has formed lower highs and higher lows recently, creating a symmetrical triangle pattern on its 1-hour time frame. Price is approaching the peak of the formation so a breakout could take place soon. The chart pattern...
The British pound should continue to find buyers underneath, and although the market has been very quiet, most of this can be written off due to the time of year, and of course I believe that...
GBPUSD stays above a bullish support trend line on the daily chart, suggesting that the pair remains in the uptrend from 1.1946 (Oct 7, 2016 low). As long as the trend line support holds, the price action...
GBPUSD moved sideways in a range between 1.3301 and 1.3466 for several days. Key resistance is at 1.3466. As long as this level holds, the price action in the range could be treated as consolidation of the...
The British pound rallied a bit during the trading session on Wednesday, reaching towards the 1.34 handle. That’s an area that has a bit of resistance attached to it, but in general I think that the...
GBPUSD stays in a trading range between 1.3301 and 1.3466. The price action in the range is likely consolidation of the downtrend from 1.3549 and another fall could be expected after the consolidation. Near term support is...
The British pound has been very volatile during the trading session on Tuesday, breaking down slightly, but then rallied significantly. However, that was short term thinking, as we rolled over towards the 1.3333 handle underneath. That’s...
GBPUSD continued its sideways movement in a trading range between 1.3301 and 1.3466. As long as 1.3466 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.3549, and further decline is till...
