GBP/USD Forecast May 16, 2016, Technical Analysis
The GBP/USD pair broke down during the course of the session on Friday, clearing quite a bit of support. However, it looks as if we should continue to go lower than that as well, so with that...
Tag: GBPUSD
GBP/USD Forecast May 13, 2016, Technical Analysis
The GBP/USD pair initially fell during the day on Thursday but then turn right back around a break above the 1.45 level again. With this being the case, looks as if the British pound is going to...
GBP/USD Forecast May 12, 2016, Technical Analysis
The GBP/USD pair initially fell during the course of the session on Wednesday but bounced off of the 1.44 level in order to form a nice-looking hammer. The hammer of course is very interesting because it forms...
GBP/USD Forecast May 10, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the course of the session on Monday, and then turn right back around for most of the day and formed a shooting star. Ultimately, breakdown below the bottom of...
GBP/USD Forecast May 9, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the course of the day on Friday, but found the area above the 1.45 level as far too resistive to continue going higher. By doing so, looks as if...
GBPUSD Weekly Analysis – May 8, 2016
After touching 1.4668 resistance, GBPUSD pulled back from 1.4769, indicating that the upward movement from 1.3835 had completed 1.4769 already. Deeper decline could be expected over the next several weeks, and the target would be at 1.4100...
GBP/USD Forecast May 6, 2016, Technical Analysis
The GBP/USD pair broke down during the course of the day on Thursday, but still remains above the 1.44 level. That’s the area that we would have to break down in order for me to start selling...
GBP/USD Forecast May 5, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the day but then dipped below the 1.45 handle. Ultimately, we ended up forming something akin to a shooting star so it looks as if the market is trying...
GBPUSD Uptrend Correction (May 05, 2016)
GBPUSD has been trending higher recently, moving above a rising trend line on its 4-hour time frame. Price found resistance near the 1.4750 minor psychological level and seems to be in the middle of a correction. Applying...
GBP/USD Forecast May 4, 2016, Technical Analysis
The GBP/USD pair initially tried to rally during the day on Tuesday, but turned back around to form a very negative candle. The 1.45 level is offering support though, so this point in time not quite ready...