The GBP/USD pair initially fell towards the 1.70 handle during the session on Monday, but as you can see absolutely exploded to the upside and broke out. The break out during the session on Monday cleared a...
GBPUSD’s upward movement from 1.6692 extended to as high as 1.7114. Near term support is at 1.7050, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.7200...
GBPUSD is testing 1.7062 resistance, a break of this level will indicate that the uptrend from 1.6692 has resumed, then next target would be at 1.7200 area. Support levels are at 1.6970 and 1.6921, only break below...
GBPUSD remains in uptrend from 1.4813 (Jul 9, 2013 low). Further rise could be expected in a couple of weeks, and next target would be at 1.7300 area. Near term support is located at the rising trend...
The GBP/USD pair went back and forth on Friday, essentially going nowhere. However, the one thing that he did do was show the 1.70 level to be supportive yet again, and with that we believe that this...
The GBP/USD pair broke higher during the session on Thursday, clearing the 1.70 handle again. That area is a major support and resistance level, so it’s interesting that we managed to climb back above again. We are...
GBPUSD is facing 1.7062 resistance, a break above this level will signal resumption of the uptrend from 1.6692, then next target would be at 1.7200 area. Key support is at 1.6921, only break below this level will...
The GBP/USD pair went back and forth during the session on Wednesday, essentially settling on a fairly unchanged candle. We tried to break above the 1.70 level, but failed. On the other hand, we found plenty of...
GBPUSD’s pullback from 1.7062 extended to as low as 1.6952. As long as 1.6921 support holds, the fall could be treated as consolidation of the uptrend from 1.6692, one more rise towards 1.7300 is still possible after...
The GBP/USD pair fell during the session on Tuesday, slicing through the 1.70 handle. While this is a negative move, there is a significant amount of support below, thereby making it impossible for us to start selling....
