GBPUSD Daily Analysis – September 4, 2014
GBPUSD’s downward movement from 1.6643 extended to as low as 1.6440.
FXB
GBPUSD Daily Analysis – September 3, 2014
After consolidation, GBPUSD broke below 1.6536 support and continued its downward movement from 1.7190, and the fall extended to as low as 1.6463.
GBPUSD Daily Analysis – September 2, 2014
After touching the downward trend line on 4-hour chart, GBPUSD dropped down from 1.6643, indicating that the pair remains in downtrend from 1.7190.
GBPUSD Daily Analysis – August 28, 2014
GBPUSD remains in downtrend from 1.7190 (Jul 15 high), the bounce from 1.6536 is likely consolidation of the downtrend.
GBPUSD Daily Analysis – August 27, 2014
GBPUSD stays below a downward trend line on 4-hour chart, and remains in downtrend from 1.7190, the rise from 1.6536 is likely consolidation of the downtrend.
GBPUSD Forecast August 12, 2014, Technical Analysis
The GBPUSD pair rose slightly during the session on Monday, but found the 1.68 level resistive. This was an area of support previously, so the fact that we did not break above there is in fact interesting.
Cable Continues to Remain Bearish (GBPUSD)
Cable moved lower once again last week as a resurgent US dollar continued to drive the pair, with the September futures contract closing at 1.6770 on the daily chart.
GBPUSD Forecast August 5, 2014, Technical Analysis
The GBPUSD pair bounced during the session on Monday, as the 1.68 level has offered enough support to at least do that.
GBPUSD Daily Analysis – August 4, 2014
GBPUSD continued its downward movement from 1.7190, and the fall extended to as low as 1.6809.
GBPUSD Forecast July 30, 2014, Technical Analysis
The GBPUSD pair fell again during the session on Tuesday, and quite frankly is starting to press against some pretty significant support.