GBPUSD stays in a falling price channel on daily chart and remains in downtrend from 1.6875. Deeper decline to test 1.5708 is still possible next week. Resistance is located at the upper border of the falling price...
GBP/USD Open 1.5934 High 1.6065 Low 1.5898 Close 1.5930Pound/Dollar made a decreasing movement on Thursday, from the 1.6065 top to the 1.5897 bottom, closing the day at 1.5930. Of the 3 hour chart the Cable is has...
On tap today is the ever-important US Non-Farm Employment Change (NFP) report due at 13:30 GMT. This is one of the most important economic events on the calendar and is always released on the first Friday of...
GBP/USD Open 1.6019 High 1.6153 Low 1.5945 Close 1.6015Pound/Dollar made a significant downward momentum from the beginning of this week with over 300 pips, forming new short term downward channel on the 15 minutes chart. On Wednesday...
GBP/USD Open 1.5991 High 1.6153 Low 1.5945 Close 1.5989Pound/Dollar attempt to make the rise yesterday, reaching a peak at 1.6153, where the increasing momentum was limited and the Cable started dropping down to 1.5966, closing the day...
Market Notes: Despite risk appetite return, we saw the NZD and AUD started the day in the negative territory. However, for the last few hours it seems like “back to normal”, which means AUD and NZD continue...
GBP/USD Open 1.6115 High 1.6232 Low 1.6027 Close 1.6083Pound/Dollar traded hesitantly with high volatility on Monday, trading within the 1.6061 – 1.6231 range, still holding within the downward channel on the 3 hour chart, although quotes moved...
GBPUSD’s downtrend from 1.6875 extended further to as low as 1.5829. The subsequent bounce is more likely consolidation of downtrend. Deeper decline is still possible after consolidation. Resistance is located on the upper border of the falling...
GBP/USD Open 1.5891 High 1.6068 Low 1.5878 Close 1.5902Pound/Dollar showed a strong increasing momentum on Tuesday, reaching a peak at 1.6068, from where the Sterling collapsed down to the 1.5878 bottom, closing the day at 1.5902. On...
GBP/USD Open 1.6002 High 1.6068 Low 1.5932 Close 1.5999After a week of declining movements Pound/Dollar yesterday showed an increasing momentum and started climbing from the 1.5932 bottom, closing the day at 1.5999. On the 4 hour chart...
