GBPUSD broke above the upper line of the price channel on 4-hour chart. Further rise to test 1.6226 resistance is possible, a break of this level will signal completion of the downtrend from 1.6524, then next target...
GBPUSD remains in downtrend from 1.6524, the price action from 1.5951 is likely consolidation of the downtrend. Near term resistance is located at the upper line of the price channel on 4-hour chart, as long as the...
GBPUSD’s downward movement from 1.7190 extended to as low as 1.5874. Further decline could be expected and next target would be at 1.5500 area. Near term resistance is at 1.6230, and the key resistance is at 1.6524,...
The GBP/USD pair went back and forth during the course of the session on Friday, essentially printing a very neutral candle. However, we feel bullish about this market now that we have formed a hammer from the...
The GBP/USD pair initially tried to fall during the course of the day on Thursday, but then surged higher to test the 1.61 level. That being the case, the markets look as if they are still fairly...
GBPUSD’s bounce from 1.5874 extended to as high as 1.6109. Further rise is still possible, and next target would be at the upper line of the price channel on 4-hour chart. However, as long as the channel...
GBPUSD remains in downtrend from 1.6524, the rise from 1.5874 is likely consolidation of the downtrend. Near term resistance is located at the upper line of the price channel on 4-hour chart, as long as the channel...
The GBP/USD pair broke down during the course of the day on Tuesday, testing the 1.59 level. That level of course offers last vestiges of support, but if we break down below there we should head to...
GBPUSD broke below 1.5951 support, indicating that the downtrend from 1.7190 (Jul 15 high) has resumed. Further decline could be expected, and next target would be at 1.5600 area. Resistance is at 1.6020, only break above this...
The GBP/USD pair fell during the course of the day on Monday, continuing to meander around the 1.6050 level. Because of this, we feel that the market is essentially one that’s going to go sideways for a...
