Tag: GBPUSD

GBP/USD Open 1.6444 High 1.6726 Low 1.6271 Close 1.6516Pound/Dollar made a significant downward movement yesterday, penetrating down the important 1.6470 support, reaching a bottom at 1.6424, and closing the day at 1.6516. This fact confirms the bears...

GBP/USD Open 1.6699 High 1.6744 Low 1.6537 Close 1.6705Pound/Dollar rose on Wednesday from 1.6578 to the 1.6744 top, where further upward movement was limited, closing the day at 1.6705. Today the Cable made deep bearish correction, eating...

GBP/USD Open 1.6584 High 1.6727 Low 1.6498 Close 1.6583On Tuesday the RSI and and MACD gave valid bearish outlook for the Pound/Dollar, which was limited by the 1.6498 support, from where the Cable started recovering, closing the...

GBP/USD Open 1.6605 High 1.6643 Low 1.6479 Close 1.6604Pound/Dollar climbed first on Monday, from the 1.6473 bottom to the 1.6644 top, as expected, closing the day at 1.6604. However, further rising was limited at the above peak...

GBP/USD: Range bound trading continues.  It is especially obvious when MA is moving horizontal.  Notice on the daily Cable chart below that the 50 SMA has been horizontal since late July while the 100 SMA turned horizontal...

GBP/USD Open 1.6652 High 1.6746 Low 1.6589 Close 1.6664Pound/Dollar made descending movement on Thursday, as expected, reaching a bottom at 1.6607 and closing the day at 1.6664. On the bigger picture on the 3 hour chart quotes...

GBP/USD Open 1.6738 High 1.6839 Low 1.6644 Close 1.6741On Wednesday Pound/Dollar was trading hesitantly, reaching a top first at 1.6839, than dropping down to 1.6716, closing the day at 1.6741, which indicates consolidation. On the 3 hour...

GBP/USD Open 1.6813 High 1.6868 Low 1.6757 Close 1.6810 On Tuesday Pound/Dollar traded hesitantly, reaching a top at 1.6868, than dropping down to the 1.6757, closing the day at 1.6810. Our expectations remain bullish in the short...