GBPUSD stays in the trading range between 1.5874 and 1.6226. The price action in the range is likely consolidation of the downtrend from 1.6524, another fall to 1.5600 area is still possible after consolidation, and a breakdown...
No changed in our view, GBPUSD remains in downtrend from 1.7190, the price action from 1.6051 could be treated as consolidation of the downtrend. Key resistance is at 1.6524, as long as this level holds, the downtrend...
The GBP/USD pair went back and forth during the course of the session on Friday, hanging about the 1.60 handle. The resulting candle is a hammer, and as a result if we break above the top of...
GBPUSD has been moving sideways for most of the month and has recently found support at the bottom of the range once more. Price bounced off the 1.5950 minor psychological support level and may be headed for...
GBPUSD moved sideways in a trading range between 1.5874 and 1.6226. As long as 1.6226 resistance hold, the sideways movement could be treated as consolidation of the downtrend from 1.6524, another fall to 1.5600 area could be...
The GBP/USD pair fell hard during the course of the day on Wednesday after the Federal Reserve released a fairly hawkish statement. However, the 1.60 level is significant support, so one has to wonder whether or not...
GBPUSD failed to break above 1.6226 resistance, indicating that the pair remains in downtrend from 1.6524, and the sideways movement from 1.5951 could be treated as consolidation of the downtrend. Further decline to test 1.5874 support would...
GBPUSD is facing 1.6226 resistance again, a break of this level will indicate that the downtrend from 1.6524 had completed at 1.5874 already, then further rise to 1.6400 area could be seen. On the downside, as long...
The GBP/USD pair initially rallied during the session on Monday, but as you can see pullback to form a shooting star. Because of this, the market could very well drop from here but we recognize that the...
GBPUSD remains in downtrend from 1.6524, the sideways movement from 1.5951 could be treated as consolidation of the downtrend. Resistance is at 1.6226, as long as this level holds, the downtrend could be expected to resume, and...
