Tag: GBPUSD

A double top pattern has formed on GBP/USD’s short term time frame, which means that a possible reversal from the current uptrend could happen.

The GBP/USD pair rose during the session on Wednesday, but did not break the top of the shooting star from Tuesday. It doesn’t really matter though, with nonfarm payroll coming so soon, we feel that this market...

GBP/USD was rejected at the 1.6250 minor psychological resistance yesterday, as pound bulls need to gather more energy before pushing this pair higher.

The GBP/USD pair attempted to rally during the session on Tuesday, but as you can see had formed a shooting star at the 1.62 handle as resistance be  too strong for the buyers seemed too strong for...

The GBP/USD pair initially fell during the session on Monday, but as you can see found enough support to bounce and form a relatively nice looking hammer. This hammer of course suggests that we are going higher,...

The GBP/USD pair rose during the session on Friday, testing the highs yet again. We did not break above the 1.6150 level though, and as a result we are simply waiting to see that happen on a...

The GBP/USD pair fell for the third day in a row only to pop back up just as it has in the past three days. That being the case, it looks more and more like the 1.60...

The GBP/USD pair rose during the session on Wednesday, bouncing off the 1.60 handle, proving it to be very supportive. This is the break of a hammer from the previous day that we have been waiting for...

The GBP/USD pair fell during the majority of the session on Tuesday, breaking below the 1.60 handle. This area is a significantly large round number, so of course there was a certain amount of interest in it...