Tag: GBPUSD

The GBP/USD pair had a slightly positive session on Wednesday, clinging to the 1.5250 area yet again. However, this market is essentially “dead money” at the moment, as it simply has no drive to break in one...

The GBP/USD pair fell during the session again on Tuesday, but found enough support just below the 1.5250 level to bounce and stay within the tight range that we have been in lately.

The GBP/USD pair rose during the session on Monday, showing that the 1.5250 level still offers support. Having said that, we think that this market could be consolidating at this point in time, and think that the...

A potential reversal is looming on GBP/USD as the pair formed a complex head and shoulders pattern on the 4-hour time frame.The pair is currently testing the neckline around the 1.5250 minor psychological support level.

The GBP/USD pair attempted to rally during the session on Friday, but as you can see ended up falling flat on its face. Moody’s downgraded the British economy late in the session on Friday, so the markets...

The GBP/USD pair found support at the 1.250 level again during the session on Thursday, and bounced enough to break above the 1.53 handle at one point during the day. However, we did give back a little...

The GBP/USD pair fell during the session on Wednesday, and in fact many stood Pierce the 1.5250 support level. We now have a situation where shorting this pair is possible, but only under the 1.52 level. Until...

The GBP/USD pair rose during the session on Tuesday in order to prove the 1.5250 level as support. This area continues to be an area that we watch as it was once previously massive resistance.

The GBP/USD pair fell during the session on Monday, as all “risk on” pairs did. However, the 1.5250 level offered enough support to keep the market above it. This was her previous resistance, so is interesting to...