GBPUSD is in short term uptrend from 1.4739. Further rise could be expected after a minor consolidation, and next target would be at 1.5100 – 1.5150 area. Support is now at 1.4835, only break below this level...
GBPUSD remains in downtrend from 1.7190 (Jul 15, 2014 high), the rise from 1.4534 is likely consolidation of the downtrend. Further rise to the top of the price channel to complete the consolidation is possible. As long...
The GBP/USD pair broke higher during the course of the session on Friday, as the market continues to find buyers just below the 1.48 handle. However, you have to keep in mind that there is significant resistance...
The GBP/USD pair broke down during the session initially on Thursday, but the 1.48 level offered enough support to turn things back around and form a hammer. The hammer of course suggests that we are going to...
GBPUSD remains in uptrend from 1.4634. Another rise could be expected, and the target would be at 1.5350 area. Resistance is at 1.5000, a break of this level could signal resumption of the uptrend. Key support is...
The GBP/USD pair fell during the course of the session on Wednesday, dipping well below the 1.48 level before finding support. That being the case, we ended up bouncing enough to form a bit of a hammer,...
GBPUSD remains in uptrend from 1.4634. Further rise could be expected, and the target would be at 1.5350 area. Resistance is at 1.5000, a break of this level could signal resumption of the uptrend. Key support is...
The GBP/USD pair rallied during the session on Tuesday, but lost about half of the gains. The area just above is massively resistive, so what we are waiting for is a break down below the bottom of...
No changed in our view, GBPUSD remains in uptrend from 1.4634. Further rise could be expected, and the target would be at 1.5350 area. Resistance is at 1.5000, a break of this level could signal resumption of...
The GBP/USD pair initially fell during the session on Monday, and sliced below the 1.48 level to start showing weakness. However, we found enough support there to turn things back around and form a hammer. This hammer...
