EUR/USD: The EUR continues to struggle to break the 1.50 handle. Last week, the EUR on a daily chart, completed the formation of a double top just above resistance at 1.50 [shown in the red boxes in...
GBPUSD broke above 1.6741 resistance, suggesting that the fall from 1.7042 has completed at 1.5708 level already. Further rise towards 1.7042 would more likely be seen next week. Support level is at 1.6251, below this level will...
GBP/USD Open 1.6587 High 1.6687 Low 1.6516 Close 1.6575 Pound/Dollar made a significant downward movement on Thursday, from 1.6620 top to the 1.6515 bottom, closing the day at 1.6575. However, the upward channel remains unbroken. Although deep...
GBP/USD Open 1.6578 High 1.6782 Low 1.6603 Close 1.6567 Pound/Dollar also traded indecisively on Wednesday with an upward incline. The Cable reached the 1.6782 top, till the bad inflation data from BOE at 10:30 which sank the...
GBP/USD Open 1.6743 High 1.6789 Low 1.6603 Close 1.6741 Pound/Dollar continued their bullish trend on Tuesday, as expected, starting from the morning’s deep bottom 1.6603 up to the 1.6755 top, closing the day at 1.6741. On the...
GBP/USD Open 1.6775 High 1.6843 Low 1.6475 Close 1.6757 On Monday Pound/Dollar also climbed from 1.6617 to the 1.6843 top, closing the day at 1.6757. Today, however, the Cable deeply corrected, swallowing all yesterday’s rise. If Sterling...
GBPUSD traded in narrow range between 1.6251 and 1.6692. Below 1.6251 will indicate that a cycle top has been formed at 1.6692 level on daily chart, then another fall towards 1.5708 is expected to follow. However, a...
GBP/USD Open 1.6567 High 1.6638 Low 1.6475 Close 1.6581 Pound/Dollar also climbed on Thursday, from the 1.6475 bottom to the 1.6638 peak, closing the day at 1.6581. On the 3 hour chart the formed triangle was technically...
GBP/USD Open 1.6550 High 1.6595 Low 1.6400 Close 1.6555 Pound/Dollar also climbed on Wednesday, from the 1.6400 bottom, to the 1.6595 top, closing the day at 1.6555. Today the Cable is in a consolidation phase so far,...
GBP/USD Open 1.6419 High 1.6497 Low 1.6270 Close 1.6433 On Tuesday Pound/Dollar made indecisive movements, dropping first as expected down to the 1.6270 bottom, from where it climbed up to the 1.6445 top, closing the day at...
