GBPUSD remains in down trend. The rebound from 1.6786 is treated as consolidation to down trend. Further fall is expected towards 1.6500 zone after consolidation, and a break below 1.6786 level will signal resumption of down trend....
GBPUSD falls below 1.7047 (Nov 2005 low) long term support and reaches as low as 1.6786 level. Deeper decline is still possible to 1.6500 zone in a couple of weeks. Initial resistance is now located at 1.7230...
GBPUSD breaks below 1.7445 previous low support and reaches as low as 1.7318 level. Deeper decline could be seen to 1.6500 zone in a couple of weeks. Initial resistance is at 1.7836, only break above this level...
GBPUSD pulled back sharply and reached as low as 1.7551 level. Deeper decline to test 1.7047 (Dec 2005 low) could be seen in a couple of weeks. Initial resistance is located at 1.7980, only rise above this...
GBPUSD pulls back sharply from 1.8668 and formed a cycle top on daily chart. Deeper decline is still possible to test 1.7445 previous low support. As long as this level holds, we’d expect up trend to resume...
GBPUSD rebounded to 1.8668 level and is now in up trend. As long as 1.8200 support holds, we’d expect up trend to continue and further rise is still possible to 1.9000 zone. However, a break below 1.8200...
GBPUSD broke above 1.8480 key resistance, suggesting that the down trend from 2.1161 (Nov 9, 2007 high) has completed, and the rise from 1.7445 is now treated as resumption of up trend. Further rise towards 1.9100 zone...
GBPUSD is in correction to down trend. Further rise to test 1.8480 resistance could be seen next week. As long as 1.8480 resistance holds, we’d expect down trend to resume, and deeper decline towards 1.7000 zone is...
GBPUSD rebounded from 1.7445 and is now in consolidation to down trend. Initial resistance is at 1.8130 and followed by 1.8480. As long as 1.8480 resistance holds, we’d expect down trend to resume and deeper decline is...
GBPUSD rebounded from 1.7445 and broke above the down trend line resistance. Sideways consolidation in a range between 1.7445 and 1.8100 is expected. As long as 1.8100 resistance holds, we’d expect down trend to resume and deeper...
