Being contained by 1.3480 (Jul 15 high) resistance, GBPUSD pulled back from 1.3445. However, the fall would possibly be consolidation of the uptrend from 1.2865, another rise to test 1.3480 resistance is still possible after consolidation. Support...
The GBP/USD pair fell significantly during the course of the day on Wednesday, as we found quite a bit of resistance in the area of 1.34 above. This of course is an area that has caused quite...
GBPUSD’s upward movement from 1.3059 extended to as high as 1.3445. Further rise is still possible after a minor consolidation, and next target would be at 1.3600 area. Support is at 1.3275, only break below this level...
The GBP/USD pair broke higher during the course of the day on Tuesday, as we reach towards the 1.35 handle. However, I recognize that there is a lot of resistance between here and the 1.3650 level, so...
GBPUSD has been trending higher on its 1-hour chart, moving inside an ascending channel and testing the resistance. If the ceiling holds for now, price could pull back to the channel support before resuming its climb. Applying...
The British pound initially tried to rally during the day on Monday, but turn right back around to form a shooting star. The shooting star of course is a negative sign, and as a result I believe...
GBPUSD continued its upward movement from 1.2865, and the rise extended to as high as 1.3375. Further rise to test 1.3480 (Jul 15 high) resistance is possible. Near term support is at 1.3215, a breakdown below this...
The British pound initially tried to rally during the day on Friday, but turn right back around and form a shooting star. The shooting star is roughly where I wanted to see signs of exhaustion to start...
GBPUSD continued its sideways movement in a range between 1.2795 and 1.3480. Key resistance is at 1.3800. As long as this level holds, the price action from 1.2795 could be treated as consolidation of the downtrend from...
The GBP/USD pair rallied during the course of the session on Thursday, but we are still well within the consolidation area. Quite frankly, I would expect to see some type of exhaustive candle just above in order...
