GBPUSD

GBPUSD seems to have formed a cycle degree wave e that consists of primary corrective sub-waves Ⓐ-Ⓑ-Ⓒ. Wave e is part of a large triangle. Currently, prices are structuring a bearish impulse consisting of intermediate sub-waves. The…

GBPUSD seems to have formed a cycle degree wave e that consists of primary corrective sub-waves Ⓐ-Ⓑ-Ⓒ. Wave e is part of a large triangle. Currently, prices are structuring a bearish impulse consisting of intermediate sub-waves. The…

The British pound sterling is down close to one percent during intraday trading on Tuesday. The declines came as price action was trading flat within the weekend gaps over the past two weeks. The new virus strain that was reported saw…

The British pound sterling gapped lower on the open on Monday. Prices fell steadily to intraday lows of 1.3289 before reversing direction. This also coincides with the 11 Dec gap. Back then, the GBPUSD gapped higher on optimism due to…

The British pound sterling crashed through the 1.3500 level of support on Monday's opening. The declines pushed the sterling down to the previous support level of 1.3300. The move comes amid the ongoing Brexit talks which have once…

The British pound Sterling continued to rise higher on Thursday. The gains come as the Bank of England held its monetary policy meeting. As expected, the central bank did not make any changes to its stimulus purchases or interest rates.…

The British pound sterling saw a bullish day in the markets. Price action rose to the 13 December 2019 highs of 1.3500 before pulling back. This puts the GBPUSD to test a one year high. For the moment, the previously held resistance…

The British pound sterling continues to trade flat albeit, price action is firmly supported above the 1.3300 level. Following the gap higher at the start of the week, the GBPUSD has been pushing lower. For the moment, there remains an…

The British pound sterling opened the day on a bullish note. Prices gapped higher at the open to trade above the 1.3300 level for the most part. The big jump came as EU and the UK leaders pledged to walk the extra mile and iron out…

The British pound sterling slipped below the support level of 1.3300 on Friday. This comes as Brexit talks come to a head. For the moment, the lower support near 1.3122 remains the key price point. As long as this support level holds,…