The GBP/USD pair initially tried to rally during the course of the day on Monday but found the 1.55 level far too resistive to continue going higher. In fact, we did up pulling back enough to form...
GBPUSD remains in downtrend from 1.5929. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance is located at the top of the price channel on daily chart,...
The GBP/USD pair broke higher during the course of the session on Friday, as we continue to look very bullish. If we can break above the 1.55 handle though, the market should continue to go much higher....
The GBP/USD pair bounced enough during the session on Thursday in order to form a rather positive looking candle. However, breaking above the 1.53 level is simply smalltime in our opinion. Because of this, we have no...
The GBP/USD pair fell during the course of the day on Tuesday, but did bounce a little bit towards the end. Nonetheless, this looks like a market that although soft, isn’t quite ready to go anywhere yet....
GBPUSD stays in the downward price channel on daily chart, and remains in downtrend from 1.5929. Resistance is at the top of the channel. As long as the channel resistance holds, the downtrend could be expected to...
The GBP/USD pair fell significantly during the day on Friday, as we slammed into the 1.53 level. Because of this, we feel that the market will continue to drift lower and eventually hit the 1.52 level. That...
The GBP/USD pair initially tried to rally during the course of the session on Thursday but then turned back around at the 1.55 level yet again. With this, the market looks as if it is ready to...
The GBP/USD pair went back and forth during the course of the session on Wednesday, showing quite a bit of indecision. However, we recognize that the 1.55 level above is resistive, so it is not until we...
The GBP/USD pair went back and forth during the course of the day on Tuesday, as we continue to test the 1.55 level. That being the case, it looks as if the market is still trying to...
