The GBP/USD pair initially tried to rally during the course of the day on Friday but turned right back around yet again. This market looks like it is ready to start drifting lower, but that’s the key...
GBPUSD stayed in the trading range between 1.2795 and 1.3480. As long as 1.3800 level holds, the price action from 1.2795 could be treated as consolidation of the downtrend from 1.5016, and further decline to 1.2000 area...
The GBP/USD pair fell slightly during the course of the day on Thursday, breaking below the 1.30 level. However, there is quite a bit of support all the way down to the 1.28 level below, so with...
The GBP/USD pair initially tried to rally during the course of the day on Wednesday, but turned around to form a bit of a shooting star. The shooting star of course is a very negative sign, and...
The GBP/USD pair fell during the course of the day on Tuesday, but found enough support underneath the 1.30 level to turn things around and form a bit of a hammer like candle. There is a massive...
GBPUSD is pulling up from its recent slide and looks ready to test the nearby resistance levels. Applying the Fib tool on the latest swing high and low on the 1-hour chart shows that the 38.2% retracement...
The GBP/USD pair did very little during the day on Monday, forming a slightly negative candle. We are currently sitting just above the 1.30 level, an area that is massively supportive. I think the support extends all...
The GBP/USD pair went back and forth during the course of the session on Friday, as we found the 1.30 level to be supportive. I believe that there is a significant amount of support below the 1.3...
GBPUSD continued its sideways movement in a range between 1.2795 and 1.3480. Resistance is at 1.3800, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.2000 area.
The GBP/USD pair fell significantly during the day on Thursday as we continue to consolidate overall. We have been testing the 1.30 level below for support, and the nonfarm payroll numbers coming out today could possibly be...
