GBPUSD broke below a bullish trend line on its 4-hour chart, suggesting that the short term uptrend from 1.3711 had completed at 1.3929 already. Deeper decline to test 1.3711 support would likely be seen in the coming...
GBPUSD broke above the top trend line of the price channel on its 4-hour chart, suggesting that the downside movement from 1.4144 had completed at 1.3711 already. Further rally would likely be seen and next target would...
No changed in our view, GBPUSD remains in the downtrend from 1.4144, the bounce from 1.3711 could be treated as consolidation for the downtrend. Near term resistance is at the top trend line of the price channel...
GBPUSD remains in the downtrend from 1.4144, the bounce from 1.3711 could be treated as consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.3500 area. Resistance is...
GBPUSD extended its downside movement from 1.4345, and broke below the bullish trend line on the daily chart, suggesting that the upside movement from 1.3027 had completed at 1.4345 already. Further decline is still possible and next...
GBPUSD broke below the bottom of its symmetrical triangle on the 1-hour time frame to signal that a downtrend is underway. Price is bouncing off the 1.3700 area, though, so a pullback might take place before the...
GBPUSD extended its downside movement from 1.4144 to as low as 1.3711. Further decline is still possible after a minor consolidation and next target would be at 1.3500. Resistance is at 1.3840, a break of this level...
The British pound has fallen rather precipitously during the trading session on Wednesday, reaching below the 1.38 handle. There is a significant uptrend line underneath though, and I think it will eventually pick this market out. In...
GBPUSD continued its downside movement from 1.4144 and the fall extended to as low as 1.3742, breaking below 1.3764 major support. Further decline could be expected over the next several days and next target would be at...
The British pound fell significantly during the trading session on Tuesday, reaching down towards the 1.39 level. The 1.39 level has been supportive in the past, so a bounce from here would be expected. I also believe...
