The British pound tried to break above the 1.40 level during the early hours of Tuesday but found enough resistance at that area to send the market looking to lower levels. We are trying to find a...
GBPUSD remains in the downtrend from 1.4345, the bounce from 1.3836 is likely consolidation of the downtrend. Further decline could be expected after the consolidation and next target would be at 1.3650 area. Resistance is at 1.4080,...
GBPUSD’s downside movement from 1.4345 extended to as low as 1.3836. Further decline is still possible after a minor consolidation and next target would be at 1.3650 area. Resistance is at 1.4080, only break above this level...
GBPUSD recently broke past the resistance of a long-term ascending channel, indicating that a steeper climb may be underway. Price has since pulled back to the broken resistance, which is now holding as support and seeing a...
GBPUSD broke below 1.3979 support, suggesting that the uptrend from 1.3301 had completed at 1.4345 already. Deeper decline is still possible in a couple of days, and next target would be at 1.3800 area. Resistance is at...
GBPUSD continued its sideways movement in a trading range between 1.3979 and 1.4345. As long as the price is above 1.3979, the sideways movement could be treated as consolidation of the uptrend from 1.3301 and another rise...
GBPUSD remains in the uptrend from 1.3027, the fall from 1.4345 could be treated as consolidation of the uptrend. Near term support is at 1.3979. As long as this level holds, the uptrend could be expected to...
GBPUSD moved sideways in a trading range between 1.3979 and 1.4345. As long as 1.3979 support holds, the price action in the range could be treated as consolidation for the uptrend from 1.3301 and a breakout of...
GBPUSD remains in the uptrend from 1.3301, the fall from 1.4345 is likely consolidation of the uptrend. Another rise towards 1.4500 is still possible after the consolidation. Near term resistance is at 1.4345, a breakout of this...
GBPUSD broke below the bullish support trend line on the 4-hour chart, suggesting that the uptrend from 1.3458 had completed at 1.4345 already. Further decline is still possible and next target would be at 1.4000, followed by...
