GBP/USD Forecast February 17, 2016, Technical Analysis

by FX Empire | February 17, 2016 8:25 am
The GBP/USD pair initially tried to rally during the course of the day here on Tuesday, but turned back around to form a very negative candle. With that being the case, now looks as if the GBP/USD...

GBPUSD Bearish Flag (Feb 17, 2016)

by Kate Curtis | February 17, 2016 5:02 am
GBPUSD suffered a sharp selloff in recent trading and is currently consolidating. A bearish flag continuation pattern can be seen on the 1-hour time frame, signaling another round of potential losses for the pair.  The mast of...

GBP/USD Forecast February 16, 2016, Technical Analysis

by FX Empire | February 16, 2016 7:08 am
The GBP/USD pair fell during the course of the day on Monday, but we still remain above the 1.44 level at this point in time. That of course is a sign that we remain within consolidation, so...

GBPUSD Weekly Analysis – February 14, 2016

by ForexCycle.com | February 14, 2016 5:01 am
GBPUSD remains in downtrend from 1.5929 (Jun 18, 2015 high), the rise from 1.4080 is likely consolidation of the downtrend. Range trading between 1.4080 and 1.4600 would likely be seen in a couple of weeks. Resistance is...

GBP/USD Forecast February 15, 2016, Technical Analysis

by FX Empire | February 13, 2016 4:56 am
The GBP/USD pair rose during the day on Friday, but it still looks like we are ready to go sideways as the market is simply hovering around the 1.45 level. The weekly candle of course is a...

GBP/USD Forecast February 12, 2016, Technical Analysis

by FX Empire | February 12, 2016 6:47 am
The GBP/USD pair fell during the day on Thursday but did find enough support at 1.44 to turn things around and form a little bit of a hammer. Ultimately, it looks as if the market is ready...

GBP/USD Forecast February 11, 2016, Technical Analysis

by FX Empire | February 11, 2016 8:05 am
The GBP/USD pair rose slightly during the course of the day on Wednesday, breaking above the 1.45 level again. Quite frankly, this is a market that although it looks like it is somewhat supported here, there is...

GBP/USD Forecast February 10, 2016, Technical Analysis

by FX Empire | February 10, 2016 11:22 am
The GBP/USD pair went back and forth during the course of the day on Tuesday, as we continue to bounce off of the 1.44 handle. Quite frankly, there is a significant amount of support just below, so...

GBPUSD Rising Channel (Feb 10, 2016)

by Kate Curtis | February 10, 2016 3:47 am
GBPUSD has sold off recently but is still gradually trading higher on the 1-hour time frame. A rising channel can be seen connecting the latest lows and highs of price action.   Price is currently testing the...

GBP/USD Forecast February 9, 2016, Technical Analysis

by FX Empire | February 9, 2016 6:43 am
The GBP/USD pair fell initially during the course of the day on Monday, but found enough support near the 1.44 level to turn things back around. By doing so, the market looks as if it is trying...