GBPUSD broke above 1.3047 resistance, indicating that the uptrend from 1.1987 has resumed. Further rise could be expected in a couple of weeks and next target would be at 1.3500 area. Support is at 1.2811, only a...
The British pound went sideways initially during the day on Friday, but then sliced through the 1.30 level, and then eventually the 1.3050 level, an area that I have been calling major resistance recently. I believe that...
GBPUSD broke above the falling trend line on its 4-hour chart, suggesting that the short term downtrend from 1.3029 had completed at 1.2811 already. Further rise to test 1.3029 resistance could be seen and a break of...
The GBP/USD pair had a volatile session on Wednesday, as Janet Yellen testified in front of Congress. This of course has a lot of effect on the US dollar, which in turn has an effect on this...
GBPUSD continued its downward movement from 1.3029 and the fall extended to as low as 1.2811. The pair is now facing the trend line resistance, as long as the trend line resistance holds, the downtrend could be...
The GBP/USD pair initially tried to rally during the session on Tuesday, but found quite a bit of selling pressure near the 1.2925 handle. This was based upon MPC Member Broadbent suggesting that perhaps monetary policy wasn’t...
GBPUSD’s fall from 1.3029 extended to as low as 1.2830. Resistance is located at the descending trend line on its 4-hour chart. As long as the pair is below the trend line, the downward movement could be...
The British pound initially tried to rally against the US dollar on Monday, but found enough resistance near the 1.29 level, and therefore fell a bit. We found support at the 1.2850 level, but it looks as...
GBPUSD stays below a descending trend line on its 4-hour chart and is in downtrend from 1.3029. As long as the price is below the trend line, the downward movement could be expected to continue and next...
GBPUSD broke below 1.2893 support, suggesting that the uptrend from 1.2589 had completed at 1.3029 already. Further decline could be expected and next target would be at 1.2750 area. Near term resistance is at the downward trend...
