Under pressure by 1.3047 (May 18 high) resistance, GBPUSD pulled back from 1.3029, suggesting that consolidation for the uptrend from 1.2589 is underway. Range trading between 1.2900 and 1.3029 would likely be seen in a couple of...
GBPUSD broke above 1.2870 resistance and is now facing 1.3047 resistance. A break of this level will confirm that the upward movement from 1.1987 has resumed, then next target would be at around 1.3200, followed by 1.3950....
The British pound found some pressure to the downside during the session on Friday, but quite frankly this has been in an explosive moved over the last couple of sessions, so a pullback is healthy. If we...
The ascending channel on Cable’s daily time frame is still intact and price is heading towards the resistance around 1.3400. A countertrend opportunity could arise if reversal candlesticks form around this area. In that case, a move...
GBPUSD’s upward movement extended to as high as 1.3029 and is now facing 1.3047 resistance. Further rise could be expected after a minor consolidation and next target would be at 1.3200 area. Near term support is at...
Being supported by the 20-weekly moving average on its weekly chart, the GBPUSD pair rebounded from 1.2589, suggesting that lengthier consolidation for the long term downtrend from the July 2014 high of 1.7190 is needed. Let’s look...
The British pound went sideways during the session on Wednesday, but then exploded to the upside as Mark Carney suggested that the Bank of England would have to raise rates if the global economy starts to heat...
GBPUSD rose strongly to as high as 1.2972. Near term support is now at 1.2870, as long as this level holds, the uptrend could be expected to continue and further rise to test 1.3047 resistance is possible...
The British pound initially went sideways during the day on Tuesday, and then broke higher, reaching towards the 1.2775 level. Above there, I think the 1.28 level offered resistance, so if we can break above there I...
GBPUSD moved above 1.2817 resistance, indicating that the downtrend from 1.3047 had completed at 1.2589 already. Further rally would likely be seen and next target would be at 1.2950 area. Near term support is at the ascending...
