The GBP/USD pair did very little during the day on Monday, as we continue to see support at the 1.30 level. Alternately, if we rally at this point in time, I think that the sellers will reenter...
The British pound fell again during the day on Friday, as we continue to grind our way down towards the 1.30 and a. There is quite a bit of support just below though, so having said that...
No changed in our view, GBPUSD is in downtrend from 1.5016, the rise from 1.2795 could be treated as consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2000.
The GBP/USD pair went back and forth during the course of the day on Thursday, as we continue to bounce around. Anytime a bounce from here should run into a buzz all of resistance though, as the...
The GBP/USD pair bounced slightly during the course of the session on Wednesday, as we continue to grind back and forth. Ultimately though, this is a market that seems to be very soft so therefore it’s likely...
The GBP/USD pair fell slightly during the course of the session on Tuesday, as we continue to see bearish pressure in this market. The 1.30 level below should be supportive, and it may even extend all the...
GBPUSD seems ready to resume its drop, as a head and shoulders pattern can be seen on its 1-hour time frame. This is a classic uptrend reversal signal, with selling pressure likely to increase once price has...
The GBP/USD pair rose slightly during the day on Monday, as we continue to grind sideways in general. However, I see a massive amount of resistance above and the 1.35 level, and that extends to the top...
GBPUSD remains in downtrend from 1.5016, the rise from 1.2795 is likely consolidation of the downtrend. Further decline could be expected after consolidation, and next target would be at 1.2000. Near term resistance is at 1.3550, as...
This market is very bullish, at least in the short-term. However, I do see a lot of noise at the 1.35 level that could cause quite a bit of trouble, extending all the way to at least...
