GBP/USD Forecast July 24, 2017, Technical Analysis
The British pound initially rose during the day on Friday but found enough resistance at the 1.30 level to roll over and it now looks as if we are going to continue the move lower. I think...
Tag: GBPUSD
GBP/USD Forecast July 20, 2017, Technical Analysis
The GBP/USD pair fell significantly during the day on Thursday, slicing through the 1.30 level. This is a very negative sign, and we have even tested the 1.30 level for resistive action and have found it on...
GBPUSD Daily Analysis – July 21, 2017
GBPUSD’s fall from 1.3125 extended to as low as 1.2932. Deeper decline is still possible and the target would be at the bottom trend line of the price channel on the 4-hour chart. On the upside, as...
GBPUSD Daily Analysis – July 20, 2017
GBPUSD failed to break above the top resistance trend line of the price channel on the weekly chart, and pulled back from 1.3125. Further decline would likely be seen over the next several days and the target...
GBPUSD Rising Wedge (July 20, 2017)
GBPUSD has formed higher lows and slightly higher highs, creating a rising wedge pattern visible on its daily chart. Price is currently testing the resistance and might be due for a move back to support soon. Stochastic...
GBP/USD Forecast July 19, 2017, Technical Analysis
The British pound initially tried to rally on Tuesday but found a ton of resistance near the 1.3125 level. This was exacerbated by the less than stellar CPI numbers coming out of the United Kingdom. Because of...
GBPUSD Daily Analysis – July 19, 2017
Under pressure by the top resistance trend line of the price channel on the weekly chart, GBPUSD pulled back from 1.3125, indicating that the short term uptrend from 1.2811 is complete. Deeper decline could be expected over...
GBP/USD Forecast July 18, 2017, Technical Analysis
The British pound fell a bit on Monday as traders came back to work. The market looks as if it is trying to come back to the break out level to find out more buyers. I believe...
GBPUSD Daily Analysis – July 18, 2017
GBPUSD remains in uptrend from 1.2811, the fall from 1.3113 could be treated as consolidation of the uptrend. Range trading between 1.3000 and 1.3113 would likely be seen in a couple of days. As long as 1.3000...
GBPUSD Daily Analysis – July 17, 2017
After breaking above the falling trend line on the 4-hour chart, GBPUSD continued to break above 1.3029 resistance, confirming that the uptrend from 1.2589 has resumed. Further rise could be expected after a minor consolidation and next...