The GBP/USD pair fell hard during the session on Wednesday as the World Bank downgraded its outlook for the British economy. However, the 1.60 handle offered support as we would expect, and as a result not much...
GBP/USD fell during the session on Tuesday, but in reality the slightly negative candle could be looked at as nothing more than a neutral session. We are still above the 1.60 support level; it is a result...
Market Commentary The Dollar Index is trading at 79.50 ranges, near the support of the sideways trading range of 79.00-81.00 formed since couple of months; next leg of weakness in the USD is expected only on the...
The GBP/USD pair fell during the session on Monday as the markets continue to reach for the 1.60 support level. However, towards the end of the day we saw buyers stepped back into the marketplace, and as...
Market Commentary The US Dollar traded mixed wherein it has traded weak against the Euro and the Aussie; continued to appreciate against the Japanese Yen and traded flat against the Cable. The Dollar Index is trading at...
GBPUSD may be forming a cycle bottom at 1.5993 on daily chart. Another rise towards 1.6500 would likely be seen over the next several weeks, and a break above 1.6200 will confirm the resumption of the uptrend...
The GBP/USD pair fell during the Friday session, but bounced enough in order to form a hammer by the end of the session. We are well above the 1.61 handle, and the bullish move from Thursday appears...
The GBP/USD pair shot straight up like it was fired out of a cannon on Thursday. The 1.60 level continues offer significant support, and going forward we still think this market is heading towards 1.63 in the...
The GBP/USD pair fell during the session again on Wednesday as the bearish pressure continues. However, the 1.60 level has offered support yet again and although we pierced it, we could not sustain that move.
The GBP/USD pair fell during the session on Tuesday, but still remains above the vital 1.60 support level. Because of this, we think this pair still has a strong chance of going higher, and we are not...
