GBPUSD’s fall from 1.5814 extended to as low as 1.5170. As long as 1.5080 support holds, the fall could be treated as correction of the uptrend from 1.4565, another rise towards 1.6500 could be expected after correction....
The GBP/USD pair initially fell during the course of the session on Friday, in response to a stronger than anticipated jobs number out of America. However, you can see that we bounce significantly off of the 1.52...
The GBP/USD pair initially rallied during the session on Thursday, but then turned back around to form a bit of a shooting star. However, we believe that a lot of the selling pressure probably was due to...
GBPUSD has been trading in a downtrend recently, creating a descending trend line on its 4-hour forex chart. The pair is testing the falling resistance area at the moment, as it lines up with the longer-term exponential...
The GBP/USD pair broke higher after initially falling during the session on Wednesday. Ultimately, we ended up forming a hammer, which of course is a very positive sign. On top of that, it was at the top...
The GBP/USD pair fell during the day on Monday, dipping below the 1.52 level at one point. This market looks like it is heading towards the 1.51 level below, so we are still bearish as we are...
GBPUSD has been treading lower on its 1-hour chart, forming a descending trend channel with resistance at the short-term exponential moving average. The short-term EMA has been moving below the long-term EMA on the same time frame,...
No changed in our view, GBPUSD remains in uptrend from 1.4565, the pullback from 1.5814 would possibly be correction of the uptrend. Support is at 1.5080, as long as this level holds, the uptrend could be expected...
The GBP/USD pair initially fell during the course of the session on Friday, testing the 1.5250 level. This is an area that could cause a little bit of a bounce, but quite frankly we are not ready...
The GBP/USD pair went back and forth during the course of the day on Thursday, forming a slightly negative candle. However, we believe that this market should continue to drift a little bit lower but anticipate that...
