GBPUSD’s downward movement from 1.6524 extended to as low as 1.6214. Resistance is at 1.6340, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.6100 area. Only...
GBPUSD remains in downtrend from 1.7190, the rise from 1.6051 is likely consolidation of the downtrend. Range trading between 1.6051 and 1.6700 would likely be seen over the next several weeks. Key resistance is at 1.6700, as...
The GBP/USD pair initially tried to rally during the session on Friday, but the weight of the downtrend continues to keep the buyers a bit calm. However, we feel that the 1.6250 level should continue to be...
The GBP/USD pair went back and forth during the course of the day, bouncing off of the 1.36 level. That being the case, the market looks as if it’s ready to try to find some type of...
GBPUSD is now in downtrend from 1.6524, and the fall extended to as low as 1.6276. Further decline could be expected, and the target would be at 1.6100 area. Resistance is at 1.6420, only break above this...
The GBP/USD pair fell during the course of the day on Wednesday, but as you can see remains above the support of 1.63 level. With that being the case, the market looks as if the gap below...
GBPUSD broke below the upward trend line on 4-hour chart, indicating that the uptrend from 1.6051 had completed at 1.6524 already. Deeper decline to test 1.6283 support could be seen, a breakdown below this level will target...
The GBP/USD pair initially fell during the course of the day on Tuesday, but found enough support at the 1.63 handle to turn things back around and form a hammer. This is an excellent place to see...
GBPUSD remains in uptrend from 1.6051, the fall from 1.6524 is likely consolidation of the uptrend. Near term support is at the upward trend line on 4-hour chart, and the key support is at 1.6283, as long...
The GBP/USD pair initially fell during the course of the day on Monday, but found enough support to bounce and close near the 1.6350 level. The resulting candle is a hammer, and as a result it looks...
