GBPUSD Daily Analysis – September 12, 2014
GBPUSD’s bounce from 1.6051 extended to as high as 1.6276, however, the bounce is likely consolidation of the downtrend from 1.7190 (Jul 15 high),
GBPUSD’s bounce from 1.6051 extended to as high as 1.6276, however, the bounce is likely consolidation of the downtrend from 1.7190 (Jul 15 high),
GBPUSD continued its downward movement from 1.6643, and the fall extended to as low as 1.6091.
GBPUSD’s downward movement from 1.6643 extended to as low as 1.6168.
GBPUSD continued its downward movement from 1.6643, and the fall extended to as low as 1.6286.
GBPUSD’s downward movement from 1.6643 extended to as low as 1.6440.
The GBPUSD pair fell again during the session on Tuesday, and quite frankly is starting to press against some pretty significant support.
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.
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.
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 moved sideways in a trading range between 1.7084 and 1.7179.