GBPUSD’s fall from 1.3267 extended to as low as 1.2952. Deeper decline to test 1.2932 support is possible, a breakdown below this level could take price into 1.2850 zone. Near term resistance is at 1.3060, only move...
The GBP/USD pair fell during most of the session on Tuesday, drifting towards the 1.30 level. That support barrier got broken, and because of this it’s likely that we will continue to go much lower. I think...
GBPUSD broke below the bottom support trend line of the price channel on its 4-hour chart, indicating that the uptrend from 1.2589 had completed at 1.3267 already. Further decline could be expected and next target would be...
The British pound went sideways during most of the session on Monday, but did dip a little bit as the Americans came on board. It looks as if we are going to test the 1.30 level underneath,...
GBPUSD is facing the bottom support trend line of the price channel on its 4-hour chart. A clear break below the channel support will indicate that the uptrend from 1.2589 had completed at 1.3267 already, then the...
GBPUSD dropped sharply to 1.3020 area after breaking below the bullish trend line on its 4-hour chart, indicating that correction for the uptrend from 1.2589 is underway. Deeper decline to test next support level at 1.2980 is...
GBPUSD stays above the ascending trend line on its daily chart remains in the uptrend from 1.1987. As long as the price is above the trend line the pullback from 1.3267 could be treated as consolidation of...
The British pound went sideways initially during the day on Friday, but then collapsed after the jobs number came out much longer than anticipated in America. The British pound has been beaten up rather significantly over the...
The GBP/USD pair fell significantly during the day on Thursday, as the Bank of England suggested that interest rates are going to behind anytime soon. Because of this, it looks as if the market is going to...
GBPUSD broke below the ascending trend line on its 4-hour chart, indicating that the short term uptrend from 1.2932 had completed at 1.3267 already. Deeper decline could be expected and next target would be at 1.3000 area....
