The GBP USD pair shot higher during the session on Wednesday, breaking the 1.63 handle finally. However, we could not keep above that level, and as a result it looks like the resistance is still somewhat intact.
The GBP/USD pair initially fell during the session on Tuesday, but as you can see recovered and shot back above the 1.62 handle. This of course is a fairly bullish sign, but wasn’t enough to truly break...
The GBP/USD pair fell during the session on Monday, after initially gapping higher. This is a pretty bearish sign, and at this point time we realize that this market could possibly pull back further. After all, we...
GBPUSD is facing 1.6259 resistance, a break above this level will signal resumption of the uptrend from 1.4813, then next target would be at 1.6500 area. Key support is at 1.5854, a breakdown below this level will...
The GBP/USD pair rose during the session on Friday, showing that the British pound continues to strengthen overall. In fact, the British pound looks healthy against most other currencies, so we do think that this market will...
The GBP/USD pair initially fell during the session on Thursday, but shot straight up in order to slam into the 1.6050 level. This area should be resistive, though, so we think that although the market looks a...
The GBP/USD pair attempted to rally during the session on Wednesday, but as you can see failed just below the 1.62 handle in order to turn around and form a shooting star. The shooting star is right...
The GBP/USD pair fell during the session on Tuesday, breaking below the bottom of the neutral candle. However, we got enough support at the 1.6050 level in order to bounce and form a hammer.
The GBP/USD pair rose higher during the session initially on Monday, but as you can see pulled back in order to form a shooting star. This shooting star looks negative at this point, and as a result...
Last week’s anti-dollar sentiment and relatively upbeat data from the U.K. has triggered a bounce from the bottom of the descending support level on GBP/USD, yet a descending resistance level can also be seen.
