GBPUSD’s downward movement from 1.5605 extends to as low as 1.5014. Further decline is still possible next week, and next target would be at 1.4900 area. Resistance is at 1.5250, only break above this level could signal...
The GBP/USD pair rose during the session on Friday, but not enough to make a substantial move. We are essentially meandering around the middle of the range that the market is trading and currently, and as a...
The recent correction in GBP/USD is giving pound bears a chance to hop in the ongoing selloff at a better price. The pair rebounded off its recent lows and appears to be making a pullback to any...
The GBP/USD pair had a positive session as we bounced off of the 1.50 level during the Thursday trading hours. This is the move that we had anticipated, as the area would of course be very significant...
The GBP/USD pair fell during the session on Wednesday, testing the 1.50 handle that we had suggested was a target recently. This level appears to be supportive enough that the market is down slightly, and because of...
The GBP/USD pair fell rather sharply during the session on Tuesday, as the 1.5250 reaching yet again caused quite a bit of resistance. This pair looks like it’s ready to continue lower, and as a result we...
The GBP/USD pair had a positive showing on Monday, breaking above the 1.5250 level at one point during the session. You can see that the market is hovering right around that area, but quite frankly we suspect...
GBPUSD broke below the lower line of the price channel on daily chart suggesting that the uptrend from 1.4831 had completed at 1.5605 already. Deeper decline is still possible next week, and the target would be at...
The GBP/USD pair fell during the session on Friday, clearing the 1.5250 level again. This market looks especially bearish considering that we have broken down below the lows from the hammer on Wednesday as well.
The GBP/USD market went back and forth during the session on Thursday, focusing mainly on the 1.5250 level as its center of gravity.
