GBPUSD remains in uptrend from 1.1986, the fall from 1.2673 is likely consolidation of the uptrend. Support is at the bottom of the price channel on 4-hour chart. As long as the channel support holds, the uptrend...
The British pound took off during the day on Wednesday, as we have cleanly broken above the 1.25 handle. Because of this, the pound should continue to be favored, and I think we will continue to see...
GBPUSD continued its upward movement from 1.1986 and the rise extended to as high as 1.2647. Near term support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the...
GBPUSD is in consolidation of the uptrend from 1.1986. Range trading between 1.2180 and 1.2415 would likely be seen in a couple of days. Support is at 1.2180, as long as this level holds, the uptrend could...
GBPUSD failed to break below 1.1946 previous low support and stayed in the trading range between 1.1946 and 1.2774. Further rise to test 1.2774 resistance could be expected in a couple of weeks. As long as 1.2774...
The GBP/USD pair initially fell during the session on Friday, but turned around to form a hammer. The hammer of course is a bullish sign, and it looks as if we’re going to reach towards the 1.25...
The GBP/USD para rallied a bit during the session on Thursday, as we continue to grind sideways overall. At this point, it looks as if the markets are trying to figure out where to go next, but...
GBPUSD remains in uptrend from 1.1986, the fall from 1.2415 could be treated as consolidation of the uptrend. Support is at 1.2180, as long as this level holds, the uptrend could be expected to resume, and further...
The British pound fell on Wednesday, but found enough support near the 1.2250 level to form a slightly supportive looking candle. The 1.25 level above is massively resistive, so I think somewhere near that area the sellers...
GBPUSD is now in uptrend from 1.1986, the fall from 1.2415 could be treated as correction of the uptrend. Near term support is at 1.2180. As long as this level holds, the uptrend could be expected to...
