GBPUSD is facing the resistance of the falling trend line on the daily chart. A breakout of the trend line resistance could trigger further upside movement towards 1.3000. Near term support is at 1.2450, a breakdown below...
GBPUSD moved sideways in a trading range between 1.2479 and 1.2669. As long as 1.2479 support holds, the sideways movement could be treated as consolidation for the uptrend from 1.2251, and further rise towards 1.2800 is possible...
GBPUSD is facing 1.2669 resistance. A breakout of this level could signal resumption of the uptrend from 1.2251, then next target would be at 1.2800 area. Support is at 1.2479, below this level would confirm that the...
GBPUSD extended its downside movement from 1.2669 to as low as 1.2479. Further decline is still possible and next target would be at 1.2400 area. Near term resistance is at 1.2600, a break of this level could...
GBPUSD broke below the bottom of the rising price channel on the 4-hour chart, suggesting that the upside movement from 1.2251 had completed at 1.2669 already. Further decline would likely be seen and next target would be...
GBPUSD stays in a rising price channel on the 4-hour chart and remains in the uptrend from 1.2251. As long as the channel support holds, the upside movement could be expected to continue and next target would...
On June 16 2020 I posted on social media Stocktwits/Twitter @AidanFX “GBPUSD watching for SELLS”. The chart below was also posted on social media StockTwits/Twitter @AidanFX June 16 2020 showing that a bearish market pattern (blue) formed...
GBPUSD failed to break above the falling trend line on the daily chart and pulled back from 1.2812. However, another rise to test the trend line resistance is possible, and a breakout of 1.2812 level could trigger...
The GPBUSD pair last week formed a temporary top and reversed lower. Towards the end of the trading week GBPUSD made lower lows and lower highs signalling the pair was in a downside trend. Traders use confluence...
GBPUSD extended its downside movement from 1.2812 to as low as 1.2473. Further decline would likely be seen and next target would be at 1.2300 area. Near term resistance is at 1.2600, a break of this level...
