GBPUSD is facing 1.3291 resistance. A break of this level could bring price to next resistance level at 1.3455. However, the bounce from 1.3027 is likely correction of the downtrend from 1.3657, as long as 1.3455 resistance...
GBPUSD is now in short term uptrend from 1.3027. Further rise to test 1.3291 resistance would likely be seen. A breakout of this level would aim next resistance level at 1.3455. However, the short term uptrend would...
GBPUSD broke above the falling trend line on its 4-hour chart, suggesting that the downtrend from 1.3657 had completed at 1.3027 already. Further rally could be expected in the coming days and next target would be at...
The British pound initially rallied against the US dollar on Monday, but found a lot of trouble near the 1.32 level. We pulled back, and it looks as if were going to try to test the 1.31...
GBPUSD stays in a bearish trend line on the 4-hour chart and remains in the downtrend from 1.3657. As long as the price is below the trend line, the bounce from 1.3027 could be treated as consolidation...
GBPUSD’s bearish movement from 1.3657 extended to as low as 1.3027. Further decline is still possible after a minor consolidation and next target would be at the bullish trend line on the daily chart now at 1.2955....
GBPUSD’s pullback from 1.3657 extended to as low as 1.3027, facing the bullish trend line from 1.2109 to 1.2774 now at around 1.2950. As long as the price is above the trend line, the fall could be...
The British pound fell on Friday, as the overall bearish pressure on Sterling continues. Ultimately, this is more or less a build of confidence, as the Teresa May government continues to struggle. These are very important times...
The British pound initially went sideways on Thursday but then broke down rather significantly. We reached down towards the 1.31 handle, and breaking below the 1.32 level for me was a very negative sign. I think that...
GBPUSD continued its downside movement from 1.3657 and dropped sharply to as low as 1.3087, breaking below the 1.3153 support. Resistance is at the bearish trend line on the 4-hour chart, followed by 1.3291. As long as...
