The GBP/USD pair went back and forth on Tuesday, but ultimately settled on a somewhat neutral candle. I think the we could bounce from here, but we should find plenty of resistance above. I’m waiting to see...
GBPUSD broke below 1.2202 support, indicating that the downtrend from 1.2774 has resumed. Resistance is at the top of the price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could be expected...
The GBP/USD pair rallied on Friday, showing signs of position squaring for the end of the year. There is still a significant uptrend line that had previously been so supportive just above, and it should now cause...
GBPUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.2774. As long as the channel resistance holds, the rise from 1.2202 could be treated as consolidation of the downtrend, and further...
The GBP/USD pair tried to rally on Thursday but turned around to form a bit of an exhaustive candle. The exhaustive candle shows that the bearish pressure continues on the British pound overall, as we should then...
The GBP/USD pair fell again on Wednesday, as we continue to see bearish pressure against the British pound. Any rally at this point in time should be an opportunity to start selling, as the berries pressure has...
The USD/GBP pair fell slightly on Tuesday as we came back from Christmas celebrations. The 1.2250 level offered a little bit of support, but I believe that this is at best “soft support”, meaning that any balance...
GBPUSD remains in downtrend from 1.2774, the rise from 1.2228 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 channel resistance holds,...
GBPUSD is in short term downtrend from 1.2774. Deeper decline to test 1.1946 support is possible over the next several days. Near term resistance is at 1.2500, only break above this level would trigger another rise towards...
The British pound fell on Thursday, as we continue to grind lower. In fact, we have broken below the 1.23 level, so it looks as if the market will probably continue down to the 1.21 Anna below....
