The British pound continues to find buyers every time we dip, and that’s exactly what happened on Thursday. We initially fell, and then turned around to reach towards the 1.25 handle again. This is a market that...
GBPUSD has formed lower highs and higher lows on its 1-hour time frame, creating a symmetrical triangle pattern that could be due for a breakout soon. Price is currently testing the triangle support at 1.2460, still trying...
GBPUSD stays in the triangle pattern on 4-hour chart. As long as 1.2418 key support holds, the price action in the triangle pattern could be treated as consolidation of the uptrend from 1.2109, and further rise to...
The British pound rallied during the session on Wednesday, as the 1.24 level continues to offer support. Because of this, it looks as if this is a “buy on the dips” type of market, but I...
GBPUSD is forming a triangle pattern on 4-hour chart. Key support is at 1.2418, a breakdown below this level will confirm that the uptrend from 1.2109 had completed at 1.2615 already, then the following downward movement could...
GBPUSD broke below the support of the ascending trend line on 4-hours chart, indicating that the downtrend from 1.2615 has resumed. Further decline could be expected in a couple of days, and next target would be at...
GBP/USD daily chart, April 04, 2017 The GBP/USD pair fell during the day on Monday as we continue to chop back and forth with no direction in mind. Longer-term, it looks as if we may try to...
GBPUSD is facing the support of the upward trend line on 4-hours chart. A clear break below the trend line support will indicate that the downtrend from 1.2615 has resumed, then further decline to 1.2200 area could...
GBPUSD remains in downtrend from 1.2615, the rise from 1.2376 is likely correction of the downtrend. As long as 1.2615 resistance holds, the downtrend could be expected to resume, and further decline to 1.2200 area is still...
GBPUSD continued its sideways movement in a range between 1.1946 and 1.2774. As long as 1.2774 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.5016, and further decline to 1.1500 area...
