Being contained by the 1.1946 support, GBPUSD rebounded from 1.2109, indicating that lengthier sideways movement is a range between 1.1946 and 1.2774 is underway. Another rise to test 1.2774 resistance would likely be seen, as long as...
GBP/USD daily chart, March 20, 2017 The British pound rose during the Friday session but found the 1.24 level to resistive to continue. By forming a shooting star, this suggests that we are going to pull back...
GBP/USD daily chart, March 17, 2017 The British pound rose against the US dollar as we aim for the 1.24 handle above. That’s an area that should start a significant amount of resistance though, so I’m waiting...
GBPUSD’s rise from 1.2109 extended to as high as 1.2377. Further rise could be expected after a minor consolidation and next target would be at 1.2450 area. Support is at the ascending trend line on 4-hour chart....
Cable recently bounced off its long-term support at the 1.2100 major psychological mark and seems to be pulling up from its recent selloff. Applying the Fib tool on the latest swing high and low shows that the...
GBPUSD broke above 1.2251 resistance, indicating that the downtrend from 1.2569 had completed at 1.2109 already. Further rise could be expected after a minor consolidation, and next target would be at 1.2400 area.
GBP/USD daily chart, March 15, 2017 The British pound fell significantly during the day on Tuesday, as we wiped out all the gains from Monday. It looks as if we are going to continue to try to...
GBPUSD continued its downward movement from 1.2569 and the fall extended to as low as 1.2109. Resistance is now at 1.2251, as long as this level holds, the downtrend could be expected to continue and next target...
GBP/USD daily chart, March 14, 2017 The GBP/USD pair rally during the day on Monday, slamming into the 1.2250 level. This is an area that has been of interest recently, and I think that if we can...
GBPUSD broke above the channel resistance, indicating that the downward movement from 1.2569 had completed at 1.2134 already. The pair is now in uptrend, further rise could be expected over the next several days, and next target...
