The GBP/USD pair fell significantly during the session on Monday, but turned back around to form a large hammer. With this, it looks like we are trying to break out to the upside but there is a...
GBPUSD is now in downtrend from 1.5929. Further decline could be expected after a minor consolidation, and next target would be at 1.4700 area. Resistance is at 1.5500, only break above this level could trigger another rise...
The GBP/USD pair fell during the course of the session on Friday, but found enough buyers and the 1.54 level to form a hammer. However, there is still a significant amount of resistance above at the 1.55...
The GBP/USD pair broke higher during the course of the session on Thursday, but remains very resisted at the 1.550 level. That’s an area that was supportive in the past, and the fact that we pulled back...
The GBP/USD pair fell during the day on Wednesday, as we pulled back from the gains that we have had over the last couple of days. With that, the market looks as if today will be a...
The GBP/USD pair broke higher during the course of the day on Tuesday, testing the 1.54 level. However, we have recently broke down below and uptrend line that was very important, so we are not willing to...
The GBP/USD pair bounced at the open on Monday, breaking well above the 1.5250 level. However, we recognize that this market has recently broken down significantly, and even though the 1.52 level looks to be rather supportive,...
GBPUSD broke below 1.5170 support, indicating that the uptrend from 1.4565 had completed at 1.5929 already. Further decline could be expected over the next several weeks, and next target would be at 1.4700 area. Resistance is at...
The GBP/USD pair fell on Friday, as the market reacted to the jobs number. This market tested the 1.52 level for support and found it – kind of. With this though, it looks as if the market...
GBPUSD has been selling off on the short-term charts but is currently approaching the bottom of the range visible on the daily time frame. Price could bounce off the floor around the 1.5100-1.5200 levels, which have held...
