The British pound rose slightly during the day on Wednesday, testing the 1.33 level for resistance. If we can break above there, the market should continue to go much higher, perhaps reaching towards the 1.35 level above....
GBPUSD stays below 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 downtrend could be expected to continue and next...
The British pound went sideways overall during the day on Tuesday, showing signs of support near the 1.32 level. I believe that ultimately, we will probably bounce, but we will more than likely have a lot of...
GBPUSD’s downside movement from 1.3657 extended to as low as 1.3222. As long as the pair is below the bearish trend line on the 4-hour chart, the downside move could be expected to continue and next target...
GBPUSD failed in its attempt to breakout of the long term resistance trend line from 1.7190 to 1.5016 on the weekly chart and pulled back from 1.3657, suggesting that a short term top had been formed. On...
The British pound fell against the US dollar during the Monday session, reaching towards the 1.3250 level. This is an area where I would expect to see support though, and on the hourly chart we are starting...
Cable has been selling off recently but could be due for a bounce as it tests the support zones visible on its long-term chart. Price is moving inside an ascending channel on its 1-hour time frame and...
GBPUSD extended its downside movement from 1.3652 to as low as 1.3256. Near term resistance is at the bearish trend line on the 4-hour chart. As long as the price is below the trend line, the downside...
GBPUSD stays in a falling price channel on its 4-hour chart, suggesting that the pair remains in the downtrend from 1.3652. As long as the price is in the channel, the downside movement could be expected to...
GBPUSD failed its attempt to breakout of the bearish trend line on its weekly chart and pulled back from 1.3657. However, the pair is above a bullish trend line on its daily chart, indicating that the price...
