GBPUSD broke below 1.6692 support, indicating that the uptrend from 1.4813 (Jul 9, 2013 low) had completed at 1.7190 already. Further decline could be expected, and next target would be at 1.6300 area. Near term resistance is...
The GBP/USD pair rose slightly during the session on Friday, proving that the hammer does in fact have some significance that we printed on Thursday. However, we think this is a short-term buying opportunity, and probably not...
The GBP/USD pair fell during the session on Thursday, but found enough support at the 1.6650 level to bounce and form a hammer. This hammer should signal a bounce to the 1.68 level. The area will feature...
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, further decline could be expected after a minor consolidation, and next target would...
The GBP/USD pair fell rather hard during the session on Wednesday after initially tried to rally above the 1.68 handle. The Bank of England suggested that perhaps the economy is a lot cloudier than originally thought, and...
GBPUSD failed to break above the trend line resistance and continued its downward movement from 1.7190, and the fall extended to as low as 1.6669. As long as the trend line resistance holds, further decline could be...
GBPUSD has been on a downtrend ever since the BOE showed a bit of hesitation when it comes to tightening monetary policy by the end of the year. Price has broken below a support area around the...
GBPUSD remains in downtrend from 1.7190, the rise from 1.6756 could be treated as consolidation of the downtrend. Initial resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds,...
The GBP/USD pair rose slightly during the session on Monday, but found the 1.68 level resistive. This was an area of support previously, so the fact that we did not break above there is in fact interesting....
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 downtrend could be expected to continue, and next target would be at...
