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.
GBP/USD
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.
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 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.
GBPUSD Forecast June 17, 2015, Technical Analysis
The GBPUSD pair initially fell during the day on Wednesday, but found enough support below yet again to turn things back around and form a hammer.
GBPUSD Testing 1.5500 Again June 11, 2015
GBPUSD is currently stalling at the 1.5500 area of interest once more, which has held as resistance then support in the past.
Round Up Of The Currency Majors As USD Continues To Remain Weak
With the US dollar continuing to remain under pressure, despite last week’s positive jobs data, and with various central bank governors adding their weight to the mix, it’s a good time to take a quick look at our four major currency futures of the AUD/USD, CAD/USD, EUR/USD and the GBP/USD.