GBPUSD Daily Analysis – May 6, 2014
GBPUSD stays in a upward price channel on 4-hour chart, and remains in uptrend from 1.6465 (Mar 24 low), and the fall from 1.6918 is likely consolidation of the uptrend. As long as the channel support holds,...
Tag: GBPUSD
GBP/USD Forecast May 6, 2014, Technical Analysis
The GBP/USD pair fell slightly during the session on Monday, but found enough support at the 1.6850 level that the British pound essentially was unchanged by the time the session ended. There is a significant area of...
GBPUSD Daily Analysis – May 5, 2014
GBPUSD remains in uptrend from 1.6465, the fall from 1.6918 could be treated as consolidation of the uptrend. Near term support is located at the bottom of the price channel on 4-hour chart, as long as the...
GBPUSD Weekly Analysis – May 4, 2014
GBPUSD’s upward movement from 1.4813 (Jul 9, 2013 low) extended to as high as 1.6918. Near term support is located at the lower line of the price channel on daily chart, as long as the channel support...
GBP/USD Forecast May 5, 2014, Technical Analysis
The GBP/USD pair fell during the bulk of the session on Friday, but found enough support down at the 1.68 level to bring in buyers and push the market much higher. In the end forming a hammer...
GBPUSD Daily Analysis – May 2, 2014
GBPUSD stays above a upward trend line on 4-hour chart, and remains in uptrend from 1.6465. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
GBP/USD Forecast May 2, 2014, Technical Analysis
The GBP/USD pair rose during much of the session on Thursday, but ran into a bit of trouble once we get above the 1.69 level. With that we feel that the market might pull back a little...
GBPUSD Daily Analysis – May 1, 2014
GBPUSD broke above 1.6857 resistance, and continued its upward movement from 1.6465. Near term support is located at the upward trend line on 4-hour chart, as long as the trend line support holds, further rise could be...
GBP/USD Forecast May 1, 2014, Technical Analysis
The GBP/USD pair broke out to the upside during the session on Wednesday, and as a result we feel that the next leg higher has started. This should send this market to the 1.70 handle given enough...
GBPUSD Daily Analysis – April 30, 2014
GBPUSD stays in a trading range between 1.6762 and 1.6857. As long as 1.6762 support holds, the price action in the range could be treated as consolidation of the uptrend from 1.6465, one more rise to 1.7000...