The British pound went sideways during the trading session on Tuesday, as the 1.3050 level underneath should offer support. I believe that the market will eventually rally, as we have been consolidating for some time. Because of...
GBPUSD failed to break below 1.3027 support once again and stays in the trading range between 1.3027 and 1.3337. Sideways movement in the range could be expected to continue in a couple of days. Near term resistance...
The British pound gapped lower at the open on Monday, and then fell towards the 1.3050 level. This is the bottom of consolidation, and therefore the bounce that we have seen so far is not a huge...
The Euro gapped lower at the open on Monday, but then found support as we drove down to the 1.165 handle. That is an area that has been important a couple of times in the recent past,...
GBPUSD is facing 1.3027 support once again. A breakdown below this level could indicate that the downtrend from 1.3657 has resumed, then further decline towards 1.2774 support could be seen. Near term resistance is at 1.3229, a...
GBPUSD continued its sideways movement in a trading range between 1.3027 and 1.3337. Near term support is at 1.3027, a breakdown below this level could signal resumption of the downtrend from 1.3657, then the following downside movement...
GBPUSD moved sideways in a narrow range between 1.3027 and 1.3337. The price action in the range is likely consolidation of the downtrend from 1.3657 and further decline is still possible after the consolidation. There is a...
The British pound initially was sideways during the day on Friday, but started to rally rather significantly as Europeans went home. Ultimately, I believe that the 1.3250 level should offer a bit of resistance, as it has...
The latest UK political jitters, to some extent, were negated by the US tax bill uncertainty, with the GBP/USD pair once again finding some buying interest near the 1.3085 area. The US Dollar reacted negatively to the...
The British pound was choppy on Thursday, as we continue to consolidate in general. We are in a larger consolidation area, which extends down to roughly 1.3050, but is also supported by the 1.30 level underneath, as...
