The GBP/USD pair tried to rally during the session on Monday, but as you can see the 1.60 level offered far too much resistance, and as a result the market formed a little bit of the shooting...
GBPUSD is facing the support of the upward trend line on daily chart, as long as the trend line support holds, the uptrend from 1.4813 could be expected to resume, and one more rise towards 1.6500 is...
The GBP/USD pair went back and forth during the session on Friday, but as you can see essentially went nowhere. What’s most interesting is that we are still underneath the 1.60 handle, an area that should be...
The British Pound Sterling has enjoyed a nice and strong rally against major currency pairs. It has launched a rally which stretched over 1,500 pips over a few short months as many traders believed the UK will...
The GBP/USD pair fell during the balance of the session on Tuesday, but as you can see found the 1.60 level to be supportive enough to send the market higher and form a nice looking hammer.
The GBP/USD pair rose during the session on Monday, bouncing off the 1.60 handle, and showing that the area is in fact supportive. We had suggested previously that this area might be a great place to buy...
GBP/USD suffered a sharp selloff on Friday but it appears that the longer-term uptrend is still intact, as evidenced by the rising channel on the 4-hour time frame.
GBPUSD remains in uptrend from 1.4813, the fall from 1.6259 is likely consolidation of the uptrend. Support is at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could...
The GBP/USD pair fell hard during the session on Friday, closing at the very lows of the day. However, you can see that we are approaching the 1.60 handle, an area that should be rather supportive.
The GBP/USD pair fell during the session on Thursday, reversing the recent uptrend. However, we think there is plenty of support below, and recognize the fact that the 1.60 level should be the “floor” in this market....
