The British pound went back and forth on Wednesday, as we continue to chop just below the previous uptrend line. Because of this, it’s likely that the market is trying to figure out which way it wants...
The GBP/USD pair fell during the session on Tuesday, breaking below the bottom of the uptrend line from previous weeks. Because of this, I think that the market is going to start drifting lower, and if we...
GBPUSD’s downward movement from 1.2774 extended to as low as 1.2312. Further decline could be expected after a minor consolidation and next target would be at 1.2250 area. Resistance is at 1.2500, only break above this level...
The GBP/USD pair fell during the day on Monday, as they have tested the uptrend line. A break down below there is a very negative sign, and the British pound should continue to go much lower. A...
GBPUSD remains in downtrend from 1.2774, the rise from 1.2376 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2250 area. Resistance is at 1.2550, as long...
The British pound bounced off an uptrend line during the day on Friday as we reached back towards the 1.25 handle. I still think this market breaks down given enough time, and a break down below the...
GBPUSD broke below the upward trend line on daily chart, indicate that the uptrend from 1.1946 had completed at 1.2774 already. Deeper decline to test 1.1946 support would likely be seen in a couple of weeks, a...
The GBP/USD pair broke down below a trend line during the session on Thursday, slicing through the 1.25 level. If we can continue to go lower, and I think we will, we should reach towards the 1.23...
GBPUSD’s downward movement from 1.2774 extended to as low as 1.2376. Further decline could be expected and next target would be at 1.2250 area. Resistance is at 1.2550, as long as this level holds, the downtrend will...
The GBP/USD pair had a slightly positive candle form for the Wednesday session. The 1.27 level continues to attract a lot of noise though, so having said that I think that it will remain choppy. If we...
