GBPUSD broke below 1.4080 support, indicating that the downtrend from 1.5929 (Jun 18, 2015 high) has resumed. Further decline could be expected, and next target would be at 1.3000 area. Resistance levels are at 1.4300 and 1.4668,...
The GBP/USD pair initially tried to rally during the course of the session here on Friday, but found the area above the 1.40 level be far too resistive to continue going higher. Because of this, looks as...
The GBP/USD pair went back and forth during the course of the day on Thursday, bouncing around underneath the 1.40 level. With that, the market looks likely to continue to struggle, as the United Kingdom should make...
The GBP/USD pair fell significantly during the course of the day on Wednesday, breaking below the 1.40 level. By doing so, the market looks as if it is vulnerable to the downside and a break of the...
The GBP/USD pair fell during the course of the day on Tuesday, testing the 1.40 level below. Once we get below there though, the market should continue to go even lower. Rallies at this point in time...
The GBP/USD pair fell rather hard during the course of the day on Monday, killing very close to the 1.40 level. We did bounce though, so it’s very likely that we are going to get a little...
GBPUSD is forming a sideways consolidation in a range between 1.4080 and 1.4668. As long as 1.4668 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.5929 (Jun 18, 2015 high), further...
The GBP/USD pair initially fell during the day on Friday but found enough support near the 1.4250 level to turn things around and form a bit of a hammer. At this point in time, it looks like...
The GBP/USD pair initially tried to rally during the day on Thursday, but turned back around to form a bit of a shooting star. The shooting star of course is a negative sign, and that of course...
The GBP/USD pair went back and forth during the course of the session on Wednesday, as we continue to bounce around near the 1.43 handle. Because of this, it looks as if the market is going to...
