GBPUSD broke below 1.5165 support, indicating that the downtrend from 1.5929 has resumed. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance levels are at 1.5400 and...
The GBP/USD pair fell during the course of the session on Friday, and as a result it looks like the market is ready to break down even farther. If we can break down below the bottom of...
The GBP/USD pair initially fell during the course of the day on we feel that a break above the top of the hammer is a buying opportunity for the short-term traders only. We think that eventually any...
The GBP/USD pair fell during the course of the day on Wednesday, testing the 1.52 level. With that, the market looks as if the market is going to try to break down below there, but a short-term...
GBP/USD pair fell during the course of the session on Tuesday, slicing through the 1.54 level. We ultimately believe that this market will continue to go lower based upon the candle, and a break down below the...
The GBP/USD pair fell during the course of the day on Monday after initially trying to break back above the top of the previous uptrend line. With this, the market looks very negative at this point in...
GBPUSD seems to be starting a new trend on its 1-hour forex chart, as the recent highs and lows can be connected using an ascending channel. Price just bounced off the channel resistance and may make its...
GBPUSD remains in downtrend from 1.5929, the rise from 1.5165 is likely consolidation of the downtrend. Further decline is possible and next target would be at 1.4700 area. Key resistance is at 1.5929, only break above this...
The GBP/USD pair broke higher during the course of the session on Friday, but turned back around to form a massive shooting star. With this being the case, the uptrend line that had recently kept the market...
The GBP/USD pair shot higher during the course of the session on Wednesday, crashing into the 1.55 handle. This is significant resistance, and then of course just above there is an uptrend line that previously was broken...
