GBPUSD broke below 1.6430 support, suggesting that the upward movement from 1.6219 had completed at 1.6593 already. Deeper decline would likely be seen over the next several days, and the target would be at the lower line...
The GBP/USD pair rose during the session on Tuesday, breaking through quite a bit of resistance. The fact that we close above the 1.65 level signifies to us that this market is going to continue going higher, and therefore...
The GBP/USD pair continues to meander around the 1.65 handle, essentially printing a neutral candle for the Monday session. With the lack of liquidity in the marketplace, and the New Year’s Day holiday coming, it’s hard to imagine that...
GBPUSD remains in uptrend from 1.6219, the fall from 1.6577 could be treated as consolidation of the uptrend. Support is at 1.6430, as long as this level holds, the uptrend could be expected to resume, and next...
GBPUSD broke above 1.6481 resistance and reached as high as 1.6577 last Friday, suggesting that the uptrend form 1.5854 (Nov 12 low) has resumed. Further rise could be expected, and next target would be at 1.6700 area....
GBPUSD continues its upward movement from 1.5854 and the rise extended to as high as 1.6577. Support is now at 1.6330, as long as this level holds, further rise could be expected, and next target would be...
The GBP/USD pair rose during the session on Friday, but as you can see got back below the 1.65 level in order to form a shooting star. The shooting star shows that the market is ready to...
The GBP/USD pair rose during the session on Thursday, but ran into a little bit of trouble just above the 1.64 level. We still see a significant amount resistance of the 1.6450 handle, and believe it extends...
GBPUSD continues its sideways movement in a range between 1.6219 and 1.6481. Key support is at 1.6219, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend...
The GBP/USD pair had a positive session on Tuesday, and as most brokers were closed on Wednesday, we can only look at the recent action and assume that the choppiness should continue. Because of this, we feel...
