The British pound rallied significantly during the Monday session, breaking above the 1.3333 handle, and then extending to the 1.34 level later in the day. It looks likely that the market is going to continue to...
GBPUSD continues to trend lower in its descending channel on the 1-hour time frame. Price just bounced off support recently and is finding a ceiling at the channel resistance around the 1.3400 handle once more. Stochastic is...
GBPUSD moved sideways in a trading range between 1.3301 and 1.3466. The sideways movement is likely consolidation of the downtrend from 1.3549. As long as 1.3466 resistance holds, the downtrend could be expected to resume, and a...
GBPUSD extended its downside movement from 1.3549 to as low as 1.3301. Further decline would likely be seen and next target would be at 1.3220. Below this level could take price to test 1.3027 (Oct 6 low)...
GBPUSD is facing the bullish support trend line once again. As long as the price is above the trend line, the price action from 1.3657 could be treated as consolidation of the uptrend from 1.1946 (Oct 7,...
GBPUSD is trending lower and moving inside a descending channel on its 1-hour time frame. Price is currently testing the resistance and could be due for a drop to support soon. The 100 SMA is below the...
GBPUSD remains in the downtrend from 1.3549, the bounce from 1.3303 is likely consolidation of the downtrend. Further decline is still possible after the consolidation and a breakdown below 1.3303 support could aim 1.3220 support. Below this...
GBPUSD broke below the bullish trend line on the 4-hour chart and is now in downtrend from 1.3549, the bounce from 1.3303 would possibly be consolidation of the downtrend. Another fall could be expected after the consolidation...
The British pound has been very noisy over the last several months, as we have negotiated a break away from the European Union. The 1.3333 handle has been very important, and as I await the Federal...
The British pound was choppy and volatile during the trading session on Tuesday, and tested the 1.3333 handle more than once. I think that we will continue to consolidate, but if we do break down from...
