GBPUSD remains in uptrend from 1.5268, the fall from 1.6309 is treated as consolidation of the uptrend. Lengthier consolidation of the uptrend could be expected, and deeper decline to1.5800-1.5900 area would likely be seen next week.
The GBP/USD pair fell on Friday again as the market continues to look very weak. In fact, since the Wednesday close we have seen this market dropped 150 pips with almost no halt. The 1.60 level continues...
The US Dollar gained across the board after the Dollar Index again found support at 79.00 ranges. The Dollar appreciated most against the Cable, by more than 100 pips followed by the Euro and the Swiss France...
The GBP/USD pair initially rose during the session on Thursday, but failed at the 1.62 handle as the sellers stepped in. More concerning is the fact that we closed the very bottom of the range, and the...
The GBP/USD pair rose during the session on Wednesday, as the bounce from the 1.60 level continued. We close towards the top of the range right around the 1.6150 handle, and as such we think that we...
The US Dollar continues declining against most of the FX majors; the Greenback lost most against the Aussie by more than 70 pips, but consolidated against the Common currency, the Swiss Franc and the Cable.
The US Dollar continues down trend after hitting short term resistance of 80.25 ranges a couple of days back to currently trade at short term support of 79.20 resulting in appreciation of most of the asset classes,...
The GBP/USD pair struggled during the session on Monday, but did bounce in order to form a little bit of a hammer. We have seen the 1.60 handle offer quite a bit of support, and this would...
The GBP/USD pair rose during the session on Friday as the bounce from 1.60 got the pair moving to the positive side again. During the last summer, we saw a massive ascending triangle breakout at the 1.58...
The Dollar Index gains more than 40 points amidst weaker asset classes especially the equities. The Greenback gained most against the Common currency, the Cable and the Swiss Franc where as trading flat against the Aussie. Currently...
