The GBP/USD pair went back and forth during the course of the session on Wednesday, showing a fairly neutral candle. At this point in time, it appears that the 1.30 level is a bit of a magnet...
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to continue, and further decline to test 1.2865 (Aug...
The British pound initially fell during the day on Tuesday, but found enough support below to turn things around and shoot the market much higher. Ultimately, I believe that we will continue to go higher, but only...
The GBP/USD pair initially fell during the course of the session on Monday, but turn right back around to form a bit of a hammer. The hammer of course is very bullish, and as a result it...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. As long as the trend line resistance holds, further decline to test 1.2865 (Aug 15 low) support is possible. On the...
GBPUSD’s downward movement from 1.3445 extended to as low as 1.2914. Further decline to test 1.2865 support is possible in a couple of days. Resistance is located at the downward trend line on 4-hour chart, only a...
GBPUSD is facing 1.2795 support again, a breakdown below this level will indicate that the downtrend from 1.5016 has resumed, then next target would be at 1.2000 zone. On the other side, rebound is possible before breaking...
The British pound fell during the day on Friday, breaking below the 1.30 level at one point. I still believe that we will probably continue to go lower, perhaps reaching towards the 1.2850 level below. The negative...
The GBP/USD pair rallied during the course of the session on Thursday, breaking well above the 1.30 level. However, the market is still very negative overall so I am simply waiting for some type of exhaustion candle...
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.3445 could be expected to resume, and further decline to test 1.2865 support...
