The GBP/USD pair broke higher during the day on Thursday, clearing the 1.25 level. If we can break above the top of the shooting star from the Wednesday session, this market could easily reach towards the 1.2850...
GBPUSD’s upward movement from 1.2082 extended to as high as 1.2584. Further rise is still possible and next target would be at 1.2700 area. Support is at d1.2330, only break below this level could bring price back...
The British pound initially rallied during the day Wednesday, but found enough resistance above the 1.25 level to turn things around and form a shooting star. This is a shooting star right at a major resistance barrier,...
The GBP/USD pair did very little during the day on Tuesday, as we show quite a bit of choppiness now. Ultimately, this is a market that has quite a bit of support just below but ultimately we...
GBPUSD is facing 1.2330 support, a breakdown below this level will indicate that the upward movement from 1.1946 had completed at 1.2557 already, then further decline to test 1.1946 previous low support could be seen. However, as...
The GBP/USD pair fell during the day on Monday, as the 1.25 level has offered resistance yet again. Ultimately, I believe that this market will continue to go lower, perhaps reaching towards the 1.22 handle below. If...
GBPUSD’s upward movement from 1.2082 extended to as high as 1.2557. Further rise is still possible after a minor consolidation, and next target would be at 1.2650 area. Key support is at 1.2330, only break below this...
GBPUSD remains in downtrend from 1.5016, the rise from 1.1946 is likely consolidation of the downtrend. Range trading between 1.1946 and 1.2700 is possible over the next several weeks. Resistance is at 1.2700, as long as this...
The GBP/USD pair rallied during the session on Friday, we continue to break out to the upside. However, if think that the market does go higher it’s likely that we will find a significant amount of resistance...
The GBP/USD pair rallied during the session on Thursday, as the Bank of England decided not to add to quantitative easing. With this being the case, I think that we could continue to see a little bit...
