GBPUSD is facing the resistance of the price channel on 4-hour chart, as long as the channel resistance holds, the rise from 1.5485 could be treated as consolidation of the downtrend from 1.5785, another fall towards 1.5000...
The GBP/USD pair broke lower during the session on Monday, testing the 1.55 level yet again. This is an area that we believe is going to be rather supportive, but ultimately we will continue to go lower....
GBPUSD stays in the downward price channel on 4-hour chart, and remains in downtrend from 1.5785. Further decline could be expected, and next target would be at 1.5000 area. Resistance is at the upper line of the...
GBPUSD is now in downtrend from 1.5785. Resistance is at the upper line of the price channel on 4-hour chart, as long as the channel resistance holds, the downtrend could be expected to continue, and next target...
After consolidation, GBPUSD continued its downward movement from 1.7190, and the fall extended to as low as 1.5485. Key resistance is at 1.5825, as long as this level holds, the downtrend could be expected to continue, and...
The GBP/USD pair broke higher during the course of the session on Wednesday, as we tried to bounce back into the previous consolidation area. Although we closed at the very top of the range for the session,...
The GBP/USD pair broke down during the session on Monday, testing the 1.5575 region. That being the case, it looks like we are trying to break down below support, and that the downward trend could continue. However,...
GBPUSD is facing 1.5541 support again, a breakdown below this level will signal resumption of the downtrend from 1.6182 (Oct 28 high), then the following downward movement could bring price to 1.5000 area. Resistance is at 1.5680,...
GBPUSD continued its sideways movement in a range between 1.5541 and 1.5825. As long as 1.5825 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 1.6182 (Oct 28 high), another fall towards...
GBPUSD moved sideways in a trading range between 1.5541 and 1.5825. As long as 1.5825 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.7190, further decline to 1.5000...
