GBPUSD is now in uptrend from 1.4950, the fall from 1.5351 is likely consolidation of the uptrend. Near term support is at the bottom of the price channel on 4-hour chart, as long as the channel support...
The GBP/USD pair fell during the course of the session on Monday, testing the 1.52 level. This was the area that had offered so much resistance previously, so the fact that we came back to test it...
GBPUSD broke above 1.5268 resistance, indicating that the downtrend from 1.5785 (Dec 16, 2014 high) had completed at 1.4950 already. Further rise is still possible, and next target would be at 1.5500 area. Support levels are at...
The GBP/USD pair fell during the course of the day on Friday, testing the 1.52 handle. That was a place we broke out of on Thursday, so it makes sense that we would retested. However, there isn’t...
GBPUSD is facing the resistance of the downward trend line on daily chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.4500 area. However,...
The GBP/USD pair broke higher during the course of the session on Thursday as we broke out above the recent consolidation area. It does appear that the British pound is ready to strengthen a bit but we...
GBPUSD is facing 1.5268 resistance, as long as this level holds, the sideways movement in the range between 1.4950 and 1.5268 could be treated as consolidation of the downtrend from 1.5785 (Dec 16, 2014 high), and another...
The GBP/USD pair broke higher during the course of the session on Tuesday, as we continue to consolidate just above the 1.50 level. That area is of course a massively supportive region, and therefore we think that...
GBPUSD stays in the trading range between 1.4950 and 1.5268. As long as 1.5268 resistance holds, the price action from 1.5034 could be treated as consolidation of the downtrend from 1.5785 (Dec 16, 2014 high), and another...
The GBP/USD pair fell during the course of the session on Monday, but found the 1.50 level to be supportive enough to cause a little bit of a bounce again. With that being the case, we feel...
