The GBP/USD pair did almost nothing during the session on Thursday, essentially treading water at the 1.67 level. With that being the case, we feel that the market should find buyers in this general vicinity, possibly sending...
GBPUSD remains in downtrend from 1.6920. Further decline could be expected after a minor consolidation, and next target would be at 1.6600 area. Near term resistance is at 1.6675, as long as this level holds, the downtrend...
GBP/USD has been finding support around the 1.6750 minor psychological level, which coincides with a longer-term rising trend line, for quite some time now. However, the pair just made a strong downside break, indicating that a deeper...
The GBP/USD pair fell hard during the session on Wednesday, showing a fresh new low by the end of the day. The 1.67 level should continue to be supportive though, and as a result we believe that...
GBPUSD broke below 1.6731 support, and the fall from 1.6920 extended to as low as 1.6697. Further decline could be expected in a couple of days, and next target would be at 1.6600 area. Near term resistance...
The GBP/USD pair went back and forth during the session on Tuesday, forming a negative candle in the end. That being the case, it appears that we are continuing to test the 1.68 level for support, an...
GBPUSD’s fall from 1.6920 extended to as low as 1.6782. Deeper decline is still possible, and next target would be at 1.6750 area. Resistance is at the downward trend line on 4-hour chart, only a clear break...
The GBP/USD pair did little during the session on Monday, but with the Americans and British away for holiday that wasn’t much of a surprise. Ultimately, we feel that the market should continue to go higher, aiming...
GBPUSD remains in short term downtrend from 1.6920. Another fall could be expected and next target would be at 1.6750 area. Resistance is at 1.6920, only break above this level will indicate that the uptrend from 1.6731...
GBPUSD broke below 1.6830 support, indicating that the uptrend from 1.6731 had completed at 1.6920 already. Resistance is now at 1.6875, as long as this level holds, the fall from 1.6920 could be expected to continue, and...
