The GBP/USD pair broke higher during the course of the session on Monday, slicing back above the 1.48 level. That being the case, the market looks as if we are testing the resistance barrier that extends all...
GBPUSD continued its downward movement from 1.5551, and the fall extended to as low as 1.4698. Further decline could be expected after a minor consolidation, and next target would be at 1.4500 area. Resistance is now at...
GBPUSD broke below 1.4950 support, and the downward movement from 1.7190 (Jul 15, 2014 high) extended to as low as 1.4698. Further decline could be expected after a minor consolidation, and next target would be at 1.4000...
The GBP/USD pair broke down during the session on Friday, slicing through the 1.48 level. The 1.48 level was the bottom of the supportive zone that we had talked about previously, and now it looks like the...
The GBP/USD pair initially tried to break out to the upside and above the 1.50 level on Thursday, but struggled and turned back around to form a massive shooting star. Because of this, we feel that the...
GBPUSD’s downward movement from 1.5551 extended to as low as 1.4849. Resistance is now at 1.5050, as long as this level holds, the downtrend could be expected to continue and next target would be at 1.4500 area....
The GBP/USD pair broke down during the course of the day on Wednesday, slicing through the 1.50 level finally. This is a massive support level on the longer-term charts, and of course a large, round, psychologically significant...
GBPUSD remains in downtrend from 1.5551, and the downward movement extended to as low as 1.4893. Further decline could be expected after a minor consolidation, and next target would be at 1.4500 area. Resistance is at 1.5050,...
The GBP/USD pair broke down during the session on Tuesday, only to find support just above the 1.50 level again, and bounce. The bounce formed the hammer that you see on the chart now, and as a...
GBPUSD’s downward movement from 1.5551 extended to as low as 1.5028. Further decline to test 1.4950 support would likely be seen. Resistance is at 1.5150, only break above this level could signal completion of the downtrend.
