GBPUSD stays in a trading range between 1.6219 and 1.6481. The price action in the range is likely consolidation of the uptrend from 1.5854. Key support is at 1.6219, as long as this level holds, the uptrend...
The GBP/USD pair tried to rally during the session on Monday, but as you can see failed to hang onto the gains for any great length of time. Doesn’t really matter though, this is a market that...
GBPUSD moved sideways in a range between 1.6219 and 1.6481 for several days. As long as 1.6219 key support holds, the price action in the range could be treated as consolidation of the uptrend from 1.5854, another...
GBPUSD’s upward movement from 1.5854 extended to as high as 1.6481. Initial support is at 1.6220, as long as this level holds, the uptrend could be expected to continue, and next target would be at 1.7000 area....
The GBP/USD pair did very little during the session on Friday, as we continue to hover around the 1.6350 handle. This market looks like it’s quieting down for the holiday season, but we do believe that ultimately...
The GBP/USD pair initially tried to fall during the session on Thursday, but found enough support around the 1.6350 level to bounce and form a hammer. This hammer suggest that the market would go higher, but we...
After touching 1.6465 resistance, GBPUSD pulled back from 1.6481, suggesting that lengthier sideways consolidation of the uptrend from 1.5854 is underway. Key support is at 1.6219, as long as this level holds, the uptrend could be expected...
The GBP/USD pair shot much higher during the session on Wednesday, breaking above the recent highs, but then pullback as the FMOC announced that they were in fact going to go ahead and start tapering the bond...
GBPUSD break above 1.6465 resistance, suggesting that the uptrend from 1.5854 (Nov 12 low) has resumed. Further rise could be expected over the next several days, and next target would be at 1.6600 area. Key support is...
On its 1-hour time frame, GBP/USD is trending lower, after forming a double top reversal pattern on its 4-hour chart earlier this week. The pair has since broken below the neckline around 1.6350, confirming the potential selloff....
