The GBP/USD pair rose during the session on Wednesday, bouncing off of the 1.66 level in order to continue the basing pattern that we’ve seen recently. We believe that this market will eventually go to the 1.70...
GBPUSD stays in a trading range between 1.6582 and 1.6822. As long as 1.6582 key support holds, the uptrend from 1.6252 could be expected to resume, and one more rise towards 1.7000 is still possible. On the...
The GBP/USD pair try to rally during the session on Tuesday, but as you can see pulled back. The resulting candle was a shooting star, so it is possible that we drift lower from here. However, we...
GBPUSD continued its sideways movement in a 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...
The GBP/USD pair fell hard during the session on a day on Monday, testing the 1.6650 level. However, we are still well within the consolidation area that we had been in previously. Because of this, we feel...
GBPUSD failed to break above 1.6822 resistance and stayed in the trading range between 1.6582 and 1.6822. As long as 1.6582 support holds, the price action in the range could be treated as consolidation of the uptrend...
GBPUSD broke above 1.6730 resistance. Further rise to test 1.6822 resistance would likely be seen, a break above this level will confirm that the uptrend from 1.6252 has resumed, then next target would be at 1.7000 area....
GBPUSD remains in uptrend from 1.4813 (Jul 9, 2013 low). Initial support is at 1.6580, and the key support is located at the lower line of the price channel on daily chart. As long as the channel...
The GBP/USD pair rose during the session on Friday, breaking the top of a hammer from the Thursday session. Because of this, it feels that the market is ready go higher, and that we will finally see...
The GBP/USD pair fell during the session on Thursday, only to turn back around and form a hammer for the second day in a row. In fact, three of the last four sessions have formed hammers, and...
