GBPUSD

The British pound sterling is trading weaker on the day following the break of the rising trend line. This could now potentially accelerate the declines lower to the 1.3122 level of support. But the Stochastics oscillator is currently… Read More

The British pound sterling is pushing higher on the day as prices briefly tested the 1.3300 level of resistance. However, price action will need to push higher beyond this level in order to confirm further gains. Therefore, if price… Read More

The British pound sterling was trading stronger on Tuesday as Brexit talks gain steam. Despite the modest gains, the GBPUSD is well within the confines of the 1.3300 level of resistance and 1.3122 level of support. A breakout from… Read More

The British pound sterling was trading bullish on Friday, recovering from the losses from the previous two days. Price action made a decent turnaround from the 1.3122 level of support. With the Stochastics also moving out from the… Read More

The British pound sterling is posting gains for the second consecutive day. The declines come with a mix of a broadly stronger US dollar and the GDP data. The declines in the GBPUSD has pushed the currency pair to test the 1.3122… Read More

The current GBPUSD structure shows a bullish impulse Ⓒ, consisting of intermediate sub-waves (1)-(2)-(3)-(4)-(5). Wave (4) completed as a horizontal contracting A-B-C-D-E triangle. We could expect a rise in wave (5) near the 1.368… Read More

The British pound sterling posted gains on Friday and is now a few pips shy of posting a two-month high. Price closed above the 1.3122 level of resistance on Friday. But with price action consolidating only above this level, we could… Read More

The British pound sterling shrugged aside the BoE decision to add more stimulus. The currency managed to trade bullish, gaining over 0.70% intraday. The gains saw the cable rising above the 1.3000 handle. However, the sideways range… Read More

The British pound sterling failed to hold on to gains above the 1.3000 level. After a brief test of the 1.3122 level, price action eased back to settle below the 1.3000 handle on Wednesday. As a result, we could see continued declines… Read More

The British pound sterling is posting strong gains and prices are trading near a four-day high. The gains primarily come on the back of a weaker US dollar. The gains helped GBPUSD to close above the 1.3000 handle. However, further… Read More