The GBP/USD pair fell during the day on Monday, forming a slightly bearish candle. However, we have a longer-term downtrend anyway, so quite frankly we believe that this market will continue to fall. A break down below...
GBPUSD remains in downtrend from 1.5929, the bounce from 1.4080 is likely consolidation of the downtrend. Another fall could be expected, and next target would be at 1.3700 area. Near term resistance is now at 1.4500, as...
The GBP/USD pair rallied during the session on Friday, but did struggle little bit towards the end of the day in order to form a somewhat exhaustive candle. This exhaustive candle suggests that perhaps we could pullback...
The GBP/USD pair initially fell during the day on Thursday, but found enough support near the 1.4050 level to turn things back around and form a significant looking hammer. However, there is quite a bit of bearish...
The GBP/USD pair had a slightly positive session on Wednesday, as the 1.42 level continues to attract a lot of attention in this market. At this point, we think that any rally should end up being a...
The GBP/USD pair initially tried to rally during the course of the day on Tuesday, but turned back around and fall significantly. We still believe that this market is going to eventually reach towards the 1.40 level,...
The GBP/USD pair initially tried to rally during the course of the session on Monday, but then turned back around to form a shooting star. The shooting star of course signifies that perhaps the downward pressure is...
GBPUSD’s downward movement from 1.5929 extended to as low as 1.4251. Near term resistance is at 1.4550, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.3700...
The GBP/USD pair fell rather hard during the course of the on Friday, making a fresh, new low. Because of that, the market looks as if it is ready to go much lower, perhaps heading down to...
The GBP/USD pair went back and forth during the course of the session on Thursday, but still shows a significant amount of resistance near the 1.45 handle. In fact, we believe that the resistance goes not only...
