GBPUSD

The current GBPUSD structure hints to a simple zigzag in cycle-degree wave e. Primary sub-waves Ⓐ and Ⓑ are fully complete, whereas wave Ⓒ has completed intermediate waves (1)-(2)-(3) and (4). With correction wave (4) having taken a… Read More

The British pound sterling closed the week below the 1.3122 level. This price level held up as resistance earlier on, and on the first retest, managed to see prices bouncing higher. However, the gains off the rebound from this level saw… Read More

The British pound gave up the gains on Wednesday to close lower below the 1.3122 level. Earlier in the week, cable managed to rise sharply higher after breaking this very price level. A close below the technical resistance saw price… Read More

The British pound sterling made some gains intraday but gave them back rather quickly. Price action is holding up steady to the upside with GBPUSD targeting the 1.3300 handle. The current price action indicates that we could see… Read More

The British pound sterling is, so far, holding up steady after price cleared the 1.3122 handle. The breakout from this resistance level comes on a minor ascending triangle pattern. This gives the minimum upside target to 1.3250. At… Read More

The British pound sterling is on a steady course and is likely to close with a three-day gain. Price action is, however, still below the key technical resistance level of 1.3122. A breakout above this level is required to confirm… Read More

The British pound sterling managed to post modest gains into Friday's close. Price action rallied towards the 1.3122 resistance level. Failing to clear this level, the cable ended the session on a somewhat weaker note. It is clear… Read More

The British pound sterling is back on track to retest the resistance level near the 1.3122 region once again. This comes as price action has made a gradual lift off from the lower end near the 1.3000 level earlier in the week. But the… Read More

The British pound sterling continues to trade weaker with price briefly testing the lows, just a few pips above the 1.3000 level. Price action has now comfortably settled within 1.3122 and 1.3000. This means that a breakout from this… Read More

Dollar Keeps Its Handle The US index closed positively for the fourth day in a row as continued talks of a stimulus package remain hopeful. The dollar is reacting to the strong producer price index (PPI) data from the US yesterday. This… Read More