GBP/USD Forecast December 21, 2015, Technical Analysis

by FX Empire | December 19, 2015 2:59 pm
The GBP/USD pair went back and forth during the course of the session on Friday, as we continue to see quite a bit of bearish pressure. However, the 1.49 level below should continue to offer support, so...

GBP/USD Forecast December 18, 2015, Technical Analysis

by FX Empire | December 18, 2015 6:20 am
The GBP/USD pair initially tried to rally during the course of the day on Thursday but found more than enough resistance of the 1.50 level to turn things back around to fall significantly. We ended up forming...

GBP/USD Forecast December 17, 2015, Technical Analysis

by FX Empire | December 17, 2015 7:27 am
The GBP/USD pair initially fell during the course of the day on Wednesday, but struggled at the 1.50 level to continue. Ultimately, this is an area that should show quite a bit of support, but the FOMC...

GBP/USD Forecast December 16, 2015, Technical Analysis

by FX Empire | December 16, 2015 5:36 am
The GBP/USD pair broke down during the course of the day on Tuesday, as we continue to see quite a bit of volatility. However, the 1.50 level below is supportive, so we are quite ready to start...

GBP/USD Forecast December 15, 2015, Technical Analysis

by FX Empire | December 15, 2015 6:45 am
The GBP/USD pair fell significantly during the course of the session on Monday, testing the 1.51 area. However, we bounced enough to form a bit of a hammer so it looks like we are still trying to...

GBPUSD Weekly Analysis – December 13, 2015

by ForexCycle.com | December 13, 2015 1:21 pm
GBPUSD stays in a descending wedge pattern on daily chart, and remains in downtrend from 1.5929. Near term resistance is located at the upper border of the wedge, as long as the wedge resistance holds, the downtrend...

GBP/USD Forecast December 14, 2015, Technical Analysis

by FX Empire | December 12, 2015 2:09 pm
The GBP/USD pair broke higher during the course of the day on Friday, clearing the 1.52 level. We believe now that this pair will more than likely reach towards the 1.53 handle given enough time, and eventually...

GBP/USD Forecast December 11, 2015, Technical Analysis

by FX Empire | December 11, 2015 8:50 am
The GBP/USD pair had a pretty volatile session during the day on Thursday, initially falling all the way back down to the 1.51 level. However, by the time the day started to get close to closing, we...

GBP/USD Forecast December 10, 2015, Technical Analysis

by FX Empire | December 10, 2015 6:41 am
The GBP/USD pair broke higher during the course of the day on Wednesday as we used of the 1.50 level as a bit of a springboard. We broke above the top of the hammer from the previous...

GBP/USD Forecast December 9, 2015, Technical Analysis

by FX Empire | December 9, 2015 7:42 am
The GBP/USD pair initially fell during the day here on Tuesday, but found enough support below the 1.50 level to turn things back around and form a relatively positive looking hammer. The question now is whether or...