The GBP/USD pair fell initially during the trading session on Wednesday, slicing through the 1.3175 level, but has found a bit of support. Because of this, I think we are going to bounce and go looking towards...
GBPUSD is now in downtrend from 1.3337. Further decline would likely be seen and next target would be at 1.3121, below this level could take price to the major support trend line on the daily chart. Resistance...
In the aftermath of Brexit vote, Bank of England (BOE) had cut the cost of borrowing to a new record low of 0.25% in order to support the economy. At the same time, Poundsterling slumped against other...
GBPUSD broke below the rising trend line on its 4-hour chart, indicating that the short term uptrend from 1.3027 had completed at 1.3337 already. Deeper decline would likely be seen and next target would be at 1.3121....
The British pound has been volatile during the Monday session, dropping down to the 1.3250 level and then bouncing. That being said, I believe that the area that has been massively important in the past should continue...
GBPUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 1.3027. As long as the trend line support holds, the fall from 1.3337 could be treated as consolidation of the...
GBPUSD broke above 1.3291 resistance, confirming that the downtrend from 1.3657 had completed at 1.3027 already. Further rally is still possible and next target would be at 1.3455. Support is located at the rising trend line on...
GBPUSD failed in its attempt to break below the bullish trend line on the daily chart and rebounded from 1.3027, indicating that the pair remains in the uptrend from 1.1987. Further rise towards the bearish trend line...
The British pound started to rise during the course of the day on Friday, reaching towards the 1.3325 handle. We pulled back from there, only to find support at the 1.3275 level underneath. Ultimately, the market continues...
The British pound struggle during the Thursday session, as we had initially rallied, but then broke down significantly. We cleared the 1.32 level to the downside, showing signs of significant weakness. Because of this, the market tested...
