There isn’t much in terms of data in today’s economic schedule, but there could be an opportunity for a quick scalp trade for GBP/USD. The UK is set to print its CBI realized sales report at 12:00...
The GBP/USD pair rose during the session initially on Friday, but as you can see has formed a shooting star at the close. This of course signifies weakness, but we do not believe that this market going...
GBPUSD remains in uptrend from 1.4813, the price action from 1.6259 could be treated as consolidation of the uptrend. Support is at 1.5894, as long as this level holds, the uptrend could be expected to resume, and...
The GBP/USD pair went back and forth during the session on Thursday again, hugging the 1.62 level as the market seems to be attracted to it. This is resistance that we have to get over, and we...
The GBP/USD pair fell during the session on Wednesday, but remains within the previous consolidation that we’ve seen over the last couple of days. That being the case though, we did get a little bit of a...
The GBP/USD pair rose during the session on Tuesday, breaking well above the shooting star from Friday, however, there will probably be a bit of resistance of the 1.63 handle, so those of you that are a...
The GBP/USD pair fell during the session on Monday, breaking the bottom of the shooting star that had formed on Friday. While this is a negative sign, we do not believe that this pair will do more...
After touching the upward trend line on daily chart, GBPUSD rebounded from 1.5894, suggesting that the pair remains in uptrend from 1.4813. Further rise would likely be seen, and next target would be at 1.6650 area.
The GBP/USD pair tried to rally during the session on Friday, but as you can see the 1.60 level offered far too much resistance, creating a shooting star for the day. The shooting star is very negative...
The GBP/USD pair fell during the session on Tuesday, but slammed back into the 1.60 handle by the end of the day in order to form a nice looking hammer. The previous session formed a shooting star,...
