GBP/USD fell during the session on Friday, but still remains within the general consolidation area that we have been in for some time. With that, we feel that the market will continue to grind sideways and therefore...
The GBP/USD pair as you can see initially fell during the session on Thursday, but turned back around to climb and continue to consolidate in the same general area we have been in for some time. Because...
GBPUSD failed to break below 1.5541 support, and stayed in the trading range between 1.5541 and 1.5825. Sideways movement in the range could be expected to continue in a couple of days. Key resistance is at 1.5825,...
The GBP/USD pair fell during the session on Wednesday, but for the third day in a row found support below. We ended up bouncing and forming a nice-looking hammer, and that of course suggests that the buyers...
GBPUSD is facing 1.5541 support, a breakdown below this level will indicate that the downtrend from 1.6182 (Oct 28 high) has resumed, then further decline to 1.5000 area could be seen. Resistance is at 1.5650, only break...
The GBP/USD pair as you can see initially fell during the session on Tuesday, and then broke much higher. However, the 1.58 level continues to offer resistance and therefore we are not ready to start buying yet....
GBPUSD has been stuck in a range on its 1-hour time frame, as the pair found support at the 1.5600 major psychological level and resistance at the 1.5750 minor psychological mark. Price recently bounced off the bottom...
GBPUSD continued its sideways movement in a 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 1.6182 (Oct 28 high),...
The GBP/USD pair fell hard during the session on Monday, but remains within the consolidation area that we have been in for some time. That being the case, the market looks as if it is ready to...
GBPUSD stays in the trading range between 1.5541 and 1.5825. The price action in the range is likely consolidation of the downtrend from 1.6182 (Oct 28 high), as long as 1.5825 resistance holds, the downtrend could be...
