GBPUSD broke above the downward trend line on 4-hour chart, indicating that the downtrend from 1.6593 had completed at 1.6309 already. Further rise could be expected, and next target would be at 1.6570 area. Support is at...
The GBP/USD pair went back and forth during the session on Monday, essentially settling nothing. However, we believe that this pair has an upward tilt to it, and as a result we believe that buying this pair...
GBPUSD is facing the downward trend line on 4-hour chart. A clear break above the trend line resistance will indicate that the downward movement from 1.6593 had completed at 1.6309 already, then the following upward movement could...
GBPUSD remains in uptrend from 1.5854, the fall from 1.6593 could be treated as consolidation of the uptrend. Support is at 1.6220, as long as this level holds, the uptrend could be expected to resume, and another...
The GBP/USD pair rose during the session on Friday, but did not break above the 1.65 resistance area. Because of this, we are not overly bullish yet, but do recognize the fact that the pair is more...
The GBP/USD pair fell during the session on Thursday, but found enough support to form a hammer. This hammer suggests that the market is in fact going to find significant support here, and stay within the previous...
GBPUSD’s fall from 1.6593 extended to as low as 1.6314. Deeper decline is still possible and next target would be at 1.6270 area. Key support is located at 1.6219, as long as this level holds, the fall...
GBPUSD broke below 1.6337 support, suggesting that lengthier consolidation of the uptrend from 1.5854 (Nov 12, 2013 low) is underway. Deeper decline would likely be seen, and next target would be at 1.6270 area. Support is now...
The GBP/USD pair fell during the session on Wednesday, going all the way down to the 1.6350 area. However, that area has offered support yet again, and as a result it looks like we’re simply going to...
The GBP/USD pair when higher during the session on Tuesday, bouncing off of the 1.64 handle. This market looks like it’s ready to continue going sideways, but we do recognize the fact that the 1.65 level will...
