The GBP/USD pair fell initially during the course of the session on Thursday, dipping below the 1.50 handle. However, the market turned back around and shot straight up in order to form a nice-looking hammer. This hammer...
The GBP/USD pair rallied during the session on Wednesday, breaking above the 1.50 level. With that, it appears of the market is trying to break out to the upside but we are not buyers until we get...
A double bottom reversal pattern can clearly be seen on Cable’s 4-hour forex chart, indicating that a long-term rally might take place. Price is currently testing the neckline of the pattern around the 1.5000 major psychological resistance....
The GBP/USD pair initially rallied during the session on Tuesday, but found a bit of resistance as we started to approach the 1.50 level. This is an area that should continue to be massively resistive, so we...
The GBP/USD pair fell during the course of the session on Monday, but more importantly broke down below the bottom of the shooting star from Friday. Because of this, we have become bearish of this pair yet...
GBPUSD remains in downtrend from 1.7190 (Jul 15, 2014 high), the rise from 1.4565 is likely consolidation of the downtrend. Resistance is located at the top of the price channel on daily chart, as long as the...
The GBP/USD pair initially broke higher during the course of the session on Friday, but as you can see struggled at the 1.50 level. By doing so, the market turned back around and formed a shooting star...
The GBP/USD pair rose again during the session on Thursday, as we start to get fairly close to the 1.50 handle. This is an area that should be rather resistive, so we will have to wait to...
The GBP/USD pair initially fell during the session on Wednesday, but found enough momentum to the upside to break above the 1.48 handle. This of course is a significant breakout in terms of the beginning of the...
The GBP/USD pair initially fell during the course of the session on Tuesday, testing the 1.46 level for support. With this, the market turned back around and Rose all the way to the 1.48 level. This was...
