GBPUSD broke above the top trend line of the price channel on the 4-hour chart, suggesting that the short term downtrend from 1.3472 had completed at 1.3101 already. Further rally is still possible in a couple of...
GBPUSD extended its downside movement from 1.4376 to as low as 1.3101. As long as 1.3472 resistance holds, the downtrend could be expected to continue and next target would be at 1.2500 area. On the upside, a...
GBPUSD extended its downside movement from 1.3472 to as low as 1.3101. The subsequent bounce could be treated as consolidation for the downtrend. As long as 1.3298 resistance holds, the downside movement could b expected to resume...
GBPUSD short-term Elliott Wave view suggests that the recovery to 1.3473 on 6/07/2018 peak ended primary wave ((B)) bounce as double three structure. Below from there, the pair has managed to break below the previous low on 5/29 (1.3203) to...
GBPUSD remains in the downtrend from 1.3472, the bounce from 1.3146 is likely consolidation for the downtrend. Further decline could be expected after the consolidation and a breakdown below 1.3146 support could trigger further downside movement to...
GBPUSD broke below 1.3204 support and extended its downside movement from 1.3472 to as low as 1.3150. Further decline could be expected and next target would be at 1.3000 area. Resistance is now at 1.3298, as long...
GBPUSD is testing 1.3204 support. A breakdown below this level would indicate that the downtrend from 1.4376 (Apr 17 high) has resumed, then further decline towards 1.3000 could be seen. Resistance is at 1.3320, only a breakout...
GBPUSD is facing 1.3204 support. A breakdown below this level could trigger further downside movement towards 1.3000 area. Resistance is at 1.3320, only break above this level could bring the price back towards 1.3500.
GBPUSD is facing 1.3204 support, a breakdown below this level will indicate that the downtrend from 1.4376 has resumed, then further decline towards 1.2500 could be seen. Key resistance is at 1.3472, only a breakout of this...
GBPUSD’s downside movement from 1.3472 extended to as low as 1.3251. Deeper decline to test 1.3204 support could be expected and a breakdown below this level could trigger further downside movement towards 1.3000 area. Resistance is at...
