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.
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.