GBPUSD Analysis – November 16, 2013
GBPUSD remains in uptrend from 1.4813, the fall from 1.6259 is likely consolidation of the uptrend. Key support is now at 1.5854, as long as this level holds, the uptrend could be expected to resume, and one...
Tag: GBPUSD
GBP/USD Forecast November 18, 2013, Technical Analysis
The GBP/USD pair rose during the session on Friday, closing above the 1.61 handle. This of course is a bullish sign, and as a result we are willing to buy this pair now. We think that the...
GBP/USD Forecast November 15, 2013, Technical Analysis
The GBP/USD pair went back and forth during the session on Thursday, showing support at the 1.60 level as support. That being the case, this market does look like it wants to go higher, but we need...
GBP/USD Forecast November 14, 2013, Technical Analysis
The GBP/USD pair shot straight up during the session on Wednesday, slicing through the 1.60 handle again. This is without a doubt a buy signal as far as we can tell, and short-term pullbacks will be used...
GBP/USD Forecast November 12, 2013, Technical Analysis
The GBP/USD pair fell slightly during the session on Monday, staying just below the 1.60 handle. This area is the epicenter of the larger consolidation range, and as a result we think that this market will probably...
GBPUSD Analysis – November 9, 2013
GBPUSD stays in a trading range between 1.5894 and 1.6259. Key support is at 1.5894, as long as this level holds, the price action in the range could be treated as consolidation of the uptrend from 1.4813,...
GBP/USD Forecast November 11, 2013, Technical Analysis
The GBP/USD pair fell during the session on Friday as the Americans released a better than anticipated jobs numbers. However, the 1.60 level still acts as support, and as a result we closed just above it.
GBP/USD Forecast November 8, 2013, Technical Analysis
The GBP/USD pair fell during the session on Thursday, slamming into the 1.60 handle again, but bounced enough to form a nice looking hammer. Because of this, it does look like the Pound might get a little...
GBP/USD Forecast November 7, 2013, Technical Analysis
The GBP/USD pair rose during the session on Wednesday, but fell back from the 1.6150 region to form a shooting star. The shooting star of course is very signal, but we do not think that this market...
GBP/USD Rally Continuation? (November 6, 2013)
GBP/USD bounced off the established support level around 1.5950 in yesterday’s trading, as the UK printed a better than expected services PMI figure. The pair was also able to break above the 1.6000 major psychological level then...