The GBP/USD pair attempted to smash through the 1.57 level on Monday, but was turned around and form a shooting star. Normally, this would have us very bearish of a currency pair, but as you can see...
Market review for 6 – 10.08.2012
GBP/USD has been an interesting currency pair as of late, and Friday was no different. We saw a high during the session of 1.57 exactly, and it shows that we are banging against the door yet again....
GBPUSD has formed a sideways consolidation in a range between 1.5393 and 1.5776. Another rise to test 1.5776 resistance would likely be seen, a break above this level will target 1.5900 area. Key support is at 1.5393,...
The GBP/USD had a slightly bearish session during the Thursday markets, as the “risk off” trade came back into play. However, by the end of the session we manage to regain half of our losses in order...
Market review for 08.08.12: The pound grew sharply when the Bank of England expressed less concerns of about the British economy outlook.
GBP/USD rose during the session on Wednesday in an attempt to break above the shooting star from the Tuesday session. Considering that there was little news to move the markets overall, it should be said that this...
Technical analysis for 8.08
GBP/USD rose during the session on Tuesday as the bullish traders attempted to push the pair above the 1.57 level. The area has held as resistance yet again, but we should recognize the fact that the lows...
Market review for 30.07 – 3.08.2012
