The GBP/USD pair went back and forth during the session on Friday, forming a relatively neutral candle that closed just slightly negative. That being the case, we are still in the middle of two significant areas, and...
GBPUSD’s upward movement from 1.4813 extended to as high as 1.5717. Support remains at the upward trend line on daily chart, as long as the trend line support holds, the uptrend could be expected to continue, and...
The GBP/USD pair fell during the session on Thursday, but as you can see bounced a bit in order to form a hammer. However, we don’t like buying this hammer here simply because it is in between...
The GBP/USD pair tried to rally during the session on Wednesday, but as you can see failed and formed a shooting star. This of course is a very negative sign, and the fact that the shooting star...
The latest Fed minutes have been released and there have been no new hints on tapering. Investors are increasingly nervous and impatient after Bernanke mentioned the much dreaded ‘t-word’; tapering. Currently the U.S. wastes $85 Billion per...
The GBP/USD pair went higher during the session on Tuesday, breaking the top of the shooting star from the Monday trading hours. However, we think that this market is going to run into trouble the closer we...
GBP/USD has made another new high recently, as it broke slightly above the bullish pennant or flag pattern on its 1-hour time frame. However, it appears that the upward pressure isn’t that strong yet and the pair...
The GBP/USD pair rallied during the session on Monday, breaking above the 1.5650 level. However, as you can see we did not hold onto much of the gains in it appears that the market is getting a...
GBPUSD stays above a upward trend line on daily chart, and remains in uptrend from 1.4813, and the rise extends to as high as 1.5656. Further rise is still possible, and next target would be at 1.5800...
The GBP/USD pair did very little during the session on Friday, as you can see essentially sitting still. Because of this we think that the market is simply trying to catch its breath after the big breakout.
