GBPUSD Forecast July 22, 2015, Technical Analysis
The GBP/USD pair went back and forth during the course of the day on Tuesday, showing a fairly neutral and benign candle.
FXB
GBPUSD Forecast July 16, 2015, Technical Analysis
The GBPUSD pair initially fell during the course of the day on Wednesday, but found enough support below at the 1.56 level to turn things back around and form a nice-looking hammer.
GBPUSD Forecast July 14, 2015, Technical Analysis
The GBPUSD pair broke higher during the course of the session on Monday, but turned back around to form a shooting star.
EURGBP Descending Channel July 13, 2015
EURGBP is still on a downtrend but the pair is currently testing the top of the descending channel visible on its 4-hour time frame. If resistance around the top of the channel or .7200 holds, the pair could move back to the bottom at .7000 or lower.
GBPUSD Forecast July 9, 2015, Technical Analysis
The GBP/USD pair had a fairly negative session on Wednesday, as the world continues to run toward safety asset such as the US dollar.
GBPUSD Forecast July 8, 2015, Technical Analysis
The GBPUSD pair broke down significantly during the session on Tuesday, slicing through the 1.55 handle.
GBPUSD Forecast July 7, 2015, Technical Analysis
The GBP/USD pair broke higher during the session on Monday, as the 1.55 level offered quite a bit of support.
GBPUSD Trend Line July 2, 2015
GBPUSD is currently testing the rising trend line connecting the recent lows of price action on the 4-hour time frame. The pair is also drawing support at the 50% Fibonacci retracement level and the 100 SMA.
GBPUSD Forecast June 25, 2015, Technical Analysis
The GBPUSD pair had a pretty volatile session during the day on Wednesday, as we touched the 1.58 level, and then turned back around to break below the 1.57 level.
GBPUSD Forecast June 23, 2015, Technical Analysis
The GBPUSD pair broke out a few sessions ago as we cleared the 1.58 handle. On Monday, we pulled back to find support at that previous resistance barrier, something that you would expect if you use technical analysis for your trades.