Tag: GBPUSD

GBP/USD already broke below the rising trend line on the 4-hour time frame earlier this week, but it appears that the pair has found support around the 1.5200 major psychological level for now.

The GBP/USD pair went back and forth during the session on Wednesday as the 1.52 level was initially broken. However, by the end of the session we had bounced back above that support level, and in fact...

The GBP/USD pair initially rallied on Tuesday, but this rally had absolutely no momentum. At the end of the day, we sell this market slamming into the 1.5250 support level, breaking down towards the 1.52 handle.

The GBP/USD pair initially rose during the session on Monday, but as you can see fell later in the day to form a negative candle. This negative candle is sitting just above the 1.5250 level, an area...

GBP/USD had a strong selloff towards the end of the previous week when the U.S. Federal Reserve talked about their concrete plans to exit from their ongoing open-ended asset purchase program. However, the pair has found support...

The GBP/USD pair fell during the session on Friday, as the US dollar gained against almost everything. This market solve the British pound fall below the 1.54 level, an area that we suggested would be significant.

The GBP/USD pair fell during the session on Thursday, closing below the recent range that has been focused on the 1.55 level. The market appears to be bearish at the moment, but the longer-term action has been...

The GBP/USD pair rallied during the session on Wednesday, but as you can see found for what the 1.56 level yet again. Because of the pullback, it’s obvious that we are still within the recent consolidation area,...

The GBP/USD pair fell on Tuesday, breaking below the 1.55 level. The market continues to grind away though, and as you can see support came back into the marketplace and push prices up a bit from the...