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). Further decline could...
GBPUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.7190, the rise from 1.5541 could be treated as consolidation of the downtrend. As long as the trend line resistance holds, the...
The GBP/USD pair went back and forth during the session on Friday as the 1.57 level continues to be an area of interest. There is a significant amount resistance all the way to the 1.60 level, so...
The GBP/USD pair initially fell during the course of the session on Thursday, but found enough support below to turn things back around and form a little bit of a hammer. The hammer sits just below the...
GBPUSD is forming a sideways consolidation in a range between 1.5541 and 1.5825. As long as 1.5825 resistance holds, the downtrend from 1.6182 (Oct 28 high) could be expected to resume, and next target would be at...
The GBP/USD pair pulled back during the session on Wednesday, but then went much higher and hit the 1.57 level. We believe that there is a significant amount resistance in this general vicinity though, and as a...
GBPUSD’s rise from 1.5541 extended to as high as 1.5756. Range trading between 1.5541 and 1.5825 could be seen over the next several days. As long as 1.5825 resistance holds, the price action in the range could...
The GBP/USD pair initially broke higher during the course of the session on Tuesday, and as a result ran into significant resistance at the 1.57 level. That area of course turned the market back around, and as...
GBPUSD broke above the downward trend line on 4-hour chart, indicating that lengthier consolidation of the downtrend from 1.6182 (Oct 28 high) is underway. Range trading between 1.5541 and 1.5825 could be seen over the next several...
The GBP/USD pair broke higher during the course of the session on Monday, but is right in the middle of the previous consolidation area so we feel it’s only a matter time before the resistance comes into...
