GBP/USD Forecast March 3, 2015, Technical Analysis
The GBP/USD pair fell during the session on Monday, as we head towards the 1.53 handle. If we can break below this level, the market should then head down to the 1.50 and although it should be...
Tag: GBPUSD
GBPUSD Daily Analysis – March 3, 2015
GBPUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.4950 had completed at 1.5551 already. Further decline could be expected, and next target would be at 1.5100 area. Resistance levels are...
GBPUSD Daily Analysis – March 2, 2015
GBPUSD is testing that support of the upward trend line on 4-hour chart. As long as the trend line support holds, the fall from 1.5551 could be treated as consolidation of the uptrend from 1.4950, one more...
GBPUSD Weekly Analysis – March 1, 2015
GBPUSD continued its upward movement from 1.4950, and the rise extended to as high as 1.5551. Further rise is still possible, and next target would be at 1.5700 area. Near term support is now at 1.5300, only...
GBP/USD Forecast February 27, 2015, Technical Analysis
The GBP/USD pair fell hard during the session on Thursday, forming a massively large red candle. With that, we feel that the market is getting ready to break down from here and that the 1.55 level has...
GBPUSD Ascending Channel (Feb 27, 2015)
GBPUSD just bounced off resistance at the rising channel on its 1-hour forex chart and is currently testing the bottom of the range. At the same time, a bullish divergence is playing out, after stochastic made lower...
GBPUSD Daily Analysis – February 27, 2015
GBPUSD is facing the support of the upward trend line on 4-hour chart, a clear break below the trend line support will indicate that the uptrend from 1.4950 had completed at 1.5551 already, then deeper decline to...
GBP/USD Forecast February 26, 2015, Technical Analysis
The GBP/USD pair broke out during the session on Wednesday, breaking above the 1.55 level. That being the case, the market looks like it’s ready to go higher and head to the 1.58 level. However, there is...
GBPUSD Daily Analysis – February 26, 2015
GBPUSD’s upward movement from 1.4950 extended to as high as 1.5551. Further rise could be expected, and next target would be at 1.5650 area. Support is located at the upward trend line on 4-hour chart, only a...
GBPUSD Rising Channel Resistance (Feb 25, 2015)
GBPUSD is currently trading in an uptrend, as a rising channel can be drawn on its 1-hour forex chart. At the moment, the pair is approaching the channel resistance while stochastic is indicating that pound bulls are...