The GBP/USD pair fell on Friday as the jobs number came out weaker than anticipated. The 1.55 level was violated, but not significantly so and as such we think that further weakness will need to be seen...
GBPUSD had formed a cycle top at 1.5776 on daily chart. Further decline to test 1.5236 support would likely be seen, a breakdown below this level will signal resumption of the downtrend from 1.6301, then the next...
The GBP/USD pair fell for much of the Thursday session as the Bank of England introduced new quantitative easing measures during the session. The pair has found the bottom of the recent consolidation range, which we see...
Technical analysis for 5.07
The GBP/USD pair fell during the session on Wednesday as European sold off risk assets in general. The British pound suffered against most currencies, and obviously the Dollar was never going to be any different.
The GBP/USD pair hasn’t done much over the last 48 hours. Tuesday ended up much like Wednesday, and that meant an unchanged market. The pair is currently sitting just under the 1.57 level which is the beginning...
The GBP/USD pair had a fairly tight range during the Monday session as traders returned from a relatively quiet weekend in comparison to the recent ones. The pair initially fell during the session, but did bounce back...
GBP/USD rose during the session as the “risk on” trade came back into play. The trading community reached for anything risk related, and this had a lot of the higher beta pairs gaining, this one included.
GBPUSD is facing 1.5776 resistance, as long as this level holds, the rise from 1.5268 could be treated as correction of the downtrend from 1.6301, another fall towards 1.5000 is still possible. However, a break above 1.5776...
GBP/USD fell during the session on Thursday as risk was drained out of the markets. 1.55 is an obvious support level, and it appears that the cluster has held for now. Going forward, a supportive candle in...
