The GBP/USD pair rallied during the session on Tuesday, but gave back quite a bit of the gains in order to form something along the lines of a shooting star, or possibly a neutral candle. However,
The GBP/USD pair rose during the session on Monday, but as you can see gave back a significant portion of the gains. Nonetheless though, we did trigger by signals as we broke the top of several hammers.
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 another rise towards 1.6000 is still...
The GBP/USD pair has shown yet another supportive candle near the 1.55 handle on Friday. Because of this, we believe that ultimately this pair will continue higher, but at this moment in time we do not have...
The GBP/USD pair fell again during the session on Thursday, but as you can see the 1.55 level continues to offer plenty of support. In fact, we formed two hammers before this candle, and as a result...
The GBP/USD pair fell during the session on Wednesday, breaking well below the 1.55 handle during the day. However, you can see that the markets did in fact find enough support to bounce back over that level,...
Bank of England Governor Mark Carney, the first non-British Bank of England Governor, delivered his maiden speech today after he failed to score with financial markets after the release of minutes from his maiden Bank of England...
GBP/USD has sold off in the past few trading days, signaling that a longer-term downtrend is starting to unfold. Before that happens though, GBP/USD could still pull back to an area of interest seen on the 1-hour...
The GBP/USD pair fell during the session on Tuesday, slicing through the 1.55 handle at one point during the day. However, as you can see we bounced enough from that area in order to form a hammer,...
The GBP/USD pair did very little during the session on Monday, as you can see essentially closing the market unchanged. We are in between two significant areas in the former 1.55, and the 1.5750 level.
