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GBPUSD
GBPUSD Has The Triangle Cycle Ended?
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…
GBPUSD Gets Rejected after Testing a Three-and-a-Half-Year High
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…
GBPUSD Steadies on Lockdown Lifting Optimism
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…
GBPUSD Maintains its Impressive Rally
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…
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…