GBPUSD’s fall from 1.5776 extends to as low as 1.5393. Further decline to test 1.5236 support is still possible after a minor consolidation. Resistance is at 1.5650, as long as this level holds, the downtrend could be...
The GBP/USD pair surge during the Friday session as the “risk on” trade came back into play. The US dollar was beat up pretty much around the world, and as such certain pairs really accelerated to the...
The GBP/USD pair has been forming a large triangle on the weekly chart which now looks close to completion. The exchange rate has broken partially below the lower triangle line, closing outside it yesterday. If it continues...
The GBP/USD pair fell during most of the Thursday session in order to break down below recent support. The 1.55 level has been taken out at this point, and it does suggest to us that this pair...
The GBP/USD pair fell during the session on Wednesday, as the FMOC minutes released gave no suggestion of further easing out of the United States. Because of this, we now have a situation in this pair that...
Technical analysis for 11.07
GBP/USD fell for most of the Tuesday session as the “risk off” trade came back into play. This was probably less of a referendum on the British pound then it was a confirmation of US dollar bullishness.
Market review for 09.07.12: The Euro-Zone Sentix Investor Confidence index fell in July to the -29.6 points value. Asian and European trading sessions:
The GBP/USD pair had a slightly positive session on Monday as traders came back to resume the consolidated of tone in this currency pair. The 1.55 level has been sportive for the last month or so, and...
Market review for 2 – 6.07.2012
