GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190, the rise from 1.6809 could be treated as consolidation of the downtrend. Resistance is at the trend line, as long as...
GBPUSD continued its downward movement from 1.7190, and the fall extended to as low as 1.6809. Further decline could be expected after a minor consolidation, and next target would be at 1.6500 area. Only a clear break...
GBPUSD broke below the lower line of the price channel on daily chart, 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...
The GBP/USD pair fell during the course of the day on Thursday, slamming into the 1.68 region. This area does start to see a bit of support though, so really this point time we are waiting to...
The GBP/USD pair went back and forth during the day on Thursday, ultimately selling off though. We have broken below the 1.69 level, so we would suggest that perhaps this market continues to go lower, probably looking...
GBPUSD’s downward movement from 1.7190 extended to as low as 1.6856. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue,...
The GBP/USD pair fell during the course of the day on Wednesday, but bounced back above the 1.69 level in order to form a bit of a hammer. That being the case, it appears the market could...
GBPUSD continued its downward movement from 1.7190, and the fall extended to as low as 1.6889. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, further decline...
The GBP/USD pair fell again during the session on Tuesday, and quite frankly is starting to press against some pretty significant support. The 1.69 level is essentially the “line in the sand” as far as we can...
GBPUSD’s downward movement from 1.7190 extended to as low as 1.6932. Further decline could be expected after a minor consolidation, and next target would be at 1.6850 area. Resistance is located at the downward trend line on...
