The GBP/USD pair went back and forth during the day on Monday, but found the 1.70 level to be resistive enough to keep the market somewhat down. Because of this, we feel that the market will more...
GBPUSD remains in downtrend from 1.7190, the rise from 1.6960 could be treated as consolidation of the downtrend. Resistance is located at the downward trend line on 4-hour chart, as long as the trend line resistance holds,...
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190. Resistance is located at the trend line, as long as the trend line resistance holds, the downtrend could be expected to...
GBPUSD remains in uptrend from 1.4813 (Jul 9, 2013 low), the fall from 1.7190 is likely consolidation of the uptrend. Support is located at the bottom of the price channel on daily chart. As long as the...
The GBP/USD pair fell during the session on Friday again, closing below the 1.70 level again. That being the case, the market appears that we are going to go lower and attempt to test the 1.69 support...
The GBP/USD pair fell hard during the day on Thursday, slicing through the 1.70 support region. However, there’s still plenty of support all the way down to the 1.69 level, so we do not feel it’s quite...
GBPUSD’s downward movement from 1.7190 extended to as low as 1.6965. Resistance is now located at the downward trend line on 4-hour chart, as long as the trend line resistance holds, the downtrend could be expected to...
The GBP/USD pair initially tried to rally during the session on Wednesday, but with the Bank of England failing to impress upon the market a bit of a drive to tighten monetary policy, the British pound was...
GBPUSD’s downward movement from 1.7190 extended to as low as 1.7023. Further decline could be expected, and next target would be at 1.6850 area. Resistance levels are at 1.7120 and 1.7190, only break above these levels could...
The GBP/USD pair fell during the course of the day on Tuesday, but found enough support near the 1.7050 level to turn things back around and form a little bit of a hammer. This hammer tells us...
