GBPUSD Weekly Analysis – February 8, 2014
GBPUSD is in uptrend from 1.4813, the fall from 1.6668 is treated as consolidation of uptrend. Deeper decline would likely be seen and the target would be a the lower line of the price channel on daily...
Tag: GBPUSD
GBP/USD Forecast February 10, 2014, Technical Analysis
The GBP/USD pair has been one that we been paying attention to for several sessions now. We formed a three hammers in a row at the 1.63 level, and have now broken to the upside. We suggested...
GBPUSD Daily Analysis – February 7, 2014
GBPUSD remains in downtrend from 1.6668, the rise from 1.6252 is likely consolidation of the downtrend. Resistance is at 1.6400, as long as this level holds, the downtrend could be expected to resume, and another fall to...
GBP/USD Forecast February 7, 2014, Technical Analysis
The GBP/USD pair fell below the 1.63 level for the third session in a row, and for the third session in a row turned back around and form a hammer. The three hammers in a row of...
GBP/USD Forecast February 6, 2014, Technical Analysis
For the second session in a row, the GBP/USD pair formed a hammer on Wednesday. This hammer sits right at the 1.63 handle, and as a result it looks like this area is indeed going to be...
GBPUSD Daily Analysis – February 6, 2014
GBPUSD is in consolidation of the downtrend from 1.6668. Range trading between 1.6252 and 1.6400 would likely be seen in a couple of days. Resistance is at 1.6400, as long as this level holds, the downtrend could...
GBPUSD Daily Analysis – February 5, 2014
GBPUSD’s downward movement from 1.6668 extended to as low as 1.6257. Deeper decline would likely be seen, and next target would be at 1.6200 area. Resistance is at 1.6380, only break above this level could signal completion...
GBP/USD Forecast February 5, 2014, Technical Analysis
The GBP/USD pair fell below the 1.63 level during the session on Tuesday, but bounce back above that level in order to form a hammer. This hammer of course suggests that there is plenty of support below,...
GBP/USD Forecast February 4, 2014, Technical Analysis
The GBP/USD pair fell hard during the session on Monday, slamming into the 1.63 support level. This is an area that’s acted rather supportive of the last couple of months, so with that being the case we...
GBPUSD Daily Analysis – February 4, 2014
GBPUSD broke below the lower line of the price channel on 4-hour chart, indicating that the uptrend from 1.5854 (Nov 12, 2013 low) had completed. The pair is now in downtrend from 1.6668, further decline could be...