GBPUSD’s downtrend from 1.6875 extended further to as low as 1.5829. The subsequent bounce is more likely consolidation of downtrend. Deeper decline is still possible after consolidation. Resistance is located on the upper border of the falling...
GBP/USD Open 1.5891 High 1.6068 Low 1.5878 Close 1.5902Pound/Dollar showed a strong increasing momentum on Tuesday, reaching a peak at 1.6068, from where the Sterling collapsed down to the 1.5878 bottom, closing the day at 1.5902. On...
GBP/USD Open 1.6002 High 1.6068 Low 1.5932 Close 1.5999After a week of declining movements Pound/Dollar yesterday showed an increasing momentum and started climbing from the 1.5932 bottom, closing the day at 1.5999. On the 4 hour chart...
GBP/USD Open 1.5958 High 1.6021 Low 1.5924 Close 1.5942In December Pound/Dollar consolidated, forming convergence. Last week the Cable undertook continued descending, but the key support at 1.5924 could not be overcome and the British currency corrected upwards....
GBPUSD remains in downtrend from 1.6875 and the fall extended further to as low as 1.5920. Deeper decline towards 1.5708 is still possible next week. Resistance is now at the falling trend line on daily chart now...
GBP/USD Open 1.5970 High 1.6095 Low 1.5926 Close 1.5962Pound/Dollar continued bearish movement on Tuesday from the 1.6095 top, reaching a bottom at 1.5926, and and closing the day at 1.5962, remaining consistently above the important 1.5926 support...
GBP/USD Open 1.6055 High 1.6164 Low 1.6029 Close 1.6031Pound/Dollar made hesitant movements on Monday, also forming divergence on the daily chart. The Cable climbed to the 1.6164 top, from where it dropped down to 1.6029, closing the...
GBP/USD Open 1.6133 High 1.6237 Low 1.6062 Close 1.6154Pound/Dollar made a significant bearish movement on Friday, from the 1.6237 top to the bottom at 1.6061, closing the week at 1.6154. Our expectations are for further downward extension....
GBPUSD runs in a falling price channel on daily chart and remains in downtrend from 1.6875. As long as the channel resistance holds, we’d expect downtrend to continue and further decline towards 1.5900-1.6000 area is possible.
GBP/USD Open 1.6160 High 1.6332 Low 1.6089 Close 1.6153Pound/Dollar made a decreasing movement down to the 1.6089 bottom on Thursday, as expected, which appeared to be good support and the Cable corrected upwards, closing the day at...
