GBPUSD broke above 1.4145 resistance. Further rise to test 1.4345 resistance is possible next week. A breakout of this level could signal resumption of the uptrend from 1.1946 (Oct 7, 2016 low), then next target would be...
The British pound has had a wild ride already during the day as I record this. We initially surged after the MPC announcement, reaching the 1.42 handle. However, we rolled over significantly from there and it now...
GBPUSD has been trending higher on its short-term time frames inside an ascending channel. Price has surged past the resistance to signal that a steeper climb is underway, but a pullback is currently taking place. Applying the...
GBPUSD is trending higher on its 1-hour time frame and moving inside an ascending channel pattern. Price is just bouncing off the top and might be due for a dip to the bottom around the 1.3970 level....
I believe that much of the selling in this pair is probably due to people stepping away from the currency markets as we await confirmation from the Federal Reserve as to what they might be doing over...
GBPUSD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 1.3711. As long as the price is above the trend line, the pullback from 1.4088 could be treated as consolidation...
GBPUSD extended its upside movement from 1.3711 to as high as 1.4088, breaking above 1.4069 resistance. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected...
GBPUSD stays above a rising trend line on its 4-hour chart, suggesting that the pair remains in the uptrend from 1.3711. As long as the price is above the trend line, the fall from 1.3995 could be...
GBPUSD remains in the downtrend from 1.4345, the bounce from 1.3711 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and a breakdown below 1.3711 support could take price to next support...
The British pound has initially fallen during trading on Thursday but continues to find support at the previous downtrend line. Because of this, I think that the market is eventually going to build up the necessary momentum...
