GBPUSD recently broke below 1.2755 support on its daily chart, indicating that the short term bullish movement from the March 14 low of 1.2109 had completed at the May 18 high of 1.3047 already. Further decline would...
The British pound continues to be one of the more volatile currencies around the world, and that makes quite a bit of sense as we have had so many shocks over the last several months. I still...
GBPUSD formed a sideways movement in a trading range between 1.2634 and 1.2779 on its 4-hour chart. As long as the pair is below 1.2779 resistance, the price action in the range could be treated as consolidation...
The British pound initially did very little at the open on Monday, but as the Europeans came back to work, you can see that we sliced through the 1.2750 level, and then broke down to the 1.2650...
GBPUSD remains in downtrend from 1.3047, the rise from 1.2634 could be treated as consolidation of the downtrend. Further decline could be expected after a minor consolidation and next target would be at around 1.2500. Resistance is...
The pound sterling was headed for the biggest drop in a year after it emerged that the ruling Conservative Party has fallen short of a general majority after UK Election (GE 2017), just 10 days before the...
GBPUSD is now in downtrend from 1.3047. Further decline could be expected over the next several days, and next target would be at 1.2600 area. Near term resistance is at 1.2850, as long as this level holds,...
The British pound fell apart during the session on Friday as we got word of the British parliamentary election results. The conservative party losing a few seats certainly did nothing to instill confidence in the British economy...
GBPUSD broke below 1.2756 key support, indicating that the upside movement from 1.2109 had completed at 1.3047 already. Further decline could be expected and next target would be at 1.2300 area. Resistance levels are at 1.2870 and...
The British pound fell during most of the session on Thursday, as the election of Parliament took center stage. Currently, it appears that the Conservative party will probably pick up a few seats, and therefore we are...
