After consolidation, GBPUSD broke below 1.6536 support and continued its downward movement from 1.7190, and the fall extended to as low as 1.6463. Further decline could be expected over the next several days, and next target would...
The GBP/USD pair tried to rally during the session on Monday, but pullback to form a shooting star. Because of that, the market looks as if the sellers are starting to come back into power, and with...
After touching the downward trend line on 4-hour chart, GBPUSD dropped down from 1.6643, indicating that the pair remains in downtrend from 1.7190. Deeper decline to test 1.6536 support would likely be seen, a breakdown below this...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190. As long as the trend line resistance holds, the bounce from 1.6536 could be treated as consolidation of the downtrend. Another...
GBPUSD’s downward movement extended to as low as 1.6536. Resistance is at 1.6650, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.6000 area. Only break above...
The GBP/USD pair initially fell during the course of the day on Friday, but then bounced enough to break above the 1.66 handle. The resulting candle is a hammer, so we can break the top of that...
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend from 1.7190 could be expected to resume, and another fall towards 1.6400 is still...
The GBP/USD pair broke higher during the day on Thursday, but again the 1.66 level has offered enough resistance to turn the market back around and form a shooting star. With this, we feel that the market...
GBPUSD remains in downtrend from 1.7190 (Jul 15 high), the bounce from 1.6536 is likely consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance...
The GBP/USD pair initially went higher during the course of the day on Tuesday, only to find the 1.66 level a bit too resistive to continue the move higher. With that, we have formed to shooting stars...
