GBP/USD had a bearish session on Wednesday as the markets continue to worry about all things European. The risk appetite just wasn’t there for people to buy the cable, and as is so often the result, they...
The GBP/USD pair fell hard during the Tuesday session as the recent hammer from the Friday session is being tested for support. The breaking of the 1.5700 level would be a signal for us to sell this...
The “G8” leaders agreed to continue taking measures to strengthen the
The GBP/USD pair rose slightly during the Monday session as the 50% Fibonacci level continues to hold the market up. The hammer from the Friday session had us looking at a possible buy in this pair, but...
The GBP/USD pair has been viciously sold off over the last several sessions, but the Friday markets saw a bit of a reprieve. The daily candle closed to form a bullish hammer at the 1.58 vicinity, and...
GBPUSD breaks below the upward trend line on daily chart, and reaches as low as 1.5732, suggesting that the upward movement from 1.5236 has completed. Further decline would likely be seen next week, and next target would...
The GBP/USD pair fell extremely hard during the Thursday session, and the 200 day exponential moving average has now given way to the bears. The pair looks like a sell only market at the moment, and is...
Technical analysis for 17/05
The GBP/USD pair fell on Wednesday to reach for the 1.59 level. However, we didn’t close below it, and that is the sell signal that we have waited for. Until that happens, we are very interested in...
The GBP/USD pair fell very hard on Tuesday to slam into the 1.60 level. The area was the site of a breakout last month, and should therefore be supportive now. However, the price action is very bearish,...
