GBPUSD’s downward movement from 1.7190 extended to as low as 1.6766. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.6500 area. Key resistance is...
GBPUSD is facing 1.6692 support, a breakdown below this level will confirm that the uptrend from 1.4813 (Jul 9, 2013 low) had completed at 1.7190 already, then next target would be at 1.6300 area. Resistance is at...
The GBP/USD pair initially tried to rally during the session on Friday, but as you can see ended up falling below the 1.68 level. Because of this, we think that this is a reasonably very sign in...
The GBP/USD pair fell during the day on Thursday, but still finds support near the 1.68 handle. Because of this, we feel that the market could bounce here, but we do not have the right supportive action...
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 1.6801. Further decline could be expected and next target would be at 1.6700...
The GBP/USD pair fell initially during the session on Wednesday, but as you can see found support at the 1.68 handle yet again. Because of this, we ended up forming a hammer, and that of course is...
GBPUSD remains in downtrend from 1.7190, the rise from 1.6809 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 holds, the downtrend...
GBPUSD is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at 1.6700 area. On...
The GBP/USD pair initially tried to fall during the session on Tuesday, but as you can see found enough support to turn things back around and form a hammer. This hammer of course is very positive, and...
The GBP/USD pair bounced during the session on Monday, as the 1.68 level has offered enough support to at least do that. We believe them the British pound has been sold off a bit too much, and...
