GBPUSD stays below the downward trend line on daily chart, and remains in downtrend from 1.7190, and the fall extended to as low as 1.5592. As long as the trend line resistance holds, the downtrend could be...
The GBP/USD pair fell during the course of the session on Friday, but bounced enough to form a nice-looking hammer. This of course suggests that we could get a little bit of a bounce but we would...
Here are the Top 5 Forex Developments for the trading week between 11/10/14 and 11/14/14: Number One: Eurozone GDP Everyone expected bleak figures out of the Eurozone and dark clouds hovered over today’s GDP report for the...
GBPUSD’s downward movement from 1.6182 extended to as low as 1.5677. Further decline could be expected, and next target would be at 1.5500 area. Resistance is now located at the downward trend line on 4-hour chart, only...
GBPUSD broke below 1.5790 support, and continued its downward movement from 1.6182, and the fall extended to as low as 1.5759. Resistance is at 1.5944, as long as this level holds, the downtrend could be expected to...
The GBP/USD pair broke higher during the course of the day on Tuesday, showing that there is in fact some buyers out there. However, we see a significant amount of resistance above, and as a result it...
GBPUSD broke above this upper line of the price channel on 4-hour chart, indicating that the downtrend from 1.6182 had completed at 1.5790 already. Further rise would likely be seen, and the target would be at 1.6100...
The GBP/USD pair broke down during the course of the day on Monday, as we continue the downtrend. The downtrend has been fairly strong, and we have broken down below significant support. Because of this, we feel...
GBPUSD remains in downtrend from 1.6182, as long as the channel resistance holds, the rise from 1.5790 could be treated as consolidation of the downtrend. Further decline would likely be seen, and next target would be at...
GBPUSD is in downtrend from 1.6182, the rise from 1.5790 is likely consolidation of the downtrend. Resistance is located at the downward price channel on 4-hour chart. As long as the channel resistance holds, the downtrend could...
