GBPUSD is in consolidation of the downtrend from 1.3444. Range trading between 1.2050 and 1.2600 would likely be seen over the next several weeks. Resistance is at 1.2600, as long as this level holds, the downtrend could...
The GBP/USD pair went back and forth during the course of the session on Friday, hovering right around the 1.22 handle. Ultimately, this is a market that I think continues to see negative pressure in, and perhaps...
The GBP/USD pair initially fell during the day on Thursday but turned right back around and form a bit of a hammer. The hammer of course is a bullish sign, but at this point in time there...
The GBP/USD pair went back and forth during the course of the session on Wednesday, as we continue to drift slightly lower over the course of time. I believe that it’s only a matter time before the...
GBPUSD is in short term uptrend from 1.1946, the fall from 1.2477 is likely correction of the uptrend. Further rise to 1.2700 area to complete the upward movement would likely be seen. Key support is at 1.1946,...
The GBP/USD pair fell significantly during the day on Tuesday, as we continue to reach towards the 1.20 level. The initial flash crash support should give way given enough time though, so any type of rally at...
GBPUSD is now in uptrend from 1.1946, the fall from 1.2477 is likely correction of the uptrend. Further rally could be expected after correction, and next target would be at 1.2800 area. Key support at 1.1946, only...
The GBP/USD pair did very little during the day on Monday as we continue to simply meander just below the 1.24 level. Ultimately, I believe that this market will have to make some type of move, but...
GBPUSD’s downward movement from 1.3445 extended to as low as 1.1946. Consolidation is needed over the next several days, and the trading range would be between 1.2150 and 1.2550.
GBPUSD’s downward movement from 1.3480 extended to as low as 1.1946. Further decline is still possible after consolidation, and next target would be at 1.1000 area. Resistance is located at the downward trend line on daily chart,...
