GBP/USD daily chart, March 07, 2017 The GBP/USD pair initially tried to rally during the day on Monday but turned around to fall towards the 1.2250 level again. This is an area where we have found support,...
GBPUSD remains in downtrend from 1.2569, the bounce from 1.2214 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart. As long as the pair stays in...
GBP/USD daily chart, March 06, 2017 The GBP/USD pair initially fell on Friday, but found enough support to form a hammer right at the 1.2250 level. This is an area that’s been minor support and resistance in...
GBPUSD remains in downtrend from 1.2569, the rise from 1.2214 is likely consolidation of the downtrend. Resistance is at 1.2360, as long as this level holds, the downtrend could be expected to continue and next target would...
GBPUSD moved sideways in a range between 1.1946 and 1.2774 for several weeks. The sideways movement is likely consolidation of the downtrend from 1.5016. Further decline could be expected after consolidation and next target would be at...
The GBP/USD currency pair fell during the day on Thursday, testing the 1.2250 level. This is an area that has been a bit of minor support and resistance in the past, so a bounce from here is...
GBPUSD’s downward movement from 1.2569 extended to as low as 1.2241. Further decline could be expected after a minor consolidation, and next target would be at 1.2100 area. Resistance is at 1.2340, as long as this level...
GBPUSD bounced off the resistance at the 1.2650 minor psychological level and broke below the near-term consolidation support at 1.2400, confirming that sellers are taking over. Price is now making its way towards the long-term support at...
After consolidation, GBPUSD broke below 1.2346 support and continued its downward movement from 1.2706. Further decline could be expected and next target would be at 1.2000 area. Resistance is now at 1.2400, only break above this level...
The GBP/USD pair went back and forth during the day on Tuesday as we continue to test the 1.24 level for support. Recently, we have been consolidating and I think given enough time we will find enough...
