The GBP/USD pair initially tried to rally during the session on Monday, but as you can see pullback and broke below the 1.71 support level. We think that there is a massive amount of support down near...
GBPUSD broke below 1.7084 support, indicating that the uptrend from 1.6692 had completed at 1.7179 already. Further decline could be expected, and next target would be at 1.6950 area. Resistance levels are at 1.7130 and 1.7179, only...
GBPUSD moved sideways in a trading range between 1.7084 and 1.7179. As long as 1.7084 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.6692, one more rise to...
GBPUSD remains in uptrend from 1.4813 (Jul 9, 2013 low), further rise is still possible after a minor consolidation, and next target would be at 1.7500 area. Support is at 1.7030, followed by the upward trend line...
The GBP/USD pair went back and forth during the session on Friday, essentially settling nothing. The 1.71 level did offer enough support to keep the market somewhat afloat though, so appears that we are simply taking a...
The GBP/USD pair initially fell during the session on Wednesday, but as you can see we bounced yet again in order to form a hammer. This market simply looks like it does not want to fall, and...
GBPUSD failed to break below the lower line of the price channel on 4-hour chart, and rebounded from 1.7084, indicating that the pair remains in uptrend from 1.6692. Further rise could be expected, and next target would...
The GBP/USD pair initially fell during the session on Tuesday, but found enough support below in order to turn things back around and form a hammer yet again. We have been bullish of this pair for some...
GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.6692, the fall from 1.7179 could be treated as consolidation of the uptrend. Support is located at the bottom of the channel,...
The GBP/USD pair fell initially during the session on Monday, but found enough support near the 1.71 level to go ahead and balance to form a hammer like candle. This suggests that this market should continue higher,...
