GBP/USD Forecast March 25, 2016, Technical Analysis
The GBP/USD pair rose during the course of the day after initially falling on Thursday, as we have quite a bit of support just below and extending all the way down to the 1.40 handle. A break...
Tag: GBPUSD
GBP/USD Forecast March 24, 2016, Technical Analysis
The GBP/USD pair initially fell during the day but did find a little bit of support near the 1.41 level below. That being the case, it looks like we will eventually find buyers in this general vicinity...
GBP/USD Forecast March 23, 2016, Technical Analysis
The GBP/USD pair fell during the day on Tuesday as we tested the 1.42 level. We had a pretty significant drop, but there is a significant amount of support just below though and as a result we...
GBP/USD Forecast March 22, 2016, Technical Analysis
The British pound fell during the course of the day on Monday, as the 1.45 level continues offer a bit of resistance. With this, it looks like the market is going to pull back and perhaps try...
GBPUSD Weekly Analysis – March 20, 2016
GBPUSD’s bounce from 1.3835 extended to as high as 1.4514. Further rise to test 1.4668 resistance could be seen next week, a break of this level will indicate that the downtrend from 1.5929 (Jun 18, 2015 high)...
GBP/USD Forecast March 17, 2016, Technical Analysis
The GBP/USD pair initially fell during the course of the day on Wednesday, but turned right back around to form a bit of a hammer. The hammer of course is one of the most positive candles at...
GBP/USD Forecast March 16, 2016, Technical Analysis
The GBP/USD pair fell during the course of the day on Tuesday, testing the 1.4150 region. Looking at this chart, it appears that we will probably try to get down to the 1.40 level, which is massively...
GBP/USD Forecast March 15, 2016, Technical Analysis
The GBP/USD pair fell slightly during the course of the session on Monday, as it looks like we have finally ran into enough resistance to turn the market back around. Ultimately, we believe that this market will...
GBPUSD Weekly Analysis – March 13, 2016
GBPUSD moved sideways in a range between 1.3835 and 1.4668 for several weeks. Key resistance is at 1.4668, as long as the level holds, the price action in the range could be treated as consolidation of the...
GBP/USD Forecast March 14, 2016, Technical Analysis
The GBP/USD pair broke higher during the course of the day on Friday, clearing the 1.43 level. Because of this, looks like we’re going to try to grind our way to the 1.45 handle given enough time,...