GBPUSD Weekly Analysis – May 17, 2014
GBPUSD is facing the support of the price channel on daily chart. As long as the channel support holds, the uptrend from 1.4813 (Jul 9, 2013 low) could be expected to resume, and further rise to 1.7200...
Tag: GBPUSD
GBP/USD Forecast may 19, 2014, Technical Analysis
The GBP/USD pair rose during the session on Friday, but broke out to the upside and on top of the hammer, which of course is a very supportive sign. We think that the market continues to go...
GBP/USD Forecast May 16, 2014, Technical Analysis
GBP/USD initially fell during the session on Thursday, but found enough support below the 1.6750 area to turn things back around and form a hammer. A break above the top of the hammer should send this market...
GBPUSD Daily Analysis – May 16, 2014
GBPUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.6996, and the fall extended to as low as 1.6731. Resistance is located at the trend line, as long as the trend...
GBP/USD Forecast May 15, 2014, Technical Analysis
The GBP/USD pair rose initially during the session on Wednesday, but then fell apart and broke down below the 1.68 handle. However, there is still plenty of support in this general vicinity, and as a result we...
GBPUSD Daily Analysis – May 15, 2014
GBPUSD’s downward movement from 1.6996 extended to as low as 1.6753. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue,...
GBP/USD Reversal Signals (May 14, 2014)
Ahead of today’s UK major economic events, GBP/USD has formed a head and shoulders pattern on its 1-hour time frame. The pair has also recently broken below an ascending trend line connecting the price lows then pulled...
GBP/USD Forecast May 14, 2014, Technical Analysis
The GBP/USD pair broke down during the session on Tuesday, breaking the bottom of the shooting star that formed on Monday. While this would typically be a nice selling opportunity, the reality is that the 1.68 level...
GBPUSD Daily Analysis – May 14, 2014
GBPUSD broke below 1.6832 support, indicating that the uptrend from 1.6465 (Mar 24 low) had completed at 1.6996 already. Further decline would likely be seen after a minor consolidation, and next target would be at 1.6700 area....
GBP/USD Forecast May 13, 2014, Technical Analysis
The GBP/USD pair tried to rally during the session on Monday, but found the way too much in the way of resistance above the 1.69 handle to hang onto those gains. That being the case, we ended...