GBPUSD stays above the ascending trend line on daily chart, suggesting that the pair remains in uptrend from 1.2109. As long as the trend line support holds, the upward movement could be expected to continue, and next...
The GBP/USD pair had a remarkable session on Friday, as we had some type of flash crash on Thursday, testing the uptrend line, but we turned around almost immediately. As traders cool their nerves, we eventually saw...
The British pound surged higher after retail sales came out much stronger than anticipated. This is a market that I’ve been talking about for some time, and I recognize that the 1.30 level has a certain amount...
GBPUSD enjoyed additional volatility recently but is still trading safely inside its ascending channel on the 1-hour time frame. Price just bounce off support and could be due for another test of resistance. The 100 SMA is...
GBPUSD’s upward movement from 1.2365 extended to as high as 1.3047. Further rise is still possible and next target would be at 1.3100 area. Near term support is at the bottom of the price channel on 4-hour...
The GBP/USD pair rallied during the day after initially grinding sideways on Wednesday. The 1.30 level above continues to offer a significant amount of resistance, and certainly a psychological barrier for markets to deal with. If we...
GBPUSD has been trending higher recently, moving inside an ascending channel visible on its 1-hour and 4-hour charts. Price just bounced off support and could be due for a test of resistance from here. The 100 SMA...
GBPUSD is facing the resistance of 1.2988. A break of this level will indicate that the bullish movement from 1.2365 has resumed, then another rise towards 1.3100 could be seen. On the other side, as long as...
The GBP/USD pair has been all over the place during the session on Tuesday, with the 1.29 level offering a bit of a fulcrum for price action. I believe that this market will continue to be a...
GBPUSD continued its sideways movement in a range between 1.2831 and 1.2988. The sideways movement is likely consolidation of the uptrend from 1.2365. Further rise could be expected after the consolidation and a break of 1.2988 resistance...
