The GBP/USD pair went back and forth during the course of the day on Monday, as the market simply seems to be stabilizing around the 1.22 handle at the moment. However, I do recognize that there is...
GBPUSD stayed in the trading range between 1.1946 and 1.2477 for several days. As long as 1.2477 resistance holds, the price action in the trading range could be treated as consolidation of the downtrend from 1.3445 (Sept...
GBPUSD remains in downtrend from 1.3444, further decline could be expected after a minor consolidation, and next target would be at 1.1500 area. Resistance is at 1.2600, only break above this level will indicate that the downtrend...
The GBP/USD pair initially fell during the course of the day on Friday but turned around to form a bit of a hammer. That being the case, looks as if we are going to get a bit...
The GBP/USD pair fell slightly during the day on Thursday, and then bounced a bit the form a candle that looks a bit like a hammer. At the end of the day though, I have no interest...
The GBP/USD pair initially tried to rally during the course of the day on Wednesday, but turned right back around to show a slightly negative candle. With this being the case, it looks as if the market...
The GBP/USD pair rallied during the course of the day on Tuesday, breaking above the 1.23 handle. At this point in time, this is a market that could rally for a while, but I’m waiting to see...
GBPUSD continued its sideways movement in a range between 1.1946 and 1.2477. Resistance is at 1.2477, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.3445 (Sept 6...
The GBP/USD pair went back and forth on Monday, essentially doing nothing. There is a massive amount of support just below the 1.20 level though, so having said that it’s likely that any attempt to go lower...
GBPUSD is forming a sideways consolidation in a range between 1.1946 and 1.2477. Another rise to test 1.2477 resistance would likely be seen, a break of this level will indicate that the downward movement from 1.3445 had...
