The GBP/USD pair rose during the session on Tuesday, breaking back above the 1.60 handle as the market looks like it’s ready to continue consolidating between the 1.59 level on the bottom, and the 1.6250 level on...
The GBP/USD pair rose during the session on Monday, as the 0.59 level offered support. As far as we’re concerned, if we can get above the 1.6050 level, this market will continue higher and aim for the...
GBPUSD is facing 1.5894 support, as long as this level holds, the price action from 1.6259 could be treated as consolidation of the uptrend from 1.4813, one more rise towards 1.6500 is still possible.
The GBP/USD pair fell hard during the session on Friday, crashing into the 1.59 handle. That level offered support previously, and therefore it’s not surprising to see it offer support now.
GBP/USD is approaching the bottom of its range on the 1-hour time frame, and it just might reach that support level depending on the UK manufacturing PMI release. The report is projected to post a small decline,...
The GBP/USD pair went back and forth during the session on Thursday, but as you can see we still see the 1.60 level as being supportive. The support area does offer a potential buying area, but we...
The GBP/USD pair fell during the session on Wednesday, slamming into the 1.60 handle again. The area has been supportive time and time again, and as a result we have seen a bounce yet again.
GBP/USD’s recent rallies seem to be over as the pair ranged between the 1.6200 handle and the 1.6000 area in the past few weeks. In fact, a reversal chart pattern can be seen on the daily time...
The GBP/USD pair fell during the session on Tuesday, slamming into the 1.60 level. The market has been consolidating in this general area for some time now, and because of this we are looking like a market...
The GBP/USD pair attempted to rally during the session on Monday, as you can see failed by the time we close the market. That being the case, we did form a shooting star, but quite frankly even...
