GBPUSD broke below 1.6051 support, indicating that the downtrend from 1.7190 (Jul 15 high) has resumed. Further decline could be expected after a minor consolidation, and next target would be at 1.5600 area. Resistance levels are at...
GBPUSD broke below 1.6051 support, indicating that the downtrend from 1.7190 has resumed. Further decline could be expected, and next target would be at 1.5500 area. Near term resistance is at 1.6100, only break above this level...
The GBP/USD pair fell hard during the course of the session on Friday, crashing through the 1.60 level. By doing so, it appears that we are heading back down towards the 1.58 level, and then possibly the...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6524, and the fall extended to as low as 1.6112. Deeper decline to test 1.6051 support would likely be seen, a breakdown...
The GBP/USD pair tried to rally during the course of the day on Wednesday, but failed at the 1.63 region. By doing so, we ended up forming a shooting star, and that of course is a fairly...
GBPUSD remains in downtrend from 1.6524, deeper decline is still possible and next target would be at 1.6100 area. Resistance is at 1.6290, only break above this level will indicate that the downtrend had completed at 1.6161...
The GBP/USD pair fell during the day on Tuesday, but found enough support at the 1.62 level to turn things back around and form a little bit of a hammer. With that being said, we feel that...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.6524. Further decline could be expected, and next target would be at 1.6100 area. Near term resistance is at the trend line,...
The GBP/USD pair rose during the course of the day on Monday, but as you can see ran into a bit of trouble at the 1.63 handle. With that, it appears that the market is ready to...
GBPUSD remains in downtrend from 1.6524, as long as 1.6340 resistance holds, the downtrend could be expected to continue, and next target would be at 1.6100 area. On the upside, a break above 1.6340 resistance will indicate...
