The GBP/USD pair initially fell during the course of the session on Monday, but found enough support at the 1.55 level to turn things back around and form a nice-looking hammer. With that, it appears that the...
GBPUSD failed to break below 1.5080 support, and rebounded from 1.5170. Further rise to test 1.5814 resistance could be expected, a break of this level will indicate that the uptrend from 1.4565 has resumed, then next target...
The GBP/USD pair went back and forth during the course of the session on Friday, testing the 1.550 level for support. Ultimately, we did find support there and as a result the market looks like it’s ready...
The GBP/USD pair initially fell during the course of the day on Thursday, testing the 1.54 level for support. It did in fact find a down there, and now we are looking at a hammer for the...
GBPUSD is currently stalling at the 1.5500 area of interest once more, which has held as resistance then support in the past. This lines up with the 50% Fibonacci retracement level on the latest swing high and...
The GBP/USD pair broke higher and above the 1.55 level during the session on Wednesday, which of course is a very bullish sign. If we can break the top of the range for the day, we feel...
The GBP/USD pair initially fell during the day on Tuesday but found enough support just above the 1.52 level to turn things back around and form a hammer. The hammer suggests that we are going to try...
The GBP/USD pair initially fell during the day on Monday, but found the 1.52 level to be supportive enough to turn things back around. By doing so, we bounce all the way to the 1.5350 region, and...
GBPUSD could be done with its short-term selloff since the pair is creating a double bottom reversal formation on its 1-hour time frame. At the same time, the short-term simple moving average is crossing above the long-term...
GBPUSD could turn from its recent uptrend, as the pair is forming a reversal pattern on its 4-hour chart. Price is in the middle of completing the right shoulder of the head and shoulders formation and might...
