The GBP/USD pair did very little during the session in the end after going back and forth wildly on Tuesday. The candle is slightly negative, but not enough to get too excited about, and we have to...
GBPUSD’s downward movement from 1.6465 extended to as low as 1.6219. Resistance is at 1.6348, as long as this level holds, the downtrend could be expected to continue, and next target would be at 1.6150 area. On...
The GBP/USD pair trying to rally during the session on Monday, but as you can see ran into too much resistance of the 1.6350 handle. The resulting resistance pushed the market lower, and formed a shooting star....
GBPUSD broke below 1.6293 support, indicating that the upward movement form 1.5854 had completed at 1.6465 already, deeper decline could be expected over the next several days, and the target would be at 1.6000 area. Resistance levels...
A double top pattern has formed on GBP/USD’s 4-hour time frame, indicating that the pair’s rally might soon be over. The pair seems to be testing the neckline around the 1.6300 major psychological support. The pattern is...
GBPUSD’s upward movement from 1.4813 extended to as high as 1.6465. Further rise would likely be seen, and next target would be at 1.7000. Support is at 1.6200, only break below this level will indicate that consolidation...
The GBP/USD pair fell during the session on Friday, but as you can see bounced at the 1.6250 level in order to form something along the lines of a hammer for the daily candle. If the top...
The GBP/USD pair tried to rally during the session on Thursday, but failed to hang onto the gains and started falling later in the day. As you can see, we formed a little bit of a shooting...
The GBP/USD pair fell hard during the session on Wednesday, but found the 1.6350 level be supportive yet again. Because of this, we feel that the British pound is essentially “on sale”, and as a result would...
The GBP/USD pair rose initially during the session on Tuesday, but as you can see ran into a bit of resistance in order to pull back and form a shooting star. That shooting star suggests that we...
