GBPUSD continued its sideways movement in a 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),...
GBPUSD moved sideways in a trading range between 1.4950 and 1.5268. As long as 1.5268 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.5785 (Dec 16, 2014 high),...
GBPUSD remains in downtrend from 1.7190 (Jul 15, 2014 high), the rise from 1.4950 is likely consolidation of the downtrend. Resistance is located at the downward trend line on daily chart, as long as the trend line...
The GBP/USD pair fell during the course of the session on Thursday, testing the 1.50 level yet again. That being the case it looks like we are going to continue to consolidate, but we will be paying...
GBPUSD failed to break above the top of the price channel on 4-hour chart, indicating that the price action from 1.5034 could be treated as consolidation of the downtrend from 1.5785, another fall to toward 1.4500 could...
The GBP/USD pair initially broke higher during the course of the session on Wednesday, but struggled a just below the 1.52 level. That area of course has offered resistance recently, so we can break the bottom of...
GBPUSD is testing the resistance of the top of the price channel on 4-hour chart. As long as the channel resistance holds, the price action from 1.5034 could be treated as consolidation of the downtrend from 1.5785,...
The GBP/USD pair broke higher during the course of the session on Tuesday, testing the 1.52 level. We believe that this market is still consolidating, so therefore we are not willing to buy it into we get...
GBPUSD is facing the resistance of the top of the price channel on 4-hour chart. As long as the channel resistance holds, the price action from 1.5034 could be treated as consolidation of the downtrend from 1.5785,...
The GBP/USD pair broke higher during the course of the session on Monday, as the 1.50 level looks a bit like a springboard. The spring board should send this market looking for the 1.53 handle, as it...
