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.
Gbp/Usd failed stay above 1.3030 level, correction movement continues before UK PMI data. The coming week will be very busy for both Dollar and Pound.
GBP/USD is testing the support at 1.2915. A breakout below that level will probably lead to a further move to the downside towards 1.2850, which is the (MA)89 indicator on the four-hour time-frame.
The pair is testing the support at 1.2890 but even though it has not broken out below that level it is still very bearish, especially considering the hanging man candlestick that has formed on the daily time-frame at the resistance at 1.3030.
BoE gives signals in every way that they can that they’ll hike rates soon. With mild risk and buoyant global outlook I think its reasonable to play bullish on pound.
Interesting development this week. Big drop, lots of longs taken out.
Immediate support level can be found around 1.2860/63, break below we are looking for further decline.
I agree, the pair is still consolidating above 1.2860, but a breakout below that support could lead to a further drop towards 1.2800 at least.
Looks like it will try to go above 1.29. Interesting to see Wednesday’s news.
The pair bounced off from 1.2860 after forming several very telling candlesticks above that level on the four-hour time-frame - namely an inverted hammer candlestick, a hammer candlestick and a doji candlestick. Next target is likely the last high at 1.2926.
GBP/USD not only reached 1.2926 but broke out above that level and reached a high 1.2955 before forming a shooting star candlestick on the one-hour time-frame and bouncing off the aforementioned high. Next target is likely 1.2900 or 1.2890, which is the (MA)89 indicator on the same one-hour time-frame.
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GBP/USD bounced off from 1.2910 and moved to the upside, forming a new high at 1.3010. The next high is at 1.3030 and a further move to the upside towards that target is quite likely.
GBP/USD finally found some resistance at 1.3110 and bounced off from that level after forming a shooting star candlestick on the four-hour time-frame. Next target is likely at 1.3000.