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The GBPUSD currency pair shows the formation of a large cycle triangle. Currently, we see the final primary impulse wave Ⓒ of the zigzag cycle wave e. As part of the bullish impulse wave Ⓒ, a small correction wave 4 recently completed. This took the form of a skewed triangle, after which the price growth … Read more
The British pound sterling rose to a fresh three-year high at 1.4140. But prices were rejected intraday with the currency pair likely to close bearish or flat. Given that this pattern comes near the top end of the rally, it could potentially signal the start of a correction in the GBPUSD. The cable has not … Read more
Stops send the pair higher in the Asian session. The rest of the day has been working back down The GBPUSD raced higher in early Asian trading in what it is being attributed to stop buying. The pair has been trending to the upside. The the pair had been up for 4 consecutive days and extended above the 1.4000 level in … Read more
The British pound sterling, which has already seen a strong bull run got another boost on Tuesday. The UK Government prepared a roadmap towards re-opening its economy. This puts further upside pressure on the currency pair which is already enjoying a strong rally. Price action is trading outside the rising price channel currently. With the … Read more
The British pound sterling maintains a strong hold on the bullish momentum with six consecutive weekly gains so far. Price action is nearing the April 2008 highs of 1.4376. The strong uptrend could be further cemented if the cable breaks out sharply from the rising price channel. The immediate support to the downside is near … Read more
FXOpen Forex Blog – [TR] [TD]GBP/USD gained momentum above the 1.3900 resistance and it even broke 1.4000. USD/CAD is declining and it traded below the 1.2650 support zone. Important Takeaways for GBP/USD and USD/CAD The British Pound started a steady increase above the 1.3950 and 1.4000 resistance levels. There is a key rising channel forming … Read more
FXOpen Forex Blog – [TR] [TD]GBP/USD gained momentum above the 1.3900 resistance and it even broke 1.4000. USD/CAD is declining and it traded below the 1.2650 support zone. Important Takeaways for GBP/USD and USD/CAD The British Pound started a steady increase above the 1.3950 and 1.4000 resistance levels. There is a key rising channel forming … Read more
The British pound sterling has closed with gains for six consecutive weekly sessions so far. The gains put the GBPUSD over a three and half year high, closing on Friday at 1.4018. This puts the currency pair near a multi-year support/resistance level. A continuation to the upside could see further gains coming. In the short … Read more
0 Flares Twitter 0 Facebook 0 Google+ 0 0 Flares × Chart 1: 240 Minute | Chart 2: Daily ***Monitor Price Action Closely as price approaches a Key Support /Resistance Level for clues to whether the Key Level is likely to Hold or Break. A strong Momentum Breakout that closes outside the Level … Read more
GBP/USDFUNDAMENTAL HIGHLIGHTS: GBP Breaking Out to Fresh Highs How Much Higher Can GBPUSD Go? Broader Markets in Focus, Watch GBPJPY for Month-End GBP Breaking Out to Fresh Highs The Pound has gone from strength to strength, with GBP/USD breaking out to fresh highs above 1.4000. In a week that had been relatively light on the … Read more
