The GBP/USD pair initially tried to rally on Monday, but then turned back around to fall significantly. It looks as if we are heading down to the 1.5 level, which of course has some psychological significance but...
GBPUSD is in a descending wedge pattern on daily chart. Further decline would likely be seen over the next several weeks, and the target would be at 1.4700 – 1.4800 area. Near term resistance is at the...
The GBP/USD pair fell slightly during the course of the session on Friday, as we collected some of the gains from the Thursday session. Ultimately though, we recognize that the market had a very bullish run recently,...
The GBP/USD pair initially fell during the day on Thursday but then shot right through the 1.50 level like it wasn’t even there. As we started to close towards the end of the day, we are starting...
The GBP/USD pair went back and forth during the course of the session on Tuesday, showing quite a bit of volatility, yet lack of real direction for the day. Ultimately though, we prefer selling this market so...
The GBP/USD pair went back and forth on Monday, but ultimately settled on a fairly neutral looking candle just above the 1.50 level. It’s an obvious large, round, psychologically significant number, so a bounce off of the...
GBPUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.5929. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
The GBP/USD pair broke down below the bottom of three separate hammers during the session on Friday, testing the 1.50 level. If we can get below the bottom of the range at the 1.50 level, we feel...
The GBP/USD pair fell initially during the day on Thursday, but just as we have seen all week, this market found buyers and we turned back around to form a hammer yet again. Because of this, we...
The GBP/USD pair initially fell during the course of the day on Wednesday, but as you can see turned back around to form a bit of a hammer. The hammer of course is a bullish sign, and...
