Cable couldn’t remain above 1.3000 level, increase the chance of further decline, immediate support can be found around 1.2900/1.2880 zone.
Very good move last week. I’m expecting the upside trend to continue in the next.
Cable continue it’s consolidation, risk seems remain on the downside. On the upside, 1.3000 act as psychological resistance level and follow by 1.3120.
GBP/USD is stuck in a wide range between 1.3050 and 1.2925. So far there is no indication for a breakout, but the target to the downside should the pair fall below 1.2925 is likely 1.2850.
Good move last week. I expect a change in trend for the short-term.
GBP/USD fell all the way to 1.2775 before it finally bounced off from that support after forming a hammer candlestick on the one-hour time-frame. Currently the pair is retracing and it will likely reach 1.2890 - 1.2900.
GBP/USD relatively unchanged after the NFP and Jobs report. Dollar index, however, down significantly.
GBP/USD moved to the upside again today and reached a new high at 1.2940 before it bounced off that level. Should it break out above that high it could continue rallying towards 1.3000.
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GBP/USD is testing the support at 1.2920 and a breakout below that level is quite possible, but nothing is certain until the results of the general election in the UK come out later today.
I’m expecting a bullish move to pre-election levels.
For now GBP/USD remains very bearish and it will likely test once again the last low it reached after the election at 1.2634.
GBP/USD did retest the support at 1.2634 and formed a double bottom at that level before bouncing off from it. Next target is likely at 1.2750 - 1.2760.
GBP/USD looks bullish, maybe the US dollar will depreciate after the news release at 2PM EST.
GBP/USD is consolidating above the support at 1.2760. A breakout below that level will likely lead to a further move to the downside towards the previous low at 1.2690.
Not only did GBP/USD reach 1.2960, but it broke out below that support and continued moving to the downside, reaching 1.2641. A breakout below that level and below 1.2634 could indicate a further move to the downside towards 1.2500.
GBP/USD bounced off from 1.2590, but considering the doji candlestick and the shooting star candlestck that it has formed on the four-hour time-frame at 1.2680 it may test the aforementioned support at 1.2590 once again.
GBP/USD is still hesitating, interesting to see what the week brings. Important events coming up.
GBP/USD bounced off from 1.2750 after forming a shooting star candlestick and a pair of spinning top candlesticks on the four-hour time-frame below that resistance. Next target is likely 1.2700 again.
GBP/USD continues moving to the upside despite the signals for the opposite, likely due to fundamentals. The pair will probably soon test the last high at 1.2860 again.
Good days for the Sterling lately. Pair is up significantly after the press conference of the central bankers.