GBPUSD is facing 1.4345 resistance. A breakout of this level would indicate that the uptrend from 1.1946 (Oct 7, 2016 low) has resumed, then next target would be at 1.5000 area. Support levels are at 1.3950 and...
GBPUSD is facing 1.4244 resistance. A breakout of this level could trigger further upside movement towards 1.4350. Support is at 1.4100, a breakdown below this level would confirm that the uptrend is complete, then the following downside...
GBPUSD’s bounce from 1.3965 extended to as high as 1.4187. Further rise to test 1.4244 resistance is still possible. As long as this level holds, the bounce would possibly be correction of the downtrend from 1.4244, and...
The British pound rallied significantly during the trading session on Monday but ran into a little bit of trouble at 1.4150 level. However, this is a minor area and I think that it’s unlikely to keep the...
GBPUSD broke above 1.4096 resistance, suggesting that lengthier consolidation for the downtrend from 1.4244 is underway. Further rally is still possible and the target would be at 1.4150 area. However, as long as 1.4150 resistance holds, the...
GBPUSD stays in a trading range between 1.3711 and 1.4345. Another fall towards 1.3711 support could be expected next week. A breakdown below this level would suggest that the bullish movement from 1.1946 (Oct 7, 2016 low)...
GBPUSD broke below 1.4008 support and extended its downside movement from 1.4244 to as low as 1.3965. Further decline could be expected in a couple of days and next target would be at 1.3889 support. Below this...
GBPUSD’s bounce from 1.4008 extended to as high as 1.4096. Resistance is at 1.4150, as long as this level holds, the bounce could be treated as consolidation for the downtrend from 1.4244, and a breakdown below 1.4008...
The British pound has been very noisy during the trading session on Tuesday, as we continue to see a lot of noise in this market, just above the 1.40 level. That’s an area that has a certain...
GBPUSD remains in the downtrend from 1.4244, the bounce from 1.4008 is likely consolidation for the downtrend. Resistance is at 1.4150, as long as this level holds, the downtrend could be expected to resume and a breakdown...
