GBPUSD Double Bottom Pattern (Mar 23, 2015)
GBPUSD could be in for a reversal, as a double bottom pattern formed on its 1-hour forex chart. This could be a sign that the recent downtrend is already over as soon as price breaks past the...
Tag: GBPUSD
GBPUSD Weekly Analysis – March 22, 2015
GBPUSD remains in downtrend from 1.7190 (Jul 15, 2014 high), the rise from 1.4634 could be treated as consolidation of the downtrend. Resistance is located at the top of the price channel on daily chart, as long...
GBP/USD Forecast March 23, 2015, Technical Analysis
The GBP/USD pair broke higher during the course of the session on Friday, but remains below the 1.50 level. We think that there is enough resistance above that the market will more than likely continue to struggle...
GBP/USD Forecast March 20, 2015, Technical Analysis
The GBP/USD pair fell hard during the session on Thursday, completely reversing all of the gains that had been seen during the Wednesday session. Because of this, looks like the downtrend is ready to continue, and a...
GBPUSD Daily Analysis – March 20, 2015
GBPUSD is forming a sideways consolidation in a range between 1.4634 and 1.5162. The sideways movement could be expected to continue over the next several days. Resistance is at 1.5162, as long as this level holds, another...
GBP/USD Forecast March 19, 2015, Technical Analysis
The GBP/USD pair broke higher during the course of the session after initially falling on Wednesday, as we sliced through the 1.50 level. In fact, the surge was massive and as a result we anticipate quite a...
GBPUSD Daily Analysis – March 19, 2015
GBPUSD broke above 1.4900 resistance, indicating that the downtrend from 1.5551 had completed at 1.4634 already. The pair is now in uptrend, further rise would be expected after consolidation, and the target would be at 1.5350 –...
GBPUSD Major Correction (Mar 19, 2015)
GBPUSD made a strong bounce during the FOMC statement, as dollar bulls were disappointed to find out that the Fed lowered their growth and inflation forecasts. Although the statement no longer contained the “patient” wording in discussing...
GBP/USD Forecast March 18, 2015, Technical Analysis
The GBP/USD pair broke down during the session on Tuesday, slicing back below the 1.48 level. With that being the case, the market looks as if it’s ready to continue going lower, possibly down to the 1.45...
GBPUSD Daily Analysis – March 18, 2015
GBPUSD remains in downtrend from 1.5551, the rise from 1.4698 is likely consolidation of the downtrend. Resistance is at 1.4900, as long as this level holds, the downtrend could be expected to continue and next target would...