GBPUSD stays above a bullish support trend line on the 4-hour chart and remains in the uptrend from 1.2774, the fall from 1.3618 is likely consolidation of the uptrend. Deeper decline is still possible and next target...
GBPUSD extended its bullish movement from 1.2774 to as high as 1.3616. Near term support is at 1.3490, followed by 1.3400. As long as these levels hold, the upside movement could be expected to continue and next...
GBPUSD broke above 1.3267 resistance, and extended its bullish movement from 1.1987 to as high as 1.3616, facing the resistance at the bearish trend line on the weekly chart. Near term support is at 1.3145, followed by...
The British pound skyrocketed against the US dollar again on Friday, as fallout from the British central bank suggesting that interest rate hikes are coming sooner rather than later continues. However, we are testing a major resistance...
The British pound initially went sideways on Thursday, showing signs of hesitation before the Bank of England meeting. Although there was no interest rate high, the Bank of England suggested that perhaps interest rate hikes could be...
GBPUSD extended its upside movement from 1.2774 to as high as 1.3405, facing the resistance level at 1.3444. Near term support is at the bullish trend line on the 4-hour chart. As long as the price is...
The British pound initially went sideways during the session on Wednesday, but then collapsed below the 1.3250 level. This is an interesting move, because breaking above that level was important. The question now is whether we can...
GBPUSD pulled back from 1.3328, breaking below the bullish support trend line on its 4-hour chart, indicating that consolidation for the uptrend from 1.2774 is underway. Range trading between 1.3159 and 1.3328 would likely be seen in...
GBPUSD broke above 1.3267 previous high resistance and extended its bullish movement from 1.2909 to as high as 1.3310. Near term support is at the rising trend line on the 4-hour chart. As long as the price...
GBPUSD broke below the bullish trend line on the 4-hour chart, indicating that consolidation for the uptrend from 1.2774 is underway. Range trading between 1.3070 and 1.3224 would likely be seen in a couple of days. Support...
