GBPUSD Daily Analysis – March 1, 2017
GBPUSD is facing 1.2346 support, a breakdown below this level will signal resumption of the downtrend from 1.2706, then the following downward movement could bring price to 1.2000 area.
Tag: GBPUSD
GBP/USD Forecast February 28, 2017, Technical Analysis
The GBP/USD pair initially fell on Monday but found enough support near the 1.24 level to turn things around and form a hammer. That of course is a bullish sign in the fact that we been consolidating...
GBPUSD Short-Term Range (Feb 27, 2017)
GBPUSD sold off sharply last Friday but appears to be finding support at the bottom of its short-term range at the 1.2400 major psychological level. Stochastic is already indicating oversold conditions, which means that sellers are exhausted...
GBPUSD Daily Analysis – February 27, 2017
GBPUSD failed to break above 1.2582 resistance and stayed in the trading range between 1.2346 and 1.2582. The price action in the trading range is likely consolidation of the downtrend from 1.2706. Further decline is possible after...
GBPUSD Weekly Analysis – February 26, 2017
GBPUSD continued its sideways movement in a range between 1.1946 and 1.2774. Resistance levels are at 1.2774 and 1.3050, as long as these levels hold, the sideways move could be treated as consolidation of the downtrend from...
GBP/USD Forecast February 27, 2017, Technical Analysis
The GBP/USD pair fell during the day on Friday, testing the 1.25 level for support. Ultimately, this is a market that should continue to find quite a bit of volatility, the 1.24 level underneath is supportive. We...
GBP/USD Forecast February 23, 2017, Technical Analysis
The British pound went back and forth during the day on Wednesday, testing the 1.25 level for resistance. We found that there again, but it just tells me that if we can break above there, the market...
GBP/USD Forecast February 22, 2017, Technical Analysis
The GBP/USD pair fell during the day on Tuesday initially but found enough support near the 1.24 level to turn things around to form a hammer. It now looks as if we are trying to break above...
GBPUSD Daily Analysis – February 22, 2017
GBPUSD continued its sideways movement in a range between 1.2346 and 1.2582. As long as 1.2582 resistance holds, the sideways move could be treated as consolidation of the downtrend from 1.2706, and further decline to 1.2000 area...
GBP/USD Forecast February 21, 2017, Technical Analysis
The GBP/USD pair rallied on Monday, slamming towards the 1.25 resistance barrier. If we can break above the 1.2550 level, I think that the market will continue to reach towards the 1.27 level. Pullbacks continue to find...