GBPUSD Analysis – September 15, 2013
GBPUSD continues its upward movement from 1.4813 and the rise extends to as high as 1.5884. Support is located at the upward trend line on daily chart, as long as the trend line support holds, the uptrend...
Tag: GBPUSD
GBP/USD Forecast September 13, 2013, Technical Analysis
The GBP/USD pair fell during the session on Thursday, but bounced hard enough off the 1.5750 level in order to form a hammer. This hammer tells us that this market wants to go higher, and as a...
GBP/USD Forecast September 12, 2013, Technical Analysis
The GBP/USD pair broke out above the 1.5750 level on Wednesday, an area that we suspected was going to be very resistive. With that being the case, we feel this market will continue towards the 1.6 handle...
UK Jobless Rate Drops to 7.7%
Moments ago the Office of National Statistics reported that the UK jobless rate declined to 7.7% for the period between May – July which is the lowest reading since September – November of 2012 and down 0.1%...
GBP/USD Forecast September 11, 2013, Technical Analysis
The GBP/USD pair slammed into the 1.5750 level during the session on Tuesday, proving that area to be resistive still. With that being said, we await to see whether or not this market can breakout above the...
Trading the UK Jobs Release (September 11, 2013)
GBP/USD is still on an uptrend on the 1-hour time frame but it is currently stalling around the middle of the rising channel, suggesting that bulls are having trouble sustaining momentum. Today’s UK claimant count change report...
GBP/USD Forecast September 10, 2013, Technical Analysis
The GBP/USD pair rose during the session on Monday, but found the 1.5750 level to be far too resistive as one would expect. The resulting candle is pretty positive, but we think that the market is still...
GBPUSD Analysis – September 8, 2013
GBPUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.4813, the fall from 1.5717 could be treated as consolidation of the uptrend. As long as the trend line support holds, the...
GBP/USD Forecast September9, 2013, Technical Analysis
The GBP/USD pair tried to rally during the session on Friday, and although it did keep some of the gains you can see that it gave back quite a bit of the gains later in the day....
GBP/USD Forecast September 5, 2013, Technical Analysis
The GBP/USD pair rose during the session on Wednesday, breaking the top of the shooting star that had been formed on Tuesday. We have been saying for a while now that we think this market is going...