The GBP/USD pair shot straight up like a rocket during the Friday session after the nonfarm payroll numbers came out. It had already been positive for the session, but the jobs situation in the United States only...
GBPUSD stays in a trading range between 1.5393 and 1.5776. The price action in the range is likely consolidation of the uptrend from 1.5268, another rise is expected after consolidation, and a break above 1.5776 could signal...
The pound is still consolidating and moving broadly sideways. Yesterday’s spike-down means the exchange rate has hit its range lows. It is currently beginning a recovery rally although the 50-day MA is resisting. A move above 1.5620...
The GBP/USD pair fell drastically after initially gaining during the Thursday session. In fact, the pair had a raced roughly 75 pips ahead of the ECB meeting. Once the ECB and the Bank of England both got...
Market review for 01.08.12: The Fed of U.S. did not announced any new steps for supporting the National economy.
The GBP/USD pair is moving lower after some poor data today. It has, however, reached a thick cluster of support at the current 1.5610 lows which includes the 50-day MA, the monthly pivot and the 50 and...
Market review for 31.07.12: The unemployment rate of Japan unexpectedly fell in June.
The GBP/USD fell during the session on Tuesday as the British pound got pummeled. In fact, we broke the bottom of the hammer from the Monday session that it of course signal selling positions. However, at the...
GBP/USD fell during most of the session on Monday, but found its footing at the 1.57 level to look like it’s ready to try to break out yet again. The 1.58 level above is still resistive, but...
Market review for 30.07.12: The markets in anticipation of the ECB and Fed of U.S. meetings.
