GBPUSD Daily Analysis – January 29, 2018
GBPUSD is facing the support of the rising trend line on its 4-hour chart. As long as the trend line support holds, the fall from 1.4345 could be treated as consolidation of the uptrend from 1.3458, and...
Tag: GBPUSD
GBPUSD Weekly Analysis – January 28, 2018
GBPUSD extended its upside movement from 1.3027 to as high as 1.4345. Further rise is still possible after a minor consolidation and next target would be at 1.4500 area. Near term support is at 1.4000, only a...
Elliott Wave Analysis: GBPUSD ended wave (4) correction
GBPUSD Short Term Elliott Wave view suggests that pair ended Intermediate wave (2) at 1.33 on 16 December 2017. Up from there, Intermediate wave (3) rally is unfolding as 5 waves impulse Elliott Wave structure where Minor wave 1 ended at...
GBP/USD Price Forecast January 26, 2018, Technical Analysis
The British pound rallied a bit during the trading session on Thursday, but slow down as far as the rate of climb is concerned. The market should continue to find buyers underneath, and I think that while...
GBPUSD Daily Analysis – January 26, 2018
GBPUSD remains in the uptrend from 1.3458. As long as the price is above the rising trend line on the 4-hour chart, the fall from 1.4345 could be treated as consolidation of the uptrend and another rise...
GBP/USD Price Forecast January 25, 2018, Technical Analysis
The British pound broke out to the upside during trading on Wednesday, reaching well above the 1.42 level. The breaking of the 1.40 level was in fact a significant event, and it now looks likely that we...
GBPUSD Daily Analysis – January 25, 2018
GBPUSD extended its upside movement from 1.3458 to as high as 1.4262. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next...
GBP/USD Price Forecast January 24, 2018, Technical Analysis
The British pound has initially tried to break above the 1.40 level but has pulled back from there is one would expect. After all, this is a market that has been very bullish as of late, so...
GBPUSD Channel Top (Jan 23, 2018)
Cable has been climbing steadily and is testing the top of its ascending channel visible on the daily chart. This could provide a countertrend opportunity for a pullback to the channel support or at least until the...
GBPUSD Daily Analysis – January 23, 2018
GBPUSD’s bullish movement from 1.3458 extended to as high as 1.4002. Further rise is still possible after a minor consolidation and next target would be at 1.4200 area. Near term support is located at the bullish trend...