GBPUSD is showing signs of a pullback from its selloff, possibly gearing up for a much-needed correction to the broken support around 1.2850-1.2900. Applying the Fib tool on the latest swing high and low on the daily...
GBPUSD broke above 1.2332 resistance and reached as high as 1.2494. Further rally is still possible and next target would be at 1.2600 area. Support is at 1.2330, only break below this level will indicate that the...
The GBP/USD pair rallied during the day on Wednesday, as we continue to find quite a bit of support just below. However, I see massive amount of resistance above here that could continue to push much lower....
The GBP/USD pair initially fell during the day on Monday, but turned around to form a little bit of a supportive candle. If we can rally above the top of this hammer, the market should then try...
GBPUSD moved sideways in a narrow range between 1.2082 and 1.2332 for several weeks. The sideways movement is likely consolidation of the downtrend from 1.3445 (Sept 6 high). As long as the downward trend line resistance holds,...
GBPUSD is in downtrend from 1.3444, the price action from 1.1946 is likely consolidation of the downtrend. Range trading between 1.1946 and 1.2600 is possible over the next several weeks. Only break above 1.2600 resistance will indicate...
The GBP/USD pair fell during the course of the day on Friday but turned right back around to form a bit of a hammer. The hammer of course is a very bullish sign but I think that...
The GBP/USD pair fell after initially trying to rally during the course of the day on Thursday. Ultimately, I believe there is quite a bit of support below, extending all the way down to the 1.20 level....
The GBP/USD pair rallied slightly during the day on Wednesday, as we continue to try to form some type of base in this area. Ultimately though, I believe that any rally will be sold off sooner or...
The GBP/USD pair fell during the day on Tuesday, but bounced enough to form a bit of a hammer. It makes a lot of sense that we would see it here, because the 1.20 level is still...
