GBPUSD failed to test 1.5777 key support and rebounded from 1.5801, suggesting a cycle bottom is being formed on daily chart. Further rally is expected to test 1.6662 key resistance, a break above this level will confirm...
GBPUSD drops sharply from 1.6662, suggesting that a cycle top is being formed on daily chart. Key support is now located at 1.5777, a break below this level will confirm the cycle top and signal deeper decline...
GBPUSD continues moving bullish and the rise from 1.4397 extends to as high as 1.6197 level. Further rally could be seen to 1.6600-1.6700 area next week. Near term support is at 1.5750 followed by 1.5500, as long...
GBPUSD remains in uptrend from 1.4397. Further rally is still in favor next week and target is at 1.6300-1.6500 area. Near term support is at 1.5500, as long as this level holds, we’d expect the uptrend to...
GBPUSD breaks above the upper border of the previous mentioned price channel, suggesting that a sharp move towards 1.6000-1.6500 area is underway. Near term support is at 1.5560, as long as this level holds, the uptrend from...
GBPUSD is testing the resistance of the upper border of the price channel on daily chart, a clear break above the channel resistance will signal a sharp move towards 1.6000-1.6500 area. Near term support is at 1.5060...
After touching the upper border of the rising price channel on daily chart, GBPUSD pulls back from 1.5352. Consolidation below this level would more likely be seen next week and further pullback towards the lower border of...
GBPUSD broke above 1.5066 previous high and reached as high as 1.5247 level. Further rise to test the upper border of the rising price channel on daily chart is expected next week, a clear break above the...
GBPUSD stays in a trading range between 1.4397 and 1.5066. As long as 1.5066 resistance holds, we’d expect downtrend to resume, and pullback to test 1.4110 support is in favor. However, above 1.5066 will indicate that the...
GBPUSD has formed a cycle top at 1.5066 on daily chart. Further fall is expected to test 1.4110, a break below this level will indicate that the consolidation from 1.3503 has completed, and then deeper decline could...
