The British pound drifted a bit lower during the trading session on Tuesday, reaching down to the 1.35 region, which has of course offered a significant amount of support. I think at this point, I would anticipate...
GBPUSD continued its sideways movement in a trading range between 1.3494 and 1.3612. The sideways movement is likely consolidation of the uptrend from 1.3301. A breakout of 1.3612 resistance will indicate that the upside movement has resumed,...
The British pound fell slightly during the trading session on Monday, reaching down towards the 1.35 handle. There is a significant amount of support in that area though, and I believe that the buyers will return to...
GBPUSD moved sideways in a trading range between 1.3494 and 1.3512. As long as 1.3494 support holds, the sideways movement could be treated as consolidation of the uptrend from 1.3301 and another rise to test 1.3657 (Sep...
GBPUSD stays above a bullish trend line on its daily chart and remains in the uptrend from 1.1946 (Oct 7, 2016 low). The pair is now facing 1.3657 resistance. A breakout of this level will suggest that...
GBPUSD is trending higher on its 4-hour chart and looks prime for a pullback to the ascending trend line. Applying the Fib tool on the latest swing low and high shows that this lines up with the...
GBPUSD pulled back from 1.3612, facing the support of the bullish trend line on the 4-hour chart. As long as the trend line support holds, the pullback could be treated as consolidation of the uptrend from 1.3301...
The British pound continues to be very volatile, but obviously buyers have come back significantly. I think that the market should go looking towards the 1.3650 level above, which is a major area to pay attention to...
GBPUSD’s upside movement from 1.3301 extended to as high as 1.3605. Further rise is still possible in a couple of days and next target would be at 1.3700 area. Near term support is at 1.3550, below this...
GBPUSD failed in its attempt to break below the bullish trend line on the daily chart once again and rebounded from 1.3301. Further rise to test 1.3657 resistance would likely be seen next week. A breakout of...
