The GBP/USD pair initially tried to rally on Monday but found the 1.25 level to be far too resistive. Ultimately, this is a market that continues to bounce around just below that handle so I really don’t...
GBPUSD has been moving sideways, finding support around 1.2365 and resistance at the 1.2500 major psychological level. Price is making its way back to support after a recent bounce from the top of the range. The...
GBPUSD’s bounce from 1.2302 had completed at 1.2531 already. The subsequent fall is likely resumption of the downtrend from 1.2673. Further decline would likely be seen over the next several days, and the target would be at...
GBPUSD remains in downtrend from 1.2673, the rise from 1.2302 is likely consolidation of the downtrend. Another fall could be expected after consolidation, and the target would be at 1.2000 area.
The British pound did almost nothing during the day on Friday, as we continue to go back and forth below the 1.25 handle. This is a market that continues to be very choppy, and as a result...
GBPUSD is in consolidation of the downtrend from 1.5016. Range trading between 1.1946 and 1.2700 would likely be seen over the next several weeks. Resistance is at 1.2700, as long as this level holds, the downtrend could...
The British pound rose slightly during the day on Thursday as the markets would have been fairly quiet due to the Americans celebrating Thanksgiving. At this point, there’s a lot of noise ran around the 1.25 handle,...
The British pound initially fell on Wednesday but found a little bit of support to turn things around and form a hammer. The GBP/USD pair has been grinding its way to the upside ever so slightly over...
GBPUSD is now in uptrend from 1.2302. Further rise to test 1.2673 resistance would likely be seen in a couple of days, a break of this level will confirm that the longer term uptrend from 1.1946 (Oct...
GBPUSD’s downward movement from 1.2673 had completed at 1.2302 already. Further rise to test 1.2673 resistance is possible in a couple of days, a break of this level will confirm that the uptrend from 1.1946 (Oct 7...
