GBP/USD Forecast December 2, 2014, Technical Analysis
The GBP/USD pair shot much higher during the course of the day on Monday, testing the 1.57 region. It is a fairly strong candle, but at the end of the day we should find some type of...
Tag: GBPUSD
GBPUSD Daily Analysis – December 2, 2014
After touching 1.5590 support, GBPUSD bounced back into the trading range between 1.5590 and 1.5825, indicating that lengthier consolidation for the downtrend from 1.6182 is needed. However, as long as 1.5825 resistance holds, the downtrend could be...
GBPUSD Daily Analysis – December 1, 2014
GBPUSD broke below 1.5590 support, indicating that the downtrend from 1.6182 has resumed. Further decline could be expected, and next target would be at 1.5400 area. Resistance is at 1.5670, only break above this level will indicate...
GBPUSD Weekly Analysis – November 30, 2014
GBPUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.7190. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
GBP/USD Forecast December 1, 2014, Technical Analysis
The GBP/USD pair fell during the course of the day on Friday, testing the lows yet again. Because of this, we feel that it’s only a matter of time before the GBP/USD pair will head to the...
GBP/USD Forecast November 26, 2014, Technical Analysis
The GBP/USD went back on forth on Tuesday, but continues to struggle at the 1.57 level. The area just above should continue to offer resistance, and we feel that the 1.60 level is where the resistance goes...
GBPUSD Daily Analysis – November 26, 2014
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 1.5590 could be treated as consolidation of the downtrend from 1.6182, another fall...
GBP/USD Forecast November 25, 2014, Technical Analysis
The GBP/USD pair fell during the initial part of the session on Monday, and then bounced to form a hammer. We are just below the 1.57 level, so it appears that the market is going to run...
GBPUSD Daily Analysis – November 24, 2014
GBPUSD remains in downtrend from 1.6182, the rise from 1.5590 is likely consolidation of the downtrend. Resistance is located at the falling trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend...
GBPUSD Weekly Analysis – November 23, 2014
GBPUSD remains in downtrend from 1.7190. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.5000 area. On the upside, a clear break above the...