The GBP/USD pair rose during the session on Tuesday, but could not breakout to fresh new highs. However, the 1.6850 level looks like its being challenged rather significantly, so we feel it’s only a matter of time....
The GBP/USD pair tried to rally during the session on Monday, but as you can see giveback most of the gains. At the end of the day, we had form a shooting star, which of course is...
GBPUSD is in consolidation of the uptrend from 1.6465. One more fall to 1.6700 area to complete the consolidation would likely be seen. Key support is at 1.6660, as long as this level holds, the uptrend could...
GBPUSD remains in uptrend from 1.6465, the price action from 1.6820 could be treated as consolidation of the uptrend. Another fall to 1.6700 area to complete the consolidation is possible. Key support is at 1.6660, as long...
GBPUSD broke above 1.6822 resistance, indicating that the uptrend from 1.4813 (Jul 9, 2013 low) has resumed. Further rise could be expected, and next target would be at 1.7200 area. Near term support is at the lower...
The GBP/USD pair did almost nothing during the session on Friday as the Good Friday holiday would have drained of liquidity. Because of this, it appears of the market still looks like it once the pullback a...
After breaking above 1.6820 resistance, GBPUSD pulled back from 1.6841, indicating that lengthier consolidation for the uptrend from 1.6465 is needed. Deeper decline would likely be seen, and the target would be at 1.6700 area. Key support...
The GBP/USD pair rose initially during the session on Thursday, but found enough noise above in order to form a shooting star. A shooting star of course signifies of the market’s going to start selling off, and...
The GBP/USD pair broke higher during the session on Wednesday, testing the 1.68 level yet again. That area has been resistive previously, and as a result we do not find it very difficult to imagine that the...
GBPUSD broke above 1.6820 resistance and reached as high as 1.6836, indicating that the uptrend from 1.6465 has resumed. Further rise could be expected, and next target would be at 1.7000 area. Initial support is at the...
