GBPUSD broke below 1.5801 support, confirming a bearish trend is under way. Deeper decline is still in favor and target would be at 1.5300 zone. Initial resistance is at 1.6150 followed by the falling trend line from...
GBP/USD Open 1.5916 High 1.6023 Low 1.5864 Close 1.5952 On Thursday Pound/Dollar traded with volatility. The Cable went over 1.6000, reaching a peak at 1.6023, from where it started declining, closing the day at 1.5952. The Sterling...
GBP/USD Open 1.6007 High 1.6118 Low 1.5909 Close 1.5982 On Wednesday Pound/Dollar corrected upwards, reaching a peak at 1.6118, as expected in our forecast, closing the day at 1.5982. On the 1 hour chart the Cable rose...
GBP/USD Open 1.5962 High 1.6086 Low 1.5829 Close 1.5959 Pound/Dollar made a downward movement on Tuesday, reaching the 1.5829 bottom, as expected, where a the bearish impulse was limited and the Cable started rising up up to...
GBP/USD Open 1.5877 High 1.5969 Low 1.5774 Close 1.5879 On Monday Pound/Dollar continued its downward movement, falling below the psychological 1.5900 level down to the 1.5774 bottom, from where it rose to 1.5920, closing the day at...
GBPUSD broke below 1.6113 key support, suggesting that the uptrend from 1.3503 has completed at 1.7042 already. Deeper decline is now in favor and next target would be at 1.5300 zone. Near term resistance is now at...
GBP/USD Open 1.6036 High 1.6382 Low 1.5917 Close 1.6057 Pound/Dollar made a significant bearish movement on Thursday, with over 450 pips, closing the day at 1.6000. On the 1 hour chart after breaking down out of the...
GBP/USD Open 1.6331 High 1.6452 Low 1.6263 Close 1.6343 Pound/Dollar traded with volatility on Wednesday. The Cable tried to climb, reaching a peak at 1.6452, where further bullish movement was limited and the currency pair dropped down...
GBP/USD Open 1.6361 High 1.6414 Low 1.6212 Close 1.6357 On Tuesday Pound/Dollar rose significantly from 1.6212 to 1.6393, closing the day at 1.6357. Of the 1 hour chart after being unable to break under the 1.6113 support...
GBP/USD Open 1.6218 High 1.6559 Low 1.6298 Close 1.6215 On Monday Pound/Dollar traded hesitantly attempt to rise, dropping to the 1.6139 bottom, where the bearish movement was limited there and the Cable recovered back up to today’s...
