GBP/USD Forecast May 18, 2015, Technical Analysis
The GBP/USD pair tried to rally during the course of the day on Friday, but found the 1.58 level to be a bit too resistive. However, this market does look like it’s going to be bullish overall...
Tag: GBPUSD
GBP/USD Forecast May 14, 2015, Technical Analysis
The GBP/USD pair initially fell during the day on Wednesday, but found enough support to turn things back around and continue to go higher. Because of this, we feel that the pair will continue to go higher...
GBP/USD Forecast May 13, 2015, Technical Analysis
The GBP/USD pair broke higher during the course of the day on Tuesday, as we tested the 1.57 level. This is a market that is most certainly bullish at this point in time, so we are looking...
GBP/USD Forecast May 12, 2015, Technical Analysis
The GBP/USD pair broke higher during the course of the day on Monday, breaking above the 1.55 level. That is an area that has been massively resistive in the past, and as a result we feel that...
Long-Term Reversal on GBPUSD (May 12, 2015)
GBPUSD may be done with its long-term selloff, as the pair formed a reversal pattern on its daily time frame. An inverse head and shoulders can be seen and price is already testing the neckline around the...
GBPUSD Weekly Analysis – May 10, 2015
GBPUSD is facing 1.5551 key resistance again, a break of this level will indicate that the downtrend from 1.7190 (Jul 15, 2014 high) had completed at 1.4565 already, then the following upward movement could bring price to...
GBP/USD Forecast May 11, 2015, Technical Analysis
The GBP/USD pair went back and forth during the course of the day on Friday, testing the 1.55 level. That’s an area that has been resistive previously, and it certainly was on Friday. If we can break...
GBP/USD Forecast May 8, 2015, Technical Analysis
The GBP/USD pair initially fell during the day on Thursday, but found enough support at the 1.52 level to turn things back around and form a hammer. This hammer of course suggests that the market should go...
GBP/USD Forecast May 7, 2015, Technical Analysis
The GBP/USD pair had a pretty volatile session during the day on Wednesday as we continue to meander around the 1.52 region. This is a market that seems to be a bit confused, but right now it...
GBP/USD Forecast May 6, 2015, Technical Analysis
The GBP/USD pair broke higher during the course of the session on Tuesday, breaking above the 1.52 level at one point. However, it does look like we are starting to show strength and that’s what matters. On...