GBP/USD Forecast May 30, 2016, Technical Analysis
The GBP/USD pair initially tried to rally on Friday but then turn right back around form a negative candle. That being the case, looks as if we’re going to try to grind our way back down to...
Tag: GBPUSD
GBP/USD Forecast May 26, 2016, Technical Analysis
The GBP/USD pair rose during the day on Wednesday, as we tested the 1.47 handle. We did pullback slightly, but at the end of the day we think there is more than enough buying pressure underneath to...
GBP/USD Forecast May 25, 2016, Technical Analysis
The GBP/USD pair broke higher during the day on Tuesday as the 1.45 level has now offered quite a bit of support. In fact, we went much higher and we believe that the market will probably try...
GBPUSD Weekly Analysis – May 22, 2016
GBPUSD remains in downtrend from 1.4769, the rise from 1.4332 could be treated as correction of the downtrend. Further decline to test 1.3835 previous low support is possible over the next several weeks. Resistance is at 1.4769,...
GBP/USD Forecast May 23, 2016, Technical Analysis
The GBP/USD pair broke down below the bottom of the shooting star from the Thursday session during Friday, and as a result we broke down below the 1.45 handle and close towards the bottom of the range....
GBP/USD Forecast May 20, 2016, Technical Analysis
The GBP/USD pair initially rose during the session on Thursday, but found a lot of resistance above in order to form a shooting star, which is of course a negative sign. The pair looks likely to pullback...
GBP/USD Forecast May 19, 2016, Technical Analysis
The GBP/USD pair initially fell during the day on Wednesday, but turned around to slice through the top of the shooting star from the Tuesday session. This of course is a very bullish sign, and as a...
GBP/USD Forecast May 18, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the day on Tuesday, but found the area above the 1.45 level to be far too resistive. By doing so, we ended up forming a shooting star and it...
GBP/USD Forecast May 17, 2016, Technical Analysis
The GBP/USD pair rose during the day on Monday, as we found quite a bit of support initially. However, there is a lot of resistance all the way to the 1.45 handle, so in exhaustive candle gives...
GBPUSD Weekly Analysis – May 15, 2016
GBPUSD is now in downtrend from 1.4769. Further decline could be expected over the next several weeks, and next target would be at 1.4000 area. Resistance levels are at 1.4550 and 1.4769, only break above these levels...