GBPUSD broke above 1.6782 resistance, indicating that the downtrend from 1.6920 had completed at 1.6692 already. Further rise could be expected over the next several days, and next target would be at 1.6900 – 1.6950 area. Support...
The GBP/USD pair rose during the bulk of the session on Thursday, busting above the 1.68 level area. The market looks rather bullish, and as a result it is likely that we will continue to go higher,...
The GBP/USD pair went back and forth during the course of the session on Wednesday, ultimately settling at a relatively unchanged rate. In the case, we feel that this market is trying to find support below at...
GBPUSD moved sideways in a range between 1.6692 and 1.6782. As long as 1.6782 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 1.6920, one more fall to 1.6600...
GBPUSD remains in downtrend from 1.6920, the rise from 1.6692 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.6600 area. Resistance is now at...
The GBP/USD pair tried to rally during the session on Tuesday, but it’s managed to find enough resistance at the 1.68 handle to turn things back around and form a shooting star. The shooting star signifies that...
The GBP/USD pair fell during the session initially on Monday, but bounced enough off of the 1.67 level in order to form a hammer. We believe that this market is finding enough support near that we will...
GBPUSD’s rise from 1.6692 extended to as high as 1.6777. However, the rise is likely consolidation of the the downtrend from 1.6920, another fall to 1.6600 area is still possible after consolidation. Resistance is at 1.6800, only...
GBPUSD remains in downtrend from 1.6920, the rise from 1.6692 could be treated as consolidation of the downtrend. Another fall could be expected after consolidation, and next target would be at 1.6600 area. Resistance is at 1.6800,...
GBPUSD broke below the bottom of the price channel on daily chart, indicating that lengthier consolidation of the uptrend from 1.4813 (Jul 9, 2013 low) is underway. Deeper decline would likely be seen next week, and next...
