The British pound went back and forth during the day on Thursday, showing signs of volatility. It looks as the 1.25 level will continue to be supportive, so a break above the top of the candle should...
The GBP/USD pair fell initially during the day on Wednesday, but turned around and found quite a bit of support near the 1.25 handle. Because of this, the market looks as if it is going to continue...
GBPUSD is now 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...
The British pound fell rather hard during the day on Tuesday against the US dollar, as the 1.25 level offered too much resistance. However, I do see that there is another support level down at the 1.2250...
GBPUSD broke below 1.2412 support, indicating that the uptrend from 1.1986 had completed at 1.2706 already. The pair is now in downtrend, further decline could be expected over the next several days, and next target would be...
The British pound fell a bit during the day on Monday, as we find yourselves testing the 1.24 level. That’s an area that I think is the bottom of significant support, so if we can break above...
GBPUSD is testing 1.2412 support. As long as this level holds, the price action from 1.2673 could be treated as consolidation of the uptrend from 1.1986, and further rise to 1.2900 area is still possible. However, a...
GBPUSD is in consolidation of the uptrend from 1.1986. Range trading between 1.2412 and 1.2706 would likely be seen in a couple of days. Support is at 1.2412, as long as this level holds, the uptrend could...
GBPUSD moved sideways in a trading range between 1.1946 and 1.2774. Resistance levels are at 1.2774 and 1.3050. As long as these levels hold, the price action from 1.1946 could be treated as consolidation of the downtrend...
The GBP/USD pair fell during the day on Friday, but turned around to form a nice-looking hammer at the 1.25 handle. This is a very bullish sign and if we can break above the top of a...
