GBPUSD has formed lower highs and higher lows, creating a symmetrical triangle pattern on its 1-hour time frame. Price is currently testing support and might be due for a bounce soon. Stochastic is on the move up...
GBPUSD is facing 1.3856 support. A breakdown below this level would indicate that the downtrend from 1.4144 has resumed, then deeper decline to test 1.3764 support could be seen. Below this level could trigger further downside movement...
GBPUSD broke above 1.4025 resistance, suggesting that the short term downtrend from 1.4144 had completed at 1.3856 already. Further rise to test 1.4144 resistance would likely be seen in the coming days. Support level is at 1.3856,...
The British pound has rallied significantly at the beginning of the Monday session, but ran into a significant trouble at the 1.4075 level. We pulled back from there, and it now looks as if the 1.40 level...
GBPUSD is facing 1.4025 resistance. A breakout of this level would indicate that the short term downtrend from 1.4144 had completed at 1.3856 already, then further rise towards 1.4144 resistance could be seen. On the downside, as...
GBPUSD stays above a bullish trend line on the daily chart and remains in the uptrend from 1.3027. As long as the price is above the trend line, the price action from 1.4345 could be treated as...
GBPUSD’s downside movement from 1.4144 extended to as low as 1.3856. Further decline is still possible after a minor consolidation and next target would be at 1.3764 support. Near term resistance is at 1.4020, a breakout of...
The British pound has been very noisy during the trading session on Tuesday, reaching as low as 1.3930, but then turning around to rally. As I look at the charts on the hourly timeframe, I can see...
GBPUSD is now in uptrend from 1.3764, the fall from 1.4144 is likely correction for the uptrend. Near term support is at 1.3935, as long as this level holds, the uptrend could be expected to resume and...
GBPUSD broke above 1.4066 resistance, confirming that the downside movement from 1.4345 had completed at 1.3764 already. Further rally would likely be seen in the coming days, and next target would be at 1.4300 area. Support levels...
