GBPUSD moved sideways in a trading range between 1.3027 and 1.3337 for several weeks. As long as 1.3337 key resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.3657,...
The British pound fell rather hard during the day on Wednesday, reaching down towards the 1.31 handle. There is a certain amount of support there though, extending down to the 1.30 level after that. I believe that...
GBPUSD stays in a trading range between 1.3027 and 1.3337. Near term resistance is at 1.3180, a breakout of this level could trigger another rise towards 1.3337 key resistance. As long as 1.3337 resistance holds, the price...
The British pound fell significantly during the trading session on Tuesday, reaching down towards the 1.31 handle. This is an area that begins significant support, extending down to the psychologically important 1.30 handle. There is both horizontal...
GBPUSD continued its sideways movement in a trading range between 1.3027 and 1.3337. Another rise towards 1.3337 resistance would likely be seen in the coming days. As long as this level holds, the sideways movement could be...
GBPUSD failed to break below 1.3027 support and stayed in the trading range between 1.3027 and 1.3337. Another rise towards 1.3337 resistance would likely be seen in the coming days. Above this level could take price to...
GBPUSD continued its sideways movement in a trading range between 1.3027 and 1.3337. The price is now facing 1.3027 support, a breakdown below this level could take price to next support level at 1.2774. Near term resistance...
GBPUSD is facing the support of the rising trend line on the daily chart. A clear break below the trend line support could take price to next support level at 1.2774. Below this level will confirm that...
The British pound rallied a bit during the day on Friday, but I believe that the bearish pressure should continue as the Bank of England raising interest rate was a one-time thing from we can see. Ultimately,...
GBPUSD failed in its attempt to breakout of 1.3337 resistance and dropped sharply to 1.3040 area, facing the major support trend line on the daily chart. A clear break below this trend line will suggest that the...
