The GBP/USD pair initially fell during the day on Friday, and saw quite a bit of volatility after the jobs number came out in the United States less than anticipated. We now find the market hanging about...
The GBP/USD pair initially fell rather stringently during the session on Thursday, but found enough support near the 1.2825 level to bounce and reach towards the 1.29 handle. That’s an area that should cause quite a bit...
GBPUSD is facing the resistance of the ascending trend line at around 1.2930 on its 4-hour chart. As long as the pair is below the trend line, the bounce from 1.2769 could be treated as consolidation of...
The GBP/USD pair initially fell during the Wednesday session, but turned around to form a massive bullish move. The fact that we did that and broke above the 1.29 level is a very bullish sign. We have...
GBPUSD is facing the resistance of the bottom trend line of the price channel on 4-hour chart. As long as the pair is below the trend line, the bounce from 1.2769 could be treated as consolidation of...
The British pound broke out to the upside during the day on Tuesday after initially dipping lower. Now that we have broken above to make a “higher high”, it looks as if the market is going to...
GBPUSD remains in downtrend from 1.3047, the rise from 1.2775 could be treated as consolidation of the downtrend. Further decline could be expected after the consolidation and next target would be at 1.2700 area. Resistance is at...
The British pound rose again during the session on Monday, as we have stabilized over the last couple of days. The selloff was rather drastic, but at this point we have the 1.2750 level underneath. The 1.2750...
GBPUSD is now in the downtrend from 1.3047, the bounce from 1.2775 is likely consolidation of the downtrend. Resistance is located at the bottom support trend line of the price channel on 4-hour chart which turns to...
GBPUSD broke below 1.2844 key support, indicating that the upside movement from 1.2365 had completed at 1.3047 already. Further decline could be expected after correction and next target would be at around 1.2650. Resistance is at the...
