The British pound initially fell during the Monday session, but found the 1.2850 level to be supportive enough to cause a major bounce to reach towards the 1.29 handle. I think if we can break above here,...
GBPUSD broke above the top trend line of the price channel on its 4-hour chart and is now facing 1.2915 resistance. A break of this level will indicate that the downside movement from 1.3267 had completed at...
GBPUSD extended its downside movement to as low as 1.2831, facing the support at 1.2811. Near term resistance is at the top trend line of the price channel on its 4-hour chart, followed by 1.2915. As long...
GBPUSD broke below the bullish support trend line on its daily chart. Further decline to test 1.2589 key support is possible over the next several days. As long as this level holds, the fall from 1.3267 could...
The British pound initially rally against the US dollar on Friday, but then pulled back into continue to try to build a bit of a base in this general vicinity. I think that we will probably see...
The GBP/USD pair initially tried to rally during the trading session on Thursday, but then found enough resistance to retest the 1.2850 level for support again. We have bounce from there, but found sellers above yet again....
GBPUSD remains in the downtrend from 1.3267, the bounce from 1.2841 is likely consolidation of the downtrend. Near term resistance is at top trend line of the price channel on its 4-hour chart. As long as the...
The British pound went sideways during most of the session on Wednesday, hugging the 1.2850 level. The market is waiting to see with the Federal Reserve is thinking, and the Meeting Minutes could have a lot to...
GBPUSD stays below a falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend from 1.3267 could be expected to continue and next target would be at 1.2750...
GBPUSD pulled back from the August 3 high of 1.3267 and dropped sharply to 1.2845 area after failing in its attempt to break above 1.3444 resistance. On the upside The GBPUSD pair is now facing the support...
