The GBP/USD pair went back and forth on Tuesday, forming a hammer in the end and suggesting that the market is going to go higher. That being the case, we still believe that this market heads towards...
The GBP/USD pair rose during the session on Monday, clearly vaulting over the 1.5250 handle. This is the level that we had previously stated needed to be overcome in order to feel bullish about this market, and...
After touching 1.4831 support, GBPUSD rebounded strongly from 1.4813, and the rise extended to as high as 1.5281. Further rally would likely be seen next week, and next target would be at 1.5550 area.
The GBP/USD pair rose during the session on Friday, breaking above the recent high that we had formed on Wednesday. Now that we have clear the 1.5250 handle easily, it appears that we are heading towards 1.55...
The uptrend for Cable is still going on the 1-hour time frame, as the pair is trading inside a channel with higher lows and higher highs. The pair is currently sitting around the middle of the channel,...
The GBP/USD pair rose during the session on Wednesday, but as you can see found quite a bit of resistance of the 1.5250 handle.
The GBP/USD pair fell initially during the session on Tuesday, but as you can see bounced enough to form a green hammer by the end of the day. We think that this market is going to the...
GBP/USD is making a tight consolidation pattern on its shorter-term time frames (1-hour and 15-minute charts), as traders await the release of the UK CPI data.
The market pulled back during the session on Monday, but as you can see the GBP/USD pair found enough support at the 1.50 handle in order to bounce and form a hammer. The hammer as you can...
GBPUSD broke below 1.4831 support, suggesting that the long term downtrend from 1.6339 (Jan 2 high) has resumed. Further decline would likely be seen after consolidation, and next target would be at 1.4500 area.
