GBPUSD Forecast July 19, 2017, Technical Analysis
The British pound initially tried to rally on Tuesday but found a ton of resistance near the 1.3125 level.
United Kingdom
GBPUSD Forecast June 28, 2017, Technical Analysis
The British pound initially went sideways during the day on Tuesday, and then broke higher, reaching towards the 1.2775 level. Above there, I think the 1.28 level offered resistance, so if we can break above there I think that the market could then go to the 1.30 handle.
GBPUSD Forecast June 27, 2017, Technical Analysis
The British pound gapped higher at the open on Monday, and then reached to the 1.2750 level.
EURUSD Forecast May 23, 2017, Technical Analysis
The EURUSD pair initially fell on Monday, but found the 24-hour exponential moving average to be supportive enough to turn the market around, and send it back above the 1.12 level.
EUR/USD Forecast May 15, 2017, Technical Analysis
The EURUSD pair broke higher during the session on Friday, clearing the top of both the Wednesday and Thursday candles after less than stellar US numbers came out.
GBPUSD Forecast May 2, 2017, Technical Analysis
The British pound continues to march higher during the Monday session, and as you can see I have a trendline on the hourly chart showing that we have seen buying pressure again and again.
GBPUSD Forecast August 29, 2016, Technical Analysis
The GBPUSD pair initially tried to rally during the course of the day on Friday but turned right back around to form a shooting star. The shooting star sitting just below the 1.32 level suggests that we could see more selling.
GBP/USD Forecast July 11, 2016, Technical Analysis
GBPUSD pair initially rallied a bit, but at the end of the day could not break above the 1.30 level with any gusto.
GBPUSD Forecast June 28, 2016, Technical Analysis
The GBPUSD pair gapped lower at the open on Monday as anticipated, and as a result we continue to see selling pressure.
GBPUSD Forecast June 21, 2016, Technical Analysis
The GBPUSD pair initially fell during the course of the day and then turn right back around to break out to the upside. However, there is still more than enough resistance at the 1.48 level to keep this market somewhat soft, and this was initially a “knee-jerk reaction” to the latest polling data out of the UK when it comes to the EU referendum.