GBPUSD broke below 1.3319 support, suggesting that the uptrend from 1.3039 had completed at 1.3549 already. Further decline would likely be seen in the coming days and next target would be at 1.3220. A breakdown below this...
The British pound has fallen a bit during the trading session on Monday, reaching to lower levels. However, the 1.3333 level underneath continues to be important, an area that has been previously resistive, but also supportive...
The GBPUSD pair failed to break above 1.3549 resistance and moved sideways in a trading range between 1.3319 and 1.3549. Near term support is at the bullish trend line on the 4-hour chart. As long as the...
GBPUSD stays above a bullish trend line on its daily chart, suggesting that the pair remains in the uptrend from 1.1946 (Oct 2016 low), and the price action from 1.3657 could be treated as consolidation of the...
The British pound initially tried to rally during the trading session on Friday, but found the 1.35 level to be far too resistive to continue. The jobs number coming out with an addition of 220,000 was...
During the trading session on Thursday, we initially fell to the 1.3333 level, but then bounced rather significantly from this massive area of importance, especially due to not only structural support, but the agreement on the...
The GBPUSD pair failed in it attempt to break below the bullish support trend line on the 4-hour chart and rebounded strongly from 1.3319, suggesting that the pair remains in the uptrend from 1.3039. As long as...
GBPUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.3039. as long as the price is above the trend line, the pullback from 1.3549 could be treated as consolidation...
Sterling fell versus the dollar earlier this week as Brexit talk between the UK and EU falter at the last minute. British Prime Minister Theresa May is on the race to break the deadlock on the issue of...
The British pound continues to be very volatile, dropping after Teresa May said that there was no agreement between the UK and the EU yet. However, she remained upbeat, and eventually they will make some type...
