GBP/USD Forecast June 8, 2016, Technical Analysis
The GBP/USD pair rallied during the day on Tuesday, but gave up about half of the gains. With this being the case, the market looks like it is going to continue to be volatile and you have...
Tag: GBPUSD
GBP/USD Forecast June 7, 2016, Technical Analysis
The GBP/USD pair gapped lower at the open on Monday in reaction to the most recent polls coming out of the United Kingdom as far as they need in the European Union is concerned. That being the...
GBPUSD Weekly Analysis – June 5, 2016
GBPUSD moved sideways in a trading range between 1.4332 and 1.4769. The price action in the range is likely consolidation of the uptrend from 1.3835, one more rise to 1.5000 area to complete to upward movement is...
GBP/USD Forecast June 6, 2016, Technical Analysis
The GBP/USD pair broke higher during the course of the session on Friday, breaking above the 1.45 handle. What’s most important to me is the fact that we formed a bit of a hammer during the course...
GBP/USD Forecast June 3, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the day on Thursday but turned back around form a bit of a shooting star. The 1.45 level offered quite a bit of resistance, and therefore it looks as...
GBPUSD Reversal Signal (June 03, 2016)
Cable could be in for a selloff, as the pair formed a double top pattern on its 4-hour time frame. Price failed in its last two attempts to break past the 1.4700 major psychological level and is...
GBP/USD Forecast June 2, 2016, Technical Analysis
The GBP/USD pair fell during the course of the day on Wednesday, as we broke towards the 1.44 level. There is a significant amount of support just below here, so this point in time it would not...
GBP/USD Forecast June 1, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the day on Tuesday, but found the 1.47 level to be very resistive. On top of that, we received word that the latest poll out of the United Kingdom...
GBP/USD Forecast May 31, 2016, Technical Analysis
The GBP/USD pair initially fell during the course of the session on Monday, but turned gray back around to form a little bit of a hammer. The hammer of course is a very bullish sign, and as...
GBPUSD Weekly Analysis – May 29, 2016
GBPUSD is testing 1.4769 resistance, a break of this level will signal resumption of the uptrend from 1.3835, then next target would be at 1.5000 area. Support is at 1.4332, a breakdown below this level will confirm...