GBPUSD is forming a triangle pattern on daily chart. Resistance is at the upper trend line of the pattern, as long as this trend line resistance holds, sideways movement could be expected to continue and next target...
After touching 1.2557 resistance, GBPUSD pulled back to 1.2495, indicating that the pair remains in downtrend from 1.2615, and the price action from 1.2376 could be treated as consolidation of the downtrend. Deeper decline to test 1.2365...
The GBP/USD pair initially rally during the day on Wednesday, but ran into a little bit of trouble at the psychologically important 1.25 handle. That’s not a huge surprise, it is an area where you would expect...
GBPUSD is facing 1.2557 resistance, a break of this level will indicate that the uptrend from 1.2109 has resumed, then next target would be at 1.2670 area. On the downside, as long as 1.2557 resistance holds, the...
The GBP/USD pair rally during the session on Tuesday, testing the 1.25 handle. There is a lot of noise in this area and we have been going back and forth during the last several weeks between the...
GBPUSD is now in downtrend from 1.2615, the price action from 1.2376 could be treated as consolidation of the downtrend. Another fall could be expected after the consolidation and next target would be at 1.2200 area. Resistance...
The GBP/USD pair bounced during the session on Monday as the 1.2350 level held supportive. However, I think we are basically just bouncing around and overall consolidation, but the impulsive negative candle on Friday leads me to...
GBPUSD broke out below the lower line of the triangle pattern on 4-hour chart, indicating that the upward movement from 1.2109 had completed at 1.2615 already. The pair is now in downtrend, further decline could be expected...
Under pressure by the downward trend line on daily chart, GBPUSD pulled back from 1.2615, indicating that lengthier sideways movement in the range between 1.1946 and 1.2774 is underway. Another fall to test 1.1946 support could be...
The GBP/USD pair fell significantly during the session on Friday, as we have broken below the 1.24 handle. Closing at the bottom of the range is very bearish and it now looks as if we are going...
