GBPUSD’s downward movement extended to as low as 1.6420. Deeper decline would likely be seen, and the target would be at the bottom of the price channel on 4-hour chart. Resistance is at 1.6520, only break above...
GBPUSD stays within a upward price channel on daily chart, and remains in uptrend from 1.5854, the fall from 1.6668 could be treated as consolidation of the uptrend. As long as the channel support holds, the uptrend...
The GBP/USD pair fell during the session on Friday, breaking down below the 1.6450 level. However, there is still plenty of support all the way down to the 1.63 handle, so we are not selling. Quite frankly,...
GBP/USD is still on an uptrend on the 4-hour time frame, as can be seen on the rising channel on the chart. The pair is selling off but might be ready to find support at the bottom...
GBPUSD’s downward movement from 1.6668 extended to as low as 1.6445. Deeper decline to test the support of the lower line of the price channel on 4-hour chart is possible. As long as the channel support holds,...
The GBP/USD pair fell during the session on Thursday, slicing through the 1.65 handle. The market does have quite a bit of support below that area though, and as a result we got a bit of a...
The GBP/USD pair went back and forth during the session on Wednesday, essentially printing a neutral candle. This is the second day in a row we have seen as, but it does suggest that the 1.65 level...
GBPUSD remains in short term downtrend from 1.6668, the rise from 1.6474 is treated as correction of the downtrend. Another fall towards the bottom of the price channel on 4-hour chart would likely be seen after correction....
The GBP/USD pair went back and forth during the session on Tuesday, essentially settling nothing. This candle is very neutral, and we believe that the area below offers enough support that we really can break down significantly,...
GBPUSD is in consolidation of the uptrend from 1.5854 (Nov 12, 2013 low). Another fall to the bottom of the price channel on 4-hour chart would likely be seen. As long as the channel support holds, the...
