GBP/USD Forecast November 16, 2015, Technical Analysis
The GBP/USD pair went back and forth during the course of the day on Friday, forming a bit of a shooting star. The fact that we formed a shooting star right here at the 1.52 level, of...
Tag: GBPUSD
GBP/USD Forecast November 13, 2015, Technical Analysis
The USD/GBP pair initially fell during the course of the day on Thursday, breaking back below the 1.52 level. However, we found enough support below to turn things back around and form a significant hammer. The hammer...
GBP/USD Forecast November 12, 2015, Technical Analysis
The GBP/USD pair fell significantly during the course of the day on Wednesday, but then turned back around to slam into the 1.52 level. Ultimately, we ended up forming a bit of a hammer, and that of...
GBP/USD Forecast November 11, 2015, Technical Analysis
The GBP/USD pair initially tried to rally during the course of the session on Tuesday, but turned back around to form a shooting star. The shooting star of course signifies that we will more than likely search...
GBPUSD Weekly Analysis – November 8, 2015
GBPUSD’s downward movement from 1.5929 extended to as low as 1.5027. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance is located at the downward trend line...
GBP/USD Forecast November 9, 2015, Technical Analysis
Now that we have the jobs number out of the way on Friday, it appears that this market has decided it is going to go lower. In fact, the British pound not only sliced through the 1.52...
GBP/USD Forecast November 6, 2015, Technical Analysis
The GBP/USD pair fell significantly during the course of the session on Thursday as the Bank of England developed a somewhat dovish tone. With this, we fell immediately to the 1.52 level, which of course is massively...
GBP/USD Forecast November 5, 2015, Technical Analysis
The GBP/USD pair fell a bit during the course of the session on Wednesday, but as far as we can tell there is more than enough support below to keep this market afloat. This could be a...
GBPUSD Descending Channel (Nov 4, 2015)
GBPUSD has been trending lower on its 4-hour and 1-hour charts, moving inside a descending channel pattern. Price is currently testing the top of the range around the 1.5450 minor psychological level and might be due for...
GBP/USD Forecast November 4, 2015, Technical Analysis
The GBP/USD pair fell initially during the course of the session on Tuesday, but found enough support near the 1.5350 level to turn things back around and form a bit of a hammer. Because of this, it...