The GBP/USD pair fell during the majority of the session on Wednesday, but as you can see bounced hard enough off the 1.66 level to form a nice-looking hammer. This hammer is at the bottom of the...
GBPUSD continued its downward movement from 1.6785, and the fall extended to as low as 1.6568. Deeper decline is still possible, and the target would be at 1.6500 area. Resistance is at 1.6665, only break above this...
The GBP/USD pair did very little during the session on Tuesday, but did print a negative candle. The printed somewhat of a hammer, based upon the 1.664 level. With that being the case, we feel that support...
GBPUSD’s downward movement from 1.6785 extended to as low as 1.6596. Deeper decline would likely be seen in a couple of days, and the target would be at 1.6500 area. Resistance is at 1.6710, only break above...
The GBP/USD pair fell during the session on Friday, but found enough support near the 1.6650 handle to bounce slightly at the end of the day. With that, we feel that this market continues to grind sideways,...
GBPUSD broke below the upward trend line on 4-hour chart, suggesting that the upward movement from 1.6582 had completed at 1.6785 already. Deeper decline could be expected in a couple of days, and the target would be...
GBPUSD’s upward movement from 1.6582 extended to as high as 1.6785. Further rise to test 1.6822 resistance is possible, a break above this level will signal resumption of the uptrend from 1.6252, then next target would be...
GBPUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.4813 (Jul 9, 2013 low), the fall from 1.6822 could be treated as consolidation of the uptrend. Key support is located at...
The GBP/USD pair rallied at first during the session on Friday, but as you can see turned back around to form a shooting star. Although this is a very bearish candle, we believe that this pair is...
GBPUSD moved sideways in a trading range between 1.6582 and 1.6822. Key support is at 1.6582, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from...
