The GBP/USD pair attempted to breakout and above the 1.50 handle during the Wednesday session, but as we had stated in yesterday’s analysis, the 1.50 level offered a significant amount of resistance.
The GBP/USD pair fell during the session on Tuesday, but found enough strength to bounce back and form a bit of a hammer. This is normally a very strong sign, but will we would be concerned about...
The GBP/USD pair went back and forth during the Monday session, essentially closing unchanged. We are bounce around just above the 1.49 level, an area that could cause a bit of support as it is a “big...
GBPUSD stays below a downward trend line on daily chart, and remains in downtrend from 1.6339, and the fall extends to as low as 1.4887. Further decline could be expected after a minor consolidation, and next target...
The GBP/USD pair broke through the 1.50 support level during the session on Friday, showing a new leg lower in this marketplace. This was predicated mainly upon the Americans announcing that they added 265,000 jobs during the...
The GBP/USD pair fell below the 1.50 level during the session on Wednesday, which of course is a significant support level. We believe that this level will open the way for a much lower exchange rate in...
The GBP/USD pair had a strong showing on Monday, as the 1.50 level has offered support yet again. Whether or not this could be some type of unwinding of the short sell is a completely different question,...
GBPUSD continues its downward movement from 1.6339, and the fall extends to as low as 1.4986. Further decline is still possible after a minor consolidation, and next target would be at 1.4800 area.
The GBP/USD pair fell during the Friday session, and closed right at the 1.50 handle. This is a very bearish turn of events; it appears that the Pound is destined to fall through the 1.50 handle soon.
The GBP/USD pair tried to rally during the Thursday session, but as you can see the range was relatively tight, and the market formed a shooting star shaped candle. Going forward, we do have a hammer any...
