The capitalization of the positions of the CME Group participants reporting to CFTC on derivatives on the British pound increased by 8%. The total capitalization of derivative markets for British Pound reached $ 42 billion 69 million....
GBPUSD moved sideways in a trading range between 1.2832 and 1.2996. As long as 1.2996 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 1.3217, a breakdown below 1.2832 support could trigger...
GBPUSD is facing the resistance of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2832 could be treated as consolidation for the downtrend from 1.3217, further decline towards...
GBPUSD short-term Elliott wave view suggests that the rally to 1.322 on Jan 26, 2019 ended wave ((X)). Decline from there is unfolding as a 5 waves impulse Elliott Wave structure. Down from 1.322, wave (i) ended...
GBPUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 1.3217. Further decline is still possible in a couple of days and next target would be at 1.2750 area. Key...
GBPUSD extended its downside movement from 1.3217 to as low as 1.2853. As long as the price is in the falling price channel on the 4-hour chart, the downside movement could be expected to continue and next...
GBPUSD broke below 1.2940 support, suggesting that the upside movement from 1.2396 had completed at 1.3217 already. Deeper decline could be expected in a couple of weeks, and next target would be at 1.2500 area. Resistance levels...
GBPUSD stays in a falling price channel on the 4-hour chart. As long as the price is in the channel, the downside movement could be expected to continue and next target would be at 1.2850 area. Near...
GBPUSD’s downside movement from 1.3217 extended to as low as 1.2924. Further decline is still possible after a minor consolidation and next target would be at 1.2850 area. Near term resistance is at 1.2990, above this level...
GBPUSD broke below the support of the bullish trend line on the 4-hour chart, suggesting that the upside movement from 1.2396 had completed at 1.3217 already. Further decline would likely be seen in the coming days and...
