GBP/USD Forecast April 8, 2016, Technical Analysis
The GBP/USD pair went back and forth during the course of the day on Thursday, as we continue to see support above the 1.40 level. That being the case, it’s going to be a strong buy signal...
Tag: GBPUSD
GBP/USD Forecast April 7, 2016, Technical Analysis
The GBP/USD pair initially fell during the course of the day on Wednesday, but found enough support at the 1.40 level to turn things around drastically and form a nice-looking hammer. The hammer of course suggesting that...
GBP/USD Forecast April 6, 2016, Technical Analysis
The GBP/USD pair fell during the course of the day on Tuesday, as we continue to bang around in a consolidation area in this market. Ultimately this is a market that seems like it is going to...
GBP/USD Forecast April 5, 2016, Technical Analysis
The GBP/USD pair went back and forth during the course of the day on Monday, as we gained some of the losses from the Friday session. This is a market that continues to grind sideways overall, with...
GBP/USD Forecast April 4, 2016, Technical Analysis
The GBP/USD pair fell during the course of the day on Friday, as the nonfarm payroll numbers came out. Nonetheless, we are most certainly in a range anyways, with the 1.45 level above being the ceiling while...
GBPUSD Weekly Analysis – April 3, 2016
GBPUSD continued its sideways movement in a range between 1.3835 and 1.4668. Key resistance is at 1.4668, as long as this level holds, the sideways movement could be treated as consolidation of the downtrend from 1.5929 (Jun...
GBP/USD Forecast April 1, 2016, Technical Analysis
The GBP/USD pair initially tried to rally, but it did get back about half of the gains from the session on Thursday. With this, it looks as if the market is probably going to continue to bounce...
GBP/USD Forecast March 30, 2016, Technical Analysis
The GBP/USD pair initially fell during the day on Tuesday, but turned around to break to the 1.44 level. At this point in time, the 1.45 level is massively resistive, so we need to break above there...
GBP/USD Forecast March 29, 2016, Technical Analysis
The GBP/USD pair broke higher during the course of the session on Monday, as we continue to bounce around in the overall consolidation area. We have massive support near the 1.40 level, and massive resistance near the...
GBPUSD Weekly Analysis – March 27, 2016
GBPUSD moved sideways in a range between 1.3835 and 1.4668. As long as 1.4668 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.5929 (Jun 18, 2015 high), and...