The GBP/USD pair had another rough day on Thursday as the bearish tone in the markets continue to run over everything else. The Pound has suffered over the last several days, and the fact that we have...
The GBP/USD pair fell apart on the Wednesday session as the “risk off” trade continued. The 1.5650 level gave way in short order, and the 1.55 level has even been violated at this point. The pair will...
The Greek banks received a total of 18 billion Euros as the second program of assistance to Greece from the EU and the IMF.
GBP/USD fell for the session on Tuesday as the bears continue to pound away at the Pound. The 1.5650 to 1.56 level was violated, but held up at the end of the day. The area didn’t really...
Technical analysis for 29/05
The GBP/USD pair attempted to rally during the Monday session, but failed to have any follow through. The pair has been sold off in a steady and ruthless manner, and the fact that the bulls can’t push...
GBP/USD has been beaten up pretty badly over the last several sessions, and the Friday markets did little to raise hopes for the bulls. Granted, the session was essentially unchanged, but with the recent fall, many would...
GBPUSD’s downward movement from 1.6301 extends to as low as 1.5630. Further decline would likely be seen next week, and next target would be at 1.5400 area. Resistance is at 1.5750, only break above this level could...
The GBP/USD pair has fallen again during the Thursday session to test the support level at the 1.5650 level. The level was our “line in the sand” for the bulls, and the fact that we have touched...
The Retail Sales in the UK were significantly worse than expected in April.
