GBP/USD rose on Monday, only to fall back down and formed a shooting star. The 1.59 level looks resistive at this point, and it is cause for the buyers to be somewhat concerned in the short-term.
The Dollar Index is trading at 81.25 with 81.00-81.20 ranges still acting as short term resistance from where is sold off during September last.
GBPUSD continues its downward movement from 1.6309, and the fall extends to as low as 1.5827. Further decline is still possible after consolidation, and next target would be at 1.5700 area.
The GBP/USD pair fell during the start of the Friday session, but bounced later in order to form a slightly positive candle. It appears that the 1.58 level will offer support, and on the longer-term charts we...
The Dollar Index is trading at 81.20 with 81.00-81.20 ranges still acting as short term resistance; the USD has traded mixed wherein it has lost more than 50 pips against the Euro and the Swiss Franc, about...
The GBP/USD pair initially tried to rally during the session on Wednesday, but was met with selling at the 1.59 level. The candle is bearish, and we are breaking the lows of the previous session which of...
The Dollar Index is trading at 81.20 with 81.00-81.20 ranges still acting as short term resistance after the FOMC meeting yesterday. The Dollar Index is expected to again find resistance at 81.00-81.20 ranges from where is sold...
The GBP/USD pair initially tried to rally during the Tuesday session, but was beat back at the 1.59 level. The resulting action caused a shooting star to form for the day, and it now looks like we’re...
The Dollar Index is trading at the short term resistance of 81.00-81.20 ranges after the FOMC meeting yesterday. The Dollar Index may again expected to find resistance at 81.00-81.20 ranges from where is sold off during September...
GBP/USD fell during the session after initially trying to gain on Monday, and managed to close below the 1.59 level. This level was very significant to us as it was the bottom of the “zone” that was...
