Pair’s Outlook None of the nearby resistances proved to be strong enough to prevent GBP/USD from soaring yesterday. Both the 55-day SMA and monthly PP were effortlessly pierced through, ... Read More
GBP/USD Open 1.6607 High 1.6625 Low 1.6561 Close 1.6604 On Monday Pound/Dollar increased with almost 65 pips. The Cable appreciated from 1.6561 to 1.6625 yesterday, in line with the ... Read More
Pair’s Outlook GBP/USD fell below a series of supports during the last five trading days, including the monthly PP and 55-day SMA. Accordingly, given that there are no dense ... Read More
Pair’s Outlook The monthly pivot point failed to keep GBP/USD afloat and thereby exposed 1.6590/87. And even though this support area is quite dense, consisting of the 55-day SMA ... Read More
Pair’s Outlook GBP/USD does not seem to be in a hurry to descend, but being that it has just recoiled from the rising resistance line, the pair may cede ... Read More
Pair’s Outlook At first it looked as if the Sterling is going to continue the advancement seen last week. However, despite the bullish technical signals on the weekly and ... Read More
Pair’s Outlook Following a rebound from the 100-day SMA and 2011 highs at 1.65 GBP/USD has breached a number of tough resistances, including the 55-day SMA and monthly pivot ... Read More
Pair’s Outlook Interestingly enough, EUR/USD and GBP/USD continue moving in the opposite directions, enough though generally we would expect them to exhibit strong direct correlation. Nonetheless, the Sterling, unlike ... Read More
Pair’s Outlook The Cable stayed on a bullish path and, as a result, rose up to one of the key resistances. At the moment it is testing supply area ... Read More
Pair’s Outlook Despite a recent dip beneath the 2011 highs and 100-day SMA, GBP/USD managed to recover in a short period of time and it is already testing the ... Read More
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