GBPUSD consolidated in a range between 1.4350 and 1.5722 for several weeks. Rebound to 1.6500 zone would more likely be seen before breaking below 1.4350 level. Key resistance is now located at 1.5372, a break above this...
GBPUSD rebounds from 1.4350. Further rise is still possible to test 1.5722 previous high resistance. A break above this level will indicate that the downtrend from 2.0158 (July 15, 2008 high) has completed, and then consolidation in...
GBPUSD’s downtrend extends to as low as 1.4350 level. Further fall is still possible to 1.4000 zone next week. Initial resistance is now at 1.4850 and key resistance is located at 1.5722, only rise above 1.5722 level...
GBPUSD breaks below 1.4466 previous low support, suggesting that the long term down trend has resumed. Deeper decline could be seen to 1.4000 zone in next several days. Long term key resistance is now located at 1.5722,...
GBPUSD is testing 1.4466 previous low support, a break down below this level will signal deeper decline towards 1.4000 zone. As long as 1.4466 level holds, we’d expect up trend to resume, and one more rise above...
GBPUSD breaks above 1.5534 resistance as reaches 1.5722 only. Consolidation in a range between 1.4466 and 1.5722 would more likely be seen in a couple of weeks. Initial support is located at 1.4466, a break below this...
GBPUSD breaks above 1.5534 key resistance, suggesting that the down trend from 2.0158 (July 15 high) has completed, and a cycle bottom has been formed at 1.4466 on daily chart. Further rally could be seen to 1.6500...
GBPUSD is testing 1.5534 key resistance, a break above this level will indicate that a cycle bottom has been formed at 1.4466 on daily chart, and signify that the long term down trend from 2.0158 (July 15...
GBPUSD remains in down trend. The price action from 1.4557 is treated as consolidation to down trend. Further rebound towards 1.5534 could be seen next week. As long as 1.5534 resistance holds, we’d expect down trend to...
As expected, GBPUSD breaks below 1.4557 support and reaches as low as 1.4466 level. Further fall could be seen to 1.4000 zone in next several days. Key resistance is now located at 1.5534 level. Only rise above...
