The GBP/USD pair shot straight up during the day on Wednesday, slamming into the 1.3250 level. This is a market that continues to have a lot of interest in it, mainly due to better than anticipated CPI...
GBPUSD broke above a major resistance level at 1.3228, indicating that the pair is in short term uptrend from 1.3087. Further rise could be expected and next target would be at 1.3337. A breakout of this level...
The British pound initially tried to rally during the day on Tuesday, but found the 1.3225 region to be too resistive again, as we have seen the market pull back from that level a couple of times...
GBPUSD failed its attempts to breakout of 1.3228 resistance and pulled back to 1.3110 area, suggesting that the pair remains in the short term downtrend from 1.3337 and deeper decline towards the major support trend line on...
The British pound rallied initially on Monday, but found enough resistance near the 1.3225 level to turn around and fall back towards the 1.3160 handle. Since then, we have stabilized a bit, and this essentially looks as...
GBPUSD is facing 1.3228 resistance, above this level will indicate that the downside movement from 1.3337 had completed at 1.3087 already. Then further rally could be seen and next target would be at 1.3337 resistance. However, as...
GBPUSD extended its downside movement from 1.3337 to as low as 1.3087, breaking below a support level at 1.3121. Further decline towards the major support trend line on the daily chart is possible in the coming days....
GBPUSD trades above a bullish trend line on the daily chart, suggesting that the pair remains in the uptrend from 1.1946 (Oct 2016 low). As long as the price is above the trend line, the upside movement...
The British pound rallied during the day after initially falling on Friday, as we had first tested the 1.31 handle for support, founded, and then rallied towards the 1.32 handle above. I believe that the 1.3250 level...
GBPUSD failed to breakout of the support-turned-resistance trend line on the 4-hour chart and extended its downside movement from 1.3337 to as low as 1.3131. Further decline could be expected after a minor consolidation and a breakdown...
