GBPUSD Weekly Analysis – September 24, 2017
GBPUSD is now facing a long term bearish trend line on its weekly chart. An upside break through the trend line could take price to next resistance level at 1.3950 which would be the final target of...
Tag: GBPUSD
GBP/USD Forecast September 25, 2017, Technical Analysis
The British pound went sideways initially during the session on Friday, but pulled back towards the 1.35 handle. That’s an area that offered a certain amount of support, as it has during most of the week. I...
GBPUSD Facing Major Resistance Trend Line On Weekly Chart
GBPUSD extended its upside movement from 1.1946 to as high as 1.3652, facing a major resistance trend line from 1.7190 to 1.5016 on its weekly chart. As long as the price is below the trend line, the...
GBP/USD Forecast September 22, 2017, Technical Analysis
The GBP/USD pair continues to be very volatile, as we have gone sideways in a tight range during the day on Thursday, testing the 1.35 level. I believe that the market should continue to be choppy, and...
GBPUSD Daily Analysis – September 22, 2017
GBPUSD moved sideways in a trading range between 1.3451 and 1.3652. The sideways movement is likely consolidation of the uptrend from 1.2774. As long as 1.3451 support holds, the uptrend could be expected to continue and next...
GBP/USD Forecast September 21, 2017, Technical Analysis
The British pound drift in a bit higher during the session on Wednesday, as the 1.3650 level has held as support. This is an area that is stabilized as resistance from a previous gap, that formed after...
GBPUSD Daily Analysis – September 21, 2017
GBPUSD dropped sharply to as low as 1.3451 after hitting a new high at 1.3652, indicating that lengthier consolidation for the uptrend from 1.2774 is needed. Deeper decline towards the bullish trend line on the 4-hour chart...
GBP/USD Forecast September 20, 2017, Technical Analysis
The British pound has been chopping around over the last 24 hours, as we have recently pressed against the 1.3650 level. That’s the area where we gapped lower after the Brexit vote, and of course offers a...
GBPUSD Daily Analysis – September 20, 2017
GBPUSD is in consolidation of the uptrend from 1.2774. Range trading between 1.3370 and 1.3618 would likely be seen over the next several days. As long as 1.3370 support holds, the uptrend could be expected to resume...
GBP/USD Forecast September 19, 2017, Technical Analysis
The GBP/USD pair fell after initially trying to rally on Monday. It looks as if we are bit overextended, and we have filled the gap on longer-term charts. I think a pullback is necessary, and quite frankly...