GBPUSD Forecast July 29, 2014, Technical Analysis
The GBPUSD pair went back and forth during the day on Monday, but found the 1.70 level to be resistive enough to keep the market somewhat down.
FXB
GBPUSD Daily Analysis – July 28, 2014
GBPUSD stays below the downward trend line on 4-hour chart, and remains in downtrend from 1.7190.
GBPUSD Forecast July 25, 2014, Technical Analysis
The GBPUSD pair fell hard during the day on Thursday, slicing through the 1.70 support region. However, there’s still plenty of support all the way down to the 1.69 level, so we do not feel it’s quite ready to be sold yet. In fact, we would be more than willing to buy a supportive candle in this region as it should send the market back to the 1.72 region.
GBPUSD Forecast July 24, 2014, Technical Analysis
The GBPUSD pair initially tried to rally during the session on Wednesday, but with the Bank of England failing to impress upon the market a bit of a drive to tighten monetary policy, the British pound was in fact sold off later in the day.
GBPUSD Forecast July 23, 2014, Technical Analysis
The GBPUSD pair fell during the course of the day on Tuesday, but found enough support near the 1.7050 level to turn things back around and form a little bit of a hammer.
GBPUSD Forecast July 22, 2014, Technical Analysis
The GBPUSD pair fell during the course of the day on Monday, but as you can see remains somewhat afloat, and more importantly supported at the 1.70 handle.
GBPUSD Forecast July 18, 2014, Technical Analysis
GBPUSD fell during the session on Thursday, testing the 1.71 level.
GBPUSD Forecast July 16, 2014, Technical Analysis
The GBPUSD pair broke higher during the session on Tuesday, but could not clear the 1.72 level that we have been looking for in order to start buying again.
GBPUSD Forecast July 16, 2014, Technical Analysis
The GBPUSD pair broke higher during the session on Tuesday, but could not clear the 1.72 level that we have been looking for in order to start buying again.
GBPUSD Daily Analysis – July 14, 2014
GBPUSD moved sideways in a trading range between 1.7084 and 1.7179.