GBPUSD moves sideways in a trading range between 1.6582 and 1.6730. Support is at 1.6582, a breakdown below this level will confirm that the uptrend from 1.6252 had completed at 1.6822 already, then deeper decline to 1.6400...
The GBP/USD pair went back and forth during the session on Wednesday, but ended up going nowhere by the time the market closed. The resulting candle suggests that what we had anticipated during the previous two sessions,...
GBPUSD’s fall from 1.6822 had completed at 1.6582 already. Another rise to test 1.6730 resistance would likely be seen, a break above this level will signal resumption of the uptrend from 1.6252, then next target would be...
The GBP/USD pair rallied during the session on Tuesday, breaking above the 1.67 level during the day. However, we turned back around and formed a shooting star which of course suggests that we are going to continue...
GBPUSD is facing 1.6730 resistance, a break above this level will indicate that the downward movement from 1.6822 had completed at 1.6582 already, then another rise towards 1.7000 could be seen to follow. On the downside, as...
The GBP/USD pair fell initially during the session on Monday, but as you can see bounced off of the 1.66 level in order to form a hammer. With that, we are believers that this market should continue...
GBPUSD remains in uptrend from 1.6252, the fall from 1.6822 is likely consolidation of the uptrend. Support is at 1.6530, as long as this level holds, the uptrend could be expected to resume, and another rise towards...
GBPUSD’s fall from 1.6822 extended to as low as 1.6613. However, the fall is likely consolidation of the uptrend from 1.6252, another rise towards 1.7000 could be expected after consolidation. Support is now at 1.6530, only break...
GBPUSD stays in a upward price channel on daily chart, and remains in uptrend from 1.4813. As long as the channel support holds, the fall from 1.6822 could be treated as consolidation of the uptrend. Another rise...
The GBP/USD pair try to rally during the session on Friday, but gave back all of the gains above the 1.67 level in order to form a shooting star. The market is still overly bullish though, and...
