The GBP/USD pair went back and forth during the session on Monday, seeing a significant amount of volatility, but in the end closing basically unchanged. This market found a lot of resistance of the 1.5250 level, and...
GBPUSD is facing the support of the lower line of the price channel on daily chart. A clear break below the channel support will indicate that the downtrend from 1.6339 has resumed, then the following downward movement...
The GBP/USD pair fell during the session on Friday, continuing the move below the 1.5250 handle, but bounced in the end in order to form a hammer. This market should see significant support in this general vicinity,...
The GBP/USD pair fell during the session on Thursday, breaking below the 1.5250 target that we had initially said. Because of this, we have pull out of this marketplace, and on top of that it appears that...
GBP/USD is still on a steady downtrend on its 1-hour time frame, as the pair is moving below a falling trend line connecting its recent highs for the month.
GBP/USD fell fairly hard during the session on Wednesday, cracking down to the 1.53 handle during the session. We have targeted the 1.5250 level, and as a result we are still short of this market. We expect...
The GBP/USD pair fell during the session on Tuesday, but did find a bit of support near the 1.54 handle in order to form a neutral candle the looks somewhat like a hammer.
The GBP/USD pair had a positive session on Monday as the markets came back to retrace some of the losses that the market had on Friday.
GBPUSD remains in uptrend from 1.4831, the price action from 1.5605 could be treated as consolidation of the uptrend. Pullback to test the support of the lower line of the price channel on daily chart would likely...
The GBP/USD pair fell during the session on Friday, breaking the bottom of the hammer from the Thursday session. Because of this, we think this shows significant weakness, and that the 1.55 level will more than likely...
