The British pound gapped higher at the open on Monday, and then reached to the 1.2750 level. We pulled back a little bit though, and found support at the 1.27 level, and now find yourself going sideways...
GBPUSD’s bounce from 1.2589 extended to as high as 1.2759. Further rise to test the resistance of the top trend line of the price channel on its 4-hour chart is possible. As long as the channel resistance...
GBPUSD stays in a falling price channel on its 4-hour chart and remains in downtrend from 1.3047. As long as the pair is in the channel, the bounce from 1.2589 could be treated as consolidation of the...
GBPUSD is now in downtrend from 1.3047 and the downward movement extended to as low as 1.2589. Further decline could be expected in a couple of weeks and next target would be at 1.2300 area. Near term...
The British pound rallied a bit during the day on Friday, breaking above the 1.27 handle. The British pound continues to pick up a little bit of bullish pressure, and the market should go looking for the...
GBPUSD remains in downtrend from 1.3047, the rise from 1.2589 is likely consolidation of the downtrend. Near term resistance is at the falling trend line on its 4-hour chart. As long as the pair is below the...
The GBP/USD pair went sideways initially during the day on Wednesday, but then found massive support at the 1.26 level as the word got out that at least one of the Bank of England members thinks that...
GBPUSD stays below a downward trend line on its 4-hour chart, indicating that the pair remains in the downtrend from 1.3047. As long as the pair is below the trend line, the downtrend could be expected to...
Cable is sitting right on the ascending channel support visible on its daily time frame. A bounce could take it back up to the resistance at the 1.3250 minor psychological level while a break could spur a...
The British pound went sideways initially during the day on Tuesday, and then fell apart and reached towards the 1.26 level. That being the case, we found support their, as it is a large, round, psychologically significant...
