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GBPUSD
GBPUSD Steadies Over a Three-and-Half-Year High
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…
GBPUSD Advances Higher Again, but Can it Hold the Gains?
The British pound sterling posted a strong reversal snapping a two-day losing streak. Price action was bullish as it broke past the previous highs near 1.3950.
On an intraday basis, the GBPUSD rose to highs of 1.3985 before giving back…
GBPUSD Signaling a Bearish Correction
The British pound sterling is extending declines following a flat close on Tuesday. Still, price needs to close below Tuesday's low of 1.3901 to confirm further downside.
The next immediate downside target is seen near 1.3733 where price…
GBPUSD Slips But Upside Remains Intact
The British pound sterling continues to post steady gains. Price action was seen trading a bit weaker after testing highs of 1.3951 on Tuesday.
But a quick recovery from the intraday lows is keeping the upside bias intact.
Further…
GBPUSD on Track to Retest 1.3590
The GBPUSD currency pair is giving back the gains made from the previous day with prices turning lower.
On the intraday charts, we see prices trading currently below the 1.3821 swing low. A confirmed daily close below this level could…
GBPUSD Cycle Triangle Completion Near 1.410
The GBPUSD global wave e which is part of a cycle triangle, consists of an Ⓐ-Ⓑ-Ⓒ zigzag.
Currently, impulse wave Ⓒ of the primary degree has begun, as part of the fifth wave of the intermediate degree.
Minor correction wave 4 has…
GBPUSD Pushes Higher but Gives Back Gains
The British pound sterling continues to rise higher, marking a new high of 1.3866 intraday. But price action is pulling back after testing this level.
The Stochastics oscillator is firmly in the overbought levels supporting the upside…
GBPUSD Rises to a New Three-and-Half Year High
The British pound sterling continues to push higher with price action rising to a new three and a half year high. The gains come as the GBPUSD moves closer to the 1.3777 level.
Given that this level has served as support in the past, we…
GBPUSD Consolidates Near Previous Highs
The British pound Sterling is consolidating near the previous highs. However, price action is yet to make any significant breakthrough at this level.
The current consolidation near the previous highest comes as the currency pair made a…
GBPUSD Price Action Invalidates Ascending Wedge Pattern
The British pound sterling continues to hold a strong bullish momentum. The strong reversal after price fell to a two-week low has now invalidated the ascending wedge pattern.
This keeps price action biased to the upside. After Friday's…