The GBP/USD pair initially fell during the session on Monday, but found enough support below the 1.46 level to turn things back around and form a fairly positive looking candle. However, we think there’s enough resistance of...
GBPUSD broke below 1.4634 support. Further decline could be expected, and next target would be at 1.4400 area. Resistance is at 1.4735, only break above this level will indicate that the downtrend from 1.4994 is complete, then...
GBPUSD broke below 1.4634 support, indicating that the downtrend from 1.7190 (Jul 15, 2014 high) has resumed. Further decline could be expected, and next target would be at 1.4000 area. Near term resistance is at 1.4800, only...
The GBP/USD pair broke down during the course of the session on Friday, as we need a fresh, new low. Ultimately, we believe that this market heads down to the 1.45 level, and that rallies should offer...
The GBP/USD pair broke down during the session on Thursday, slicing all the way down to the 1.47 handle. The candle is long in red, so quite frankly it does look like we will more than likely...
The GBP/USD pair initially took off to the upside during the session on Wednesday, but found the area just below the 1.50 level to be resistive yet again and as a result the market fell. Because of...
The GBP/USD pair broke down during the course of the session on Tuesday, crashing into the 1.48 level. We haven’t broken down completely though, and as a result we believe that there could be a little bit...
GBPUSD moved sideways in a trading range between 1.4739 and 1.4994. Resistance is at 1.4994, a break of this level will signal resumption of the uptrend from 1.4634, then further rise to 1.5200 area could be seen....
The GBP/USD pair tried to rally during the course of the session on Monday, but found the 1.50 level to be a bit too resistive. Ultimately, we feel the market will then go back down to the...
GBPUSD failed to break above 1.5000 resistance, and stayed in the trading range between 1.4739 and 1.4994. Resistance is now at 1.4994, a break of this level will signal resumption of the uptrend from 1.4634, then next...
