GBPUSD formed lower highs and found support at the 1.2400 major psychological level recently, creating a descending triangle chart pattern. Price just bounced off the resistance and is moving closer to testing support. The pair is also...
GBPUSD moved sideways in a trading range between 1.2346 and 1.2582. As long as the pair is below 1.2582 resistance, the sideways move could be treated as consolidation of the downtrend from 1.2706, and further decline to...
GBPUSD is forming a sideways consolidation in a range between 1.1946 and 1.2774. another fall to test 1.1946 support would likely be seen, and a breakdown below this level will signal resumption of the downtrend from 1.5016,...
The GBP/USD pair fell during the day on Friday, but found enough support at the 1.24 level to turn things around and show signs of life. The 1.24 level should be supportive, and as a result this...
The British pound rallied during the day on Thursday, showing signs of strength again. However, the 1.25 level seems to be a bit of a fulcrum for action, so unsurprisingly we stalled a bit there. I think...
The GBP/USD pair initially fell during the day on Wednesday, but turned around to form a hammer. The hammer of course is a bullish sign, and I believe that the hammer gives us an opportunity to buy...
GBPUSD remains in downtrend from 1.2706, the rise from 1.2346 is likely correction of the downtrend. Further decline could be expected after correction, and next target would be at 1.2100 area. Resistance is at 1.2706, only break...
GBPUSD continued its sideways movement in a range between 1.1946 and 1.2774. Near term resistance is at 1.2774, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.5016,...
The GBP/USD pair fell during the day on Friday, but found enough support underneath the 1.25 level to form a bit of a hammer. I believe that we are trying to make a stand here in the...
No changed in our view, GBPUSD remains in downtrend from 1.2706, the rise from 1.2346 could be treated as consolidation of the downtrend. Further decline could be expected after correction, and next target would be at 1.2100...
