GBPUSD broke above the upper line of the price channel on 4-hour chart, indicating that lengthier consolidation for the downtrend from 1.5785 is needed. Range trading between 1.5034 and 1.5300 would likely be seen in a couple...
The GBP/USD pair initially fell during the course of the session on Monday, but as you can see found enough support to turn things back around and form a nice-looking hammer. With that, we believe that this...
GBPUSD is facing the resistance of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend from 1.5785 could be expected to continue, and next target would be at 1.4900 area. Key...
GBPUSD is showing signs of a pullback, as price previously found support near the 1.5000 major psychological level. Using the Fibonacci retracement tool on the latest swing high and low on the 4-hour time frame indicates that...
GBPUSD remains in downtrend from 1.5785, the rise from 1.5034 is likely consolidation of the downtrend. Near term resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance...
GBPUSD continued its downward movement from 1.7190 (Jul 15, 2014 high), and the fall extended to as low as 1.5034. Further decline could be expected after a minor consolidation, and next target would be at 1.4500 area....
The GBP/USD pair broke higher during the course of the session on Friday, clearing the top of the hammer that had formed for the session. With that being the case, the market ended up breaking out and...
The GBP/USD pair went back and forth during the course of the day on Thursday, forming a little bit of a hammer. That being the case, it looks as if the 1.50 level is in fact going...
GBPUSD’s downward movement from 1.5785 extended to as low as 1.5034. Further decline could be expected, and next target would be at 1.4900 area. Resistance levels are at 1.5170 and 1.5300, only break above these levels could...
The GBP/USD pair fell during the course of the session on Wednesday, but found a little bit of support near the 1.5050 handle. With that, it’s likely that the hammer that we are seeing at the end...
