GBPUSD Daily Analysis – April 2, 2018
GBPUSD broke below the bottom of the price channel on the 4-hour chart and is now in the downtrend from 1.4244. Further decline could be expected in a couple of days and next target would be at...
Tag: GBPUSD
GBPUSD Weekly Analysis – April 1, 2018
GBPUSD failed to breakout of 1.4345 resistance and pulled back from 1.4244. Another fall to test 1.3711 is possible next week. A breakdown below this level could bring price to 1.3500, followed by 1.3000. Resistance is at...
GBPUSD Elliott Wave View: Calling The Bounce Higher
GBPUSD Elliott Wave short-term sequence from 3/01 low (1.3709) ended as a Leading Diagonal structure in Minor wave 1 at 1.4248 high in 5 waves. Down from there, the pair is correcting that cycle in Minor wave 2 pullback in 3,...
The British pound slams up against the ¥150 level
The British pound chopped around against the Japanese yen during trading on Thursday, as the vital 150 level is just above. This was the previous uptrend line on the daily chart, and of course a large, round,...
GBPUSD Daily Analysis – March 30, 2018
GBPUSD extended its downside movement from 1.4244 to as low as 1.4010. Further decline could be expected in a couple of days and next target would be at 1.3889 support. Near term resistance is at 1.4130, only...
GBPUSD Daily Analysis – March 29, 2018
GBPUSD broke below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the upside movement from 1.3711 had completed at 1.4244 already. Further decline would likely be seen in the coming...
GBP/USD Price Forecast March 28, 2018, Technical Analysis
The British pound has fallen significantly during the trading session on Tuesday, reaching down towards the 1.4050 level before bouncing. It looks as if the Americans are willing to pick up the British pound though, so we...
GBPUSD Daily Analysis – March 28, 2018
GBPUSD failed its attempt to break below the bottom support trend line of the price channel on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.3711 and the fall from 1.4244 could be...
GBPUSD Daily Analysis – March 27, 2018
GBPUSD stays in a rising price channel on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.3711. Near term support is at 1.4075, as long as this level holds, the uptrend could be...
GBPUSD Daily Analysis – March 26, 2018
GBPUSD extended its upside movement from 1.3711 to as high as 1.4215. Near term support is at 1.4075, as long as this level holds, the upside movement could be expected to continue and further rise towards 1.4345...