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 as the pair faces rejection at level 1.3850. The pound fell and retested level 1.3850 which resulted in further selling pressure. Meanwhile, on October 27 downtrend; a retraced candle body tested the 50 % […]
The GBP/USD pair has decreased a little but the bias remains bullish. The price action has printed a potential continuation formation. Validating this formation could announce an upside continuation. Still, we’ll have to wait for strong confirmation before considering going long. As you already know, the Dollar Index escaped from a down channel pattern signaling […]
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 an upward move as price breaks above the moving averages. The uptrend is facing resistance at level 1.3850. The pound is making a fresh uptrend after retracing to level 1.3736. Meanwhile, on October 19 uptrend; a retraced […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishSince September 30, GBP/USD has been in an upward move. The bulls have broken above the moving averages but faced rejection at level 1.3800 resistance zones. The pound is retracing to the support above the 50-day SMA. The uptrend will […]
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 has been in a downward move since June 11. The Pound has been falling from the high of level 1.4200 to 1.3400. At the low of 1.3400, the Pound corrected upward. The upward correction was stalled at level 1.3700 […]
Key Resistance: 1.3670 Key Support: 1.3615 – 1.3520 – 1.3440 The GBPUSD fell 3.60% (500 pips) last month (from high to low. From September lows we have seen an increase of 1.93% (258 pips) to retest the previous broken lows. This move is a 76.4% pullback of the last impulse down and a 50% pullback […]
Key Resistance: 1.3620 – 1.3660 – 1.3700 Key Support: 1.3580 Yesterday on my live show I talked about the massive key level the Pound is trading on against the US Dollar. Let’s talk first about the short to mid term structure in this market. From mid September highs the GBP has depreciated 3.6% against 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 has been in a downward move. The currency pair has reached bearish exhaustion as it fell to the low of level 1.3500. On September 29, the pair broke below 1.3500 support and pulled back. Buyers are attempting to resume […]
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 an uptrend but the upward move has been interrupted at the high of level 1.3750. After declining to the low of 1.3657, the pair has resumed a fresh uptrend. Today, the market has risen to a high […]
