The GBP/USD pair initially fell during the session on Wednesday, but found the 1.65 level to be supportive enough to push the market back around. The market closed higher, and we believe that this bounce will continue...
GBPUSD broke above the upper line of the price channel on 4-hour chart, indicating that the downtrend from 1.6785 had completed at 1.6465 already. Further rally could be expected over the next several days, and next target...
The GBP/USD pair rose during the session on Tuesday, using the 1.65 level as a bit of a springboard. With that being the case, we feel that this market is in fact going to grind higher, but...
GBPUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.6785, the rise from 1.6465 could be treated as consolidation of the downtrend. As long as the channel resistance holds, the downtrend...
The GBP/USD pair went back and forth during the session on Monday, essentially hugging the 1.65 handle. That being the case, the market appears like it’s trying to find some type of base around here, which is...
GBPUSD remains in downtrend from 1.6785, the rise from 1.6465 is likely consolidation of the downtrend. Resistance is located at the upper line of the price channel on 4-hour chart. As long as the channel resistance holds,...
GBPUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 1.6785, and the fall extended to as low as 1.6473. Resistance is located at the upper line of the channel, as long...
GBPUSD is facing the support of the lower line of the price channel on daily chart. A clear break below the channel support will indicate that the uptrend from 1.4813 (Jul 9, 2013 low) had completed at...
The GBP/USD pair fell slightly during the session on Friday, but hovers around the 1.65 level which of course is the beginning of significant support. Because of this, we are not ready to sell, and have to...
The GBP/USD pair try to rally during the session on Thursday, but failed to hang onto the gains. With that being the case, we also dipped below the 1.65 handle. At the end of the day, we...
