GBPUSD remains in downtrend from 1.7190. 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 trigger another rise to 1.7500...
The GBP/USD pair fell during the course of the day on Monday, but as you can see remains somewhat afloat, and more importantly supported at the 1.70 handle. We still believe that this market goes higher, and...
GBPUSD is now in downtrend from 1.7190. Further decline would likely be seen and next target would be at 1.6850 area. Resistance levels are at 1.7120 and 1.7190, only break above these levels could trigger another rise...
GBPUSD broke below 1.7059 support, indicating that the uptrend from 1.6692 had completed at 1.7190 already. Further decline could be expected and the target would be at 1.6850 area. Resistance levels are at 1.7120 and 1.7190, only...
GBPUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.4813 (Jul 9, 2013 low), the fall from 1.7190 could be treated as consolidation of the uptrend. As long as the trend...
The GBP/USD pair went back and forth during the session on Friday, but bounced enough to form a hammer. This hammer suggests that the market is going to continue to find buyers every time we drop, and...
GBP/USD fell during the session on Thursday, testing the 1.71 level. This area continues to be somewhat supportive though, and as a result we feel that the market should continue to bounce from here and head to...
GBPUSD moved sideways in a trading range between 1.7059 and 1.7190. As long as 1.7059 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.6692, one more rise towards...
The GBP/USD pair broke higher during the session on Tuesday, but could not clear the 1.72 level that we have been looking for in order to start buying again. Because of this, we are still on the...
GBPUSD broke above 1.7179 resistance, indicating that the uptrend from 1.6692 has resumed. Key support is now at 1.7059, as long as this level holds, the uptrend could be expected to continue, and next target would be...
