GBPUSD continued its sideways movement in a trading range between 1.3053 and 1.3284. The sideways move is likely consolidation for the uptrend from 1.2905, further rise to 1.3400 area is possible after the consolidation. Near term support...
GBPUSD moved sideways in a trading range between 1.3053 and 1.3284. As long as 1.3053 support holds, the upside movement from 1.2905 could be expected to resume, and further rise to 1.3400 area is still possible. On...
GBPUSD broke above 1.3165 resistance, suggesting that the short term downtrend from 1.3284 had completed at 1.3053 already. Another rise towards 1.3400 would likely be seen over the next several days. Support is at 1.3053, only a...
GBPUSD’s downside movement from 1.3284 extended to as low as 1.3053. Further decline would likely be seen after a minor consolidation and next target would be at 1.2900 area. Near term resistance is at 1.3165, only break...
GBPUSD broke below the rising price channel on the daily chart, suggesting that the upside movement from 1.1958 had completed at 1.3514 already. Further decline could be expected over the next several weeks and next target would...
GBPUSD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2905 had completed at 1.3284 already. Further decline could be expected in a couple of days and next target would...
GBPUSD extended its upside movement from 1.2905 to as high as 1.3284. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
The UK election result pushed GBP higher after the Conservatives, led by Prime Minister Boris Johnson, won the majority in parliament with a landslide victory. This is the Tories’ biggest victory since Margaret Thatcher days. Johnson can...
Short Term Elliott Wave view in GBPUSD suggests that the rally to 1.3516 ended wave ((A)). This rally ended cycle from 9.3.2019 low as a 5 waves impulsive Elliott Wave structure. Pair is now correcting cycle from...
GBPUSD broke below 1.3049 support, suggesting that the upside movement from 1.2768 had completed at 1.3514 already. Further decline could be expected in a couple of days and next target would be at 1.2850 area. Near term...
