GBPUSD failed to break above 1.3047 resistance and pulled back from 1.3029, indicating that a short term top had been formed. Deeper decline would likely be seen in a couple of weeks and next target would be...
The GBP/USD pair initially went sideways during the day on Friday, but then collapsed as of the jobs number in America came out much stronger than anticipated. As I write this, we are currently just below the...
GBPUSD moved sideways in trading range between 1.2893 and 1.3029. As long as 1.2893 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.2589, and further rise towards 1.3200 is possible after...
The British pound had a volatile session during the day on Thursday, as we continue to go sideways, but then turned around near the 1.2980 level to test the 1.2930 level again. The market also has massive...
The British pound initially tried to rally during the day on Wednesday, but rolled over again and tested the 1.29 level underneath. We found enough support there to bounce significantly and I think the British pound is...
The British pound went sideways during the day on Tuesday, as we continue to see choppiness with a slightly negative bias. I think that the 1.29 level underneath should be supportive though, and as we start to...
GBPUSD is facing the support of the ascending trend line on its 4-hour chart. As long as the pair is above the trend line, the fall from 1.3029 could be treated as consolidation of the uptrend from...
GBPUSD Bullish Scenario: A bullish pattern can be seen for another possible move higher but has yet to trigger buys at the BC 0.50% Fib. level. If looking to buy GBPUSD traders should be patient and wait for...
The GBP/USD pair fell significantly during the day on Monday, as we go looking for the 1.29 level below. That’s an area that could cause a bit of support, and the strength of the British pound of...
GBPUSD’s pullback from 1.3029 extended to as low as 1.2929. As long as 1.2900 support holds, the fall could be treated as consolidation of the uptrend from 1.2589 and further rise towards 1.3200 is still possible after...
