Tag: GBPUSD

The GBP/USD pair fell hard on Friday, as the “risk off” trade came rushing back into the markets. The change in attitude saw the Dollar reign during the day, and as such we are not willing to...

Cable has broken out of the triangle in which it was consolidating and started to rally up quite strongly. 1.5750 is within reach and after that there is the possibility of a continuation to the level of...

The GBP/USD pair fell over the course of the Wednesday session, only to turn around and bounce to form the third daily hammer in a row. Triple hammers are a very rare occurrence in the Forex markets,...

The GBP/USD pair fell during the first part of the trading session on Tuesday, only to bounce back to form yet another hammer. This is the second one in a row, and after the massive bullish action...

The GBP/USD has been unfolding lower in an expanding triangle visible on the daily chart. The recent up-leg has encountered resistance from the upper boundary line at the current 1.5645 highs. From here there is a possibility...

The GBP/USD pair initially fell during the Monday session, only to bounce back and form a bit of a hammer on top of the massive green candle from Friday. This looks as if the 1.56 level will...