GBPUSD broke below 1.6251 key support, suggesting that a cycle top has been formed at 1.6875 level on daily chart. Another fall towards 1.5708 would more likely be seen in next several days. Resistance is at 1.6370...
GBP/USD Open 1.6274 High 1.6342 Low 1.6216 Close 1.6276Pound/Dollar traded hesitantly and with volatility on Thursday. Quotes attempted to decrease, reaching a bottom at 1.6216, from where the Cable bounced up to the 1.6342 top, closing the...
GBP/USD Open 1.6266 High 1.6344 Low 1.6167 Close 1.6268Pound/Dollar made a significant downward movement on Wednesday, reaching a bottom at 1.6167, from where the Cable sharply jumped to the 1.6344 top, closing the day at 1.6268. This...
GBP/USD Open 1.6246 High 1.6476 Low 1.6167 Close 1.6284.Pound/Dollar extended its bearish movement on Tuesday, forming divergence on the daily chart. As seen in the 3 hour chart, after 2 higher and 2 lower tops, bulls have...
GBP/USD Open 1.6458 High 1.6516 Low 1.6315 Close 1.6445Pound/Dollar continued descending on Monday. The currency couple first tried to reach higher, making a top at 1.6516, where further bullish momentum was limited, and the Cable renewed its...
No changed in our view, GBPUSD is forming a cycle top at 1.6875 level on daily chart. Key support is located at 1.6251, below this level will confirm the cycle top and signal another fall towards 1.5708...
GBP/USD Open 1.6661 High 1.6720 Low 1.6552 Close 1.6627Pound/Dollar made a lowering attempt on Wednesday, sliding down to the 1.6552 support, but failed to continue the downward momentum, and turned sharply upward, drilling up the 1.6995 resistance,...
GBP/USD Open 1.6620 High 1.6648 Low 1.6396 Close 1.6610After Pound/Dollar failed to retain its earlier gains yesterday, it started dropping from Tuesday’s top at 1.6648, closing the day at 1.6610. Downward pressure came from a report showing...
GBP/USD Open 1.6453 High 1.6726 Low 1.6271 Close 1.6438Pound/Dollar traded indecisively on Monday, climbing up first to 1.6593 top, from where it started dropping down to 1.6389 bottom, closing the day at 1.6438. On the 3 hour...
GBPUSD might be forming a cycle top at 1.6875 level on daily chart. Key support is located at 1.6251, a breakdown below this level will confirm the cycle top and indicate that the rise from 1.5708 has...
