GBPUSD’s downward movement from 1.3445 extended to as low as 1.2946. Near term resistance is at 1.3100, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.2800...
The GBP/USD pair fell during the day on Tuesday, breaking below the 1.30 level. Because of this, I believe that we continue to go lower, perhaps reaching towards the 1.2850 level below which I see as the...
GBPUSD has been trading sideways on its 4-hour time frame, moving between support at the 1.2900 area and resistance at 1.3450. Price is nearing the bottom of the range at the moment and might be due for...
The GBP/USD pair initially rallied during the course of the day on Monday, but gave back about half of the gains during the day. With this being the case, the market looks as if it is still...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.3445. Further decline is still possible after a minor consolidation, and next target would be at 1.2900 area. Near term resistance is...
GBPUSD continued its downward movement from 1.3445 and the fall extended to as low as 1.2995. Further decline could be expected after a minor consolidation, and next target would be at 1.2900 area. Near term resistance is...
GBPUSD failed to break above 1.3480 resistance, and stayed in the trading range between 1.2795 and 1.3480. Deeper decline to test 1.2795 support would likely be seen next week, a breakdown below this level will signal resumption...
The GBP/USD pair fell apart during the course of the day on Friday as we crashed towards the 1.30 level. Given enough time, we should continue to see negativity in this market and therefore think rallies will...
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 1.2900 area is...
The GBP/USD pair went back and forth during the course of the day on Wednesday, but we ended up forming a hammer which of course is a very bullish sign. With this, I believe that a break...
