The British pound went sideways initially on Monday, but then dipped slightly to find support, only to bounce again. The Americans were celebrating Labor Day, so most of the action would’ve been during European trading hours. Ultimately,...
GBPUSD remains in the uptrend from 1.2774, the price action from 1.2978 is likely consolidation of the uptrend. Near term support is at 1.2852, as long as this level holds, the uptrend could be expected to resume...
After correction, GBPUSD broke above 1.2978 resistance, indicating that the uptrend from 1.2774 has resumed. Further rise could be expected in a couple of days and next target would be at 1.3100 area. Support levels are at...
GBPUSD stays in a rising price channel on the daily chart and remains in the uptrend from 1.1987. As long as the price is in the channel, the fall from 1.3267 could be treated as consolidation of...
The British pound initially fell during the day on Friday but found enough support at the 1.29 level to turn around and go higher. After the jobs number, we went reaching towards the 1.30 level above, which...
The GBP/USD pair fell significantly during the day, but found plenty of support at the 1.2850 level on Thursday. With the jobs number coming out today, it’s very likely that we will get some type of a...
GBPUSD’s fall from 1.2978 extended to as low as 1.2852, the subsequent bounce is likely resumption of the uptrend from 1.2774. Further rise to test 1.3030 resistance is possible in the coming days. Support levels are at...
The British pound has gone sideways overall during the session on Wednesday, in a consolidated and messy manner. I believe that ultimately the British pound will continue to fall, and that the recent rally has been more...
GBPUSD remains in the uptrend from 1.2774, the pullback from 1.2978 is likely correction of the uptrend. Another rise could be expected after the correction and a break of 1.2978 resistance could signal resumption of the uptrend....
The British pound gapped higher against the US dollar at the open on Monday. We then fell almost immediately to fill that gap, and have since bounced from that level to reach the highs again. I believe...
