The GBP/USD pair rose slightly during the course of the session on Tuesday, but did get back some of the gains. This is essentially a “dead cat bounce” of sorts, because we do know that the British...
The GBP/USD pair gapped lower at the open on Monday as anticipated, and as a result we continue to see selling pressure. It looks as if the market is going to continue to be a bit on...
GBPUSD broke below 1.3835 previous low support, indicating that the long term downtrend from 1.7190 (Jul 15, 2014 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 1.2000...
The GBP/USD pair fell apart during the day on Friday as it was announced out the United Kingdom has voted believe the European Union. Because of this, the British pound sold off drastically as we sliced through...
The GBP/USD pair initially rallied during the day on Thursday but found enough exhaustion above the 1.48 level to turn and form a nice-looking shooting star. This is a currency pair that will be very sensitive to...
The GBP/USD pair initially tried to rally during the day on Wednesday, but struggled again at the 1.48 level. It is obvious that the 1.48 level has become a significant resistance barrier, and if we can break...
The GBP/USD pair initially rallied during the course of the day on Tuesday, but found the 1.48 level above was resistive enough to turn things back around completely. Because of this, we formed a very negative candle...
The GBP/USD pair initially fell during the course of the day and then turn right back around to break out to the upside. However, there is still more than enough resistance at the 1.48 level to keep...
GBPUSD gapped up over the weekend and carried on with its bullish run on Monday, bringing price up to the resistance at the 1.4700 major psychological mark. This level has held as a strong area of interest...
GBPUSD’s downward movement from 1.4769 extended to as low as 1.4012. Further decline to test 1.3835 support could be expected over the next several weeks. Resistance is at 1.4500, as long as this level holds, the downtrend...
