The British pound fell during Friday trading, reaching towards the 1.3350 level before bouncing. However, it looks as if it is going to sell off further into the US session, perhaps reaching towards the 1.33 level. I...
The GBP/USD pair initially fell during the day on Thursday, reaching down towards the 1.3350 level. However, we turned around to bounce significantly, only to see resistance at the 1.3450 level. I think this market continues to...
GBPUSD extended its downside movement from 1.3652 to as low as 1.3342. Near term resistance is at the top trend line on the price channel on the 4-hour chart. As long as the channel resistance holds, the...
The British pound fell significantly during the session on Wednesday, as we continue to bounce around at low levels, especially near the 1.34 level. At this point, the market looks likely to continue to drop from here,...
GBPUSD broke below the bullish trend line on the 4-hour chart, indicating that the upside movement from 1.2774 had completed at 1.3652 already. Further decline could be expected after a minor consolidation and next target would be...
The British pound had a soft session on Tuesday, breaking below the 1.3450 level. The market looks as if it is ready to continue drifting a little bit lower, but I’m not expecting any type of meltdown....
GBPUSD is facing the support of the bullish trend line on the 4-hour chart. A clear break below the trend line support will indicate the upside movement from 1.2774 had completed at 1.3652 already, then the following...
The GBP/USD pair initially tried to rally during the Monday session, but ran into a bit of resistance near the 1.3575 level. Ultimately, I believe that the market is trying to build up enough momentum to finally...
GBPUSD is still trending higher on its longer-term charts and is testing the top of its ascending channel visible on the daily time frame. This could mean an opportunity for a countertrend play back to the support...
GBPUSD broke below 1.3451 support last Friday. Deeper decline towards the bullish trend line on the 4-hour chart would likely be seen. As long as the price is above the trend line, the fall from 1.3652 could...
