GBP/USD Forecast July 12, 2016, Technical Analysis
The British pound fell during the day but did end up bouncing on Monday in order to form a bit of a hammer. The hammer sits just below the 1.30 level, an area of interest obviously as...
Tag: GBPUSD
GBP/USD Forecast July 11, 2016, Technical Analysis
GBP/USD pair initially rallied a bit, but at the end of the day could not break above the 1.30 level with any gusto. At this point in time, it looks as if the market is going to...
GBPUSD Weekly Analysis – July 10, 2016
GBPUSD’s downward movement from 1.5016 extended to as low as 1.2795. Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area. Near term resistance is at 1.3550, as long as...
GBP/USD Forecast July 8, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the course of the day on Thursday, but turn right back around at the 1.30 level. Because of this, I believe that this pair is going to continue to...
GBP/USD Forecast July 7, 2016, Technical Analysis
The GBP/USD pair fell slightly during the course of the session on Wednesday, but turned right back around to form a bit of a hammer. If we can break above the top of the hammer, and more...
GBP/USD Forecast July 6, 2016, Technical Analysis
The GBP/USD pair fell during the course of the day on Tuesday, breaking down to a fresh, new low. Because of this, I believe that the market should continue to go lower but I also recognize that...
GBP/USD Forecast July 5, 2016, Technical Analysis
The GBP/USD pair did very little on Monday, as the market continues to simply grind sideways. The British pound has been sold off drastically lately, and I do see the 1.35 level above as massively resistant, and...
GBP/USD Forecast July 4, 2016, Technical Analysis
GBP/USD fell slightly during Friday, as we continue to see volatility. At this point in time, we are still within the previous consolidation area, so I don’t see much in the chart but if price can break down...
GBPUSD Weekly Analysis – July 3, 2016
GBPUSD is now in downtrend from 1.5016. Further decline could be expected after a minor consolidation, and next target would be at 1.2000 area. Resistance is at 1.3800, as long as this level holds, the downtrend will...
GBP/USD Forecast July 1, 2016, Technical Analysis
The GBP/USD pair fell during the course of the session on Thursday, as we continue to go back and forth and try to build up enough downward pressure to continue to go lower. At this point in...