Tag: GBPUSD

The GBP/USD pair fell during the session on Friday, but as you can see found enough support at the 1.55 level in order to form a hammer. This hammer suggests that we are going higher, and as...

The GBP/USD pair shot straight up during the session on Thursday as the Dollar lost ground against most currencies. This was predicated upon a selloff against the Yen, and then cascaded throughout the marketplace.

The GBP/USD pair shot straight up during the session on Wednesday as the market even managed to break above the 1.5 for resistance level. Because of this, we believe that the British pound will continue higher, and...

The GBP/USD pair fell during the session on Tuesday, but as you can see bounced enough in order to form a hammer. You are clearly above the 1.5250 level now, and as a result it looks like...

The GBP/USD pair shot straight up during the session on Monday, as the ISM numbers out of United States came in below 50. However, you can see we have given quite a bit of the gains back,...

The GBP/USD pair fell during the balance of the session on Friday, but as you can see bounced enough to form a hammer. Interestingly enough, not only is the daily candle a hammer, but so is the...

The GBP/USD pair had a very strong showing on Thursday, breaking out and shooting towards the 1.5250 handle. We did managed to break above that level for the session, but without a doubt showed a strong candle...

The GBP/USD pair had a strong showing during the Wednesday session, bouncing off of the 1.50 yet again. However, we did not see a breakout, rather we simply saw a market that bounce back to the top...

The GBP/USD pair fell slightly during the session on Monday, but considering that both the Americans and the British were off on holiday, this market will have been relatively illiquid. We are hanging around the 1.51 handle,...