Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD is in a sideways move but struggles below level 1.3615. On February 3, the currency price breaks above the moving averages. The pound retraced below the 21-day SMA. The implication is that the currency price will be fluctuating between […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD is now in an upward move but targets level 1.3800. Before the uptrend, the Pound was in a downtrend. On November 11 downtrend; a retraced candle body tested the `78.6% Fibonacci retracement level. The retracement suggests the Pound will […]
“Anyone who has been involved in the markets has been humbled and respects the fact that this is not an easy game no matter how successful we have already been or how much experience we have.” – Charles E. Kirk About four years ago, Mr. Geoffrey (not his real name) came to me and said […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD pair is still in a downward move. The currency pair is trading in the bearish trend zone. The selling pressure was accelerated when the pair faced rejection at level 1.3800. The current downtrend has reached the low of level […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD pair is still below the moving averages which are capable of a further downward move. Today, the Pound is rising upward and if it faces rejection at the 21-day moving average line, the selling presume will resume. However, the […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD pair has been in a downward move since June. The Pound price has been making a series of lower highs and lower lows. On October 1 upward correction, buyers could not keep price above a lower high of level […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD pair has been in a downward move. The currency price is making a series of lower highs and lower lows. The Pound is falling after rejection from level 1.3500. On November 12 downtrend; a retraced candle body tested the […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downward move. The Pound is making a series of lower highs and lower lows. The pair has fallen to a lower low of 1.3358. Today, the currency pair is rising on the upside to make a […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downward move. Today, the market declined to level 1.3420 as the pound resumed upward. The current support has been holding since September 29. The current support holds while price fluctuates between levels 1.3420 and 1.3800. The […]
