The GBP/USD pair had another bullish session on Monday as traders continue to push the value of the British pound higher. This is a simple yield differential play at this point in time, as the Bank of...
The GBP/USD pair shot straight up during the Friday session as the Federal Reserve Chairman Ben Bernanke suggested that the Federal Reserve could begin to buy U.S. Treasury’s again, driving yields even lower to drive investors looking...
On Friday, the US Dollar depreciated off the European session highs to close just above the critical support of 81.00 ranges to currently trade at 81.23 the short-term trend is still range bound between 81.00 and 82.10;...
GBPUSD remains in uptrend from 1.5268. Further rise could be expected after a minor consolidation, and next target would be at 1.6000. Support is at 1.5750, only break below this level could indicate that a cycle top...
The GBP/USD pair fell during the session on Thursday after initially trying to surge higher. The oddly shaped candle ended up being somewhat of a shooting star, but isn’t quite shaped correctly to get us too concerned....
The US Dollar is still trading flat at 81.64 with 81.00-81.20 acting as support and 82.10-82.30 acting as resistance; only daily close below 81.00 would lead to further depreciation in the USD across the board. The benchmark...
Technical analysis for 30.08
The GBP/USD is consolidating with a bias to the upside. My preference is for a missing wave higher to re-test the 1.5909 highs, with a break above the 1.5855 level providing some confirmation. Alternatively, the top of...
The US Dollar is trading flat at 81.54 with 81.00-81.20 acting as support and 82.10-82.30 acting as resistance; only daily close below 81.00 would lead to further depreciation in the USD across the board.
The GBP/USD pair had a fairly wild ride on Wednesday, as it both rose and fell during the trading session. By the time it was all said and done, the market had finished in a fairly neutral...
