Last week , GBP USD ended the cycle from 02/02/2017 peak which unfolded as a double three Elliott wave structure with a FLAT in the Y leg. Pair slightly exceeded 123.6 Fibonacci extension (1.2145) of the first 3...
GBPUSD stays in the descending price channel on 4-hour chart and remains in downtrend from 1.2569. As long as the pair is in the channel, the downtrend could be expected to continue, and next target would be...
GBP/USD daily chart, March 13, 2017 The GBP/USD pair went back and forth during the day on Friday as we continue to look for support near the 1.21 handle. I think that I rally at this point...
GBPUSD continued its sideways movement in a trading 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...
GBP/USD daily chart, March 10, 2017 The GBP/USD pair initially tried to rally during the day on Thursday but turned around to form a negative candle again. The US dollar continues to be very strong against most...
GBPUSD remains in downtrend from 1.2569. As long as the pair is in the descending channel on 4-hours chart, the downtrend could be expected to continue, and next target would be at 1.2000 area. Resistance levels are...
GBP/USD daily chart, March 09, 2017 The GBP/USD pair broke down during the day on Wednesday, clearing the bottom of the Tuesday candle. It looks as if we are going to continue to grind a bit lower,...
GBPUSD’s bearish movement from 1.2569 extended to as low as 1.2139. As long as the pair stays in the descending channel on 4-hour chart, the downtrend could be expected to continue, and next target would be at...
GBP/USD daily chart, March 08, 2017 The GBP/USD pair fell on Tuesday, clearing the support that we had seen previously. It now looks as if the British pound will continue to fall, but I think that the...
GBPUSD continued its downward movement from 1.2569 and the fall extended to as low as 1.2169. Near term resistance is at the descend price channel on 4-hours chart. As long as the pair stays in the channel,...
