GBPUSD remains in downtrend from 1.5785, the price action from 1.5034 is likely consolidation of the downtrend. Near term resistance is at the top of the price channel on 4-hour chart, as long as the channel resistance...
GBPUSD’s downward movement from 1.5785 extended to as low as 1.4950. Further decline could be expected, and next target would be at 1.4700 area. Resistance levels are at 1.5100 and 1.5268, only break above these levels could...
GBPUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.7190 (Jul 15, 2014 high), and the downward movement extended to as low as 1.4950. As long as the trend line resistance...
The GBP/USD pair went back and forth during the course of the session on Friday, testing the 1.50 level. However, we did form a little bit of a supportive candle, so if we break the top of...
The GBP/USD pair initially tried to rally during the course of the session on Thursday, but fell and crashed down towards the 1.50 level. This is a major support area, so we need to see some type...
GBPUSD broke below 1.5034 support, and the downward movement from 1.5785 extended to as low as 1.4971. Further decline could be expected, and next target would be at 1.4700 area. Key resistance is at 1.5268, only break...
The GBP/USD pair initially fell during the course of the day on Wednesday, but as you can see found support below to turn things back around and form a hammer. The hammer of course is a very...
GBPUSD moved sideways in a range between 1.5034 and 1.5268. The price action in the range is likely consolidation of the downtrend from 1.5785. As long as 1.5268 resistance holds, the downtrend could be expected to resume,...
The GBP/USD pair broke higher during the course of the session on Tuesday as we continue to consolidate. With that being the case, we continue to see this market bounced around and also recognize that the 1.50...
GBPUSD is forming a sideways consolidation of the downtrend from 1.5785. Range trading between 1.5034 and 1.5300 would likely be seen in a couple of days. Resistance is at 1.5300, as long as this level holds, the...
