GBPUSD Weekly Analysis – May 25, 2014
GBPUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.4813 (Jul 9, 2013 low), the fall from 1.6996 could be treated as consolidation of the uptrend. As long as the channel...
Tag: GBPUSD
GBP/USD Forecast May 26, 2014, Technical Analysis
The GBP/USD pair fell during the session on Friday, straight a bit of weakness as we plunged towards the 1.68 handle. That region should continue to be supportive, and as a result we feel that supportive looking...
GBP/USD Forecast May 22, 2014, Technical Analysis
GBP/USD pair rose during the session on Wednesday, showing real strength as we broke the top of the shooting star. We tested the 1.69 level, which of course offered a bit of resistance, but at the end...
GBPUSD Daily Analysis – May 22, 2014
GBPUSD remains in uptrend from 1.6731, further rise could be expected after a minor consolidation, and next target would be at 1.6970 area. Support is now at 1.6830, only break below this level could trigger another fall...
UK Data Points towards Strong Economy – Paxforex
Retail sales out of the UK were reported today. The British Pound rallied after the release of this report which pointed towards a much stronger UK consumer. Retail sales rose by 1.8% in April on a monthly...
GBPUSD Daily Analysis – May 21, 2014
GBPUSD’s upward movement from 1.6731 extended to as high as 1.6864. The uptrend could be expected to continue, and next target would be at 1.6900 – 1.6950 area. Support levels are at 1.6800 and 1.6731, only break...
GBP/USD Forecast May 21, 2014, Technical Analysis
The GBP/USD pair rose during the session on Tuesday, breaking the top of the shooting star for Monday. We are bullish of this market anyway, so it doesn’t surprise us that the buyers step back in. If...
GBPUSD Daily Analysis – May 20, 2014
GBPUSD is now in uptrend from 1.6731. Further rise would likely be seen over the next several days, and the target would be at 1.6900 – 1.6950 area. Support is at 1.6731, only break below this level...
GBP/USD Forecast May 20, 2014, Technical Analysis
GBP/USD initially tried to rally during the session on Monday, but turned back around and form a shooting star. Because of this, we feel that the market could have a short-term pullback, but at the end of...
GBPUSD Daily Analysis – May 19, 2014
GBPUSD broke above the downward trend line on 4-hour chart, suggesting that the downtrend from 1.6996 had completed at 1.6731 already. Further rise could be expected and next target would be at 1.6900 area. Support is at...