GBPUSD broke below 1.2548 support, indicating that the uptrend from 1.2302 had completed at 1.2774 already. Deeper decline would likely be seen in a couple of days and next target would be at 1.2300 zone. Resistance is...
GBP/USD The British pound initially tried to rally during the day on Tuesday, but found the 50% Fibonacci retracement level at the 1.27 level be far too resistive to continue going higher. By doing so, we rolled...
The GBP/USD pair rallied on Monday, as the US dollar softened a bit overall. The 1.27 level above could be resistive yet again, but I think the real massive “ceiling” in this market is closer to the...
GBPUSD is facing 1.2700 resistance, a break of this level could signal resumption of the uptrend from 1.2302, then next target would be at 1.2900 area. Key support is now at 1.2548, a breakdown below this level...
GBPUSD broke below the bottom of the price channel on 4-hour chart, and is now in downtrend from 1.2774. Further decline would likely be seen in a couple of days, and next target would be at 1.2450...
The GBP/USD pair had a very quiet session on Friday, as we essentially continue to do nothing. I do recognize that there is a significant amount of resistance above the 1.2850 level, and I consider that to...
GBPUSD stays above the upward trend line on daily chart, and remains in uptrend from 1.1946. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
The British pound initially went higher during the day on Thursday but found enough resistance of the previous 50% Fibonacci retracement level again to turn things around and start falling. The market has a supportive trend line...
GBPUSD broke below the bottom of the price channel on 4-hour chart, indicating that the upward movement from 1.2302 had completed at 1.2774 already. Deeper decline could be expected in a couple of days, and next target...
The British pound fell on Wednesday, testing the 1.2550 region. At this point, I believe that we could rally but the 50% Fibonacci retracement ratio has offered quite a bit of resistance. I think that we are...
