GBPUSD failed to break below the support of the bullish trend line on the daily chart and rebounded from 1.3764, indicating that the pair remains in the uptrend from 1.3027. As long as the trend line support...
GBPUSD is facing 1.4066 resistance. A breakout of this level would suggest that the downside movement from 1.4345 had completed at 1.3764 already, then further rise towards 1.4345 resistance could be seen. On the downside, as long...
The British pound has rallied initially during the trading session on Tuesday, but then found resistance above. As I record this, it appears that the 50 EMA on the hourly chart is trying to offer support, so...
No changed in our view, GBPUSD remains in the downtrend from 1.4345, the bounce from 1.3764 is likely consolidation of the downtrend. Another fall could be expected after the consolidation, a breakdown below 1.3764 could take price...
The British pound has rallied initially during trading on Monday, but as you can see has struggled after that. Ultimately though, I do think that there are buyers underneath, but we may need to pull back to...
GBPUSD remains in the downtrend from 1.4345. Further decline is still possible after a minor consolidation and next target would be at 1.3670 area. Resistance levels are at 1.3900 and 1.4066, only break above these levels could...
GBPUSD extended its downside movement from 1.4345 to as low as 1.3764. Further decline would likely be seen and next target would be at 1.3600 area. Resistance is at 1.4066, only break above this level could signal...
GBPUSD’s pullback from 1.4345 extended to as low as 1.3764, facing the support of the bullish trend line on the daily chart. As long as the trend line support holds, the fall from 1.4345 could be treated...
The British pound has exploded higher during trading on Thursday, as we got through the interest rate hike without a scratch. It looks as if breaking above the 1.40 level should send this market higher, a level...
GBPUSD remains in the downtrend from 1.4345, the bounce from 1.3836 is likely consolidation of the downtrend. Further decline towards 1.3600 is still possible after the consolidation. Near term support is at 1.3836, a breakdown below this...
