The GBP/USD pair fell initially during the session on Monday, but found support at the 1.60 level again and shot straight through the 1.61 handle by the end of the session. The resulting candle is very much...
GBPUSD has formed a cycle top at 1.6339 on daily chart. Further decline could be seen over the next several days, and next target would be at 1.5900 area. Key resistance is at 1.6339, only break above...
The GBP/USD pair fell during the Friday session, but found plenty of support at the 1.60 level in order to bounce and formed a nice-looking hammer. This hammer is formed essentially where you expected to be, and...
The GBP/USD pair fell absolutely fell apart during the Thursday session after forming a massive shooting star on Wednesday. However, we stopped essentially at the 1.61 handle, an area that we pointed out as potential support previously.
Market Commentary The Dollar Index continued appreciating after finding support at 79.00 ranges to currently trade at 80.75 with 81.20-81.50 acting as short term resistance. As against historic inverse correlation between the benchmark equity index of the...
The GBP/USD pair initially had a very strong showing during the Wednesday session when word got out that the U.S. Congress agreed to a “fiscal cliff” deal. During Asian trading, we saw this pair shoot straight up...
Market Commentary The US Dollar traded mixed on the last day of 2012 wherein it has depreciated against the Cable and continued appreciating against the Yen and traded flat against the Euro, Swiss France and the Aussie....
The GBP/USD pair shot straight up during the session on Monday as the cable pair still looks outstandingly strong. Within this chart, we still see the 1.63 level as a significant resistance area, but all in all...
GBPUSD breaks below 1.6100 support, suggesting that a cycle top has been formed at 1.6306 on daily chart. Further decline would likely be seen next week, and next target would be at 1.5900 area. Key resistance is...
The GBP/USD pair rose during the session after initially falling on Friday in order to show the 1.61 level as being supportive. We believe that the market is essentially a bull market, and as such we are...
