GBPAUD Uptrend Channel Nov 10, 2015
GBPAUD has been trending higher on its 4-hour chart, moving inside a rising channel visible on that time frame. Price just bounced off the channel support at 2.1150 and may be aiming for the top at 2.1800-2.1900.
FXB
GBPUSD Forecast October 6, 2015, Technical Analysis
The GBPUSD pair initially tried to rally but then turned back around to form a rather negative candle.
GBPUSD Forecast September 17, 2015, Technical Analysis
The GBPUSD pair shot higher during the course of the session on Wednesday, crashing into the 1.55 handle.
Spot the insider selling in Cable – answers on a postcard!
Cable’s (FXB, quote) recent revival which was signalled with a two bar reversal off the strong support platform at 1.5163 came to a juddering halt today on the release of the CPI data. Until this release cable had been testing the 1.5474 area as well as the 100 ma which capped the recent rally.
GBPUSD Forecast September 15, 2015, Technical Analysis
The GBPUSD pair fell significantly during the session on Monday, but turned back around to form a large hammer. With this, it looks like we are trying to break out to the upside but there is a significant amount of resistance at the 1.55 handle.
EURGBP Rectangle Pattern Sept 14, 2015
EURGBP is still moving sideways on its 1-hour forex chart, bouncing off support at the .7260 area and finding resistance at .7360. Price is on its way up to test the top of the range once more while stochastic is moving down from the overbought zone, suggesting that the resistance might hold.
GBPUSD Triangle Breakout – Aug 7, 2015
GBPUSD broke below the ascending triangle support on its 4-hour chart, signaling that price is in for more declines. The chart pattern is around 300 pips in height so the resulting selloff could last by the same amount.
Cable Waits For BOE
Cable anticipating BOE by going precisely nowhere! All we can say is 1.5550 region represents strong support & is also where have the 200 ma.
GBPUSD Forecast August 5, 2015, Technical Analysis
The GBPUSD pair went back and forth during the course of the day on Tuesday, essentially settling nothing.
GBPUSD Forecast July 24, 2015, Technical Analysis
The GBPUSD pair initially rallied during the session on Thursday, testing the 1.57 region. However, we sold off rather drastically and crashed into the 1.55 handle.