Forex – GBP/USD hits fresh daily high as sentiment strengthens

Forex – GBP/USD hits fresh daily high as sentiment strengthens Forex Pros – The pound advanced to a fresh daily high against the U.S. dollar on Monday, as investor appetite for risk remained subdued amid concerns over the debt crisis in the euro zone. Read more on Nasdaq

GBPUSD: Bearish Breakout Ahead?

GBPUSD: Bearish Breakout Ahead? GBPUSD is edging lower following a test of resistance marked by the midline of a rising channel established from mid-May, with negative divergence on weekly RSI studies hinting a bearish breakout may be ahead. I will look for confirmation on a close below the channel bottom (now at 1.5788) to enter [...]

Forex: GBP/USD, lower ahead of Europe, approaching 1.6000

Forex: GBP/USD, lower ahead of Europe, approaching 1.6000 FXstreet.com (Barcelona) – The Pound has dived on Asian session, giving away most of the ground taken on Wednesday, as rejection from 1.6180 resistance area on Thursday has dipped below 1.6100 to reach session low at 1.6015 ahead of the European session opening. Read more on The [...]

Forex: GBP/USD, retreat from 1.6300 extends below 1.6200

Forex: GBP/USD, retreat from 1.6300 extends below 1.6200 FXstreet.com (Barcelona) – The Pound rallied almost 300 pips amid general Dollar weakness over the previous two days, reaching a fresh 9-month high at 1.6300, where the pair failed before pulling back in Asia, to reach session lows below 1.6200 ahead the European markets opening. Read more [...]

Forex: GBP/USD heading towards 1.6000

Forex: GBP/USD heading towards 1.6000 FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.5952. Pound extended gains today, continuing the rally triggered earlier this week on better than expected quarterly GDP. Established above 1.5900, price action suggest further gains ahead in the cross, despite indicators are exhausted both in 1 and 4 hours charts: price holding [...]

Forex: GBP/USD run extends to 1.5720

Forex: GBP/USD run extends to 1.5720 FXstreet.com (Buenos Aires) – Pound accelerated to the upside breaking 1.5700 level, having reached at the time of writing an intraday high of 1.5720, posting a fresh 5-month high, confirming the bullish tone the UK currency presented all the week. Read more on The Forex Market

Forex: GBP/USD holds below 1.5500

Forex: GBP/USD holds below 1.5500 FXstreet.com (Córdoba) – The Pound was unable to regain levels above 1.5500 during the American session. The pair retreated from 1.5518 (3-month high) to 1.5450. In the last hours the pair has been steady hovering around 1.5480, consolidating a daily gain of 70 pips. Read more on The Forex Market

Forex: GBP/USD breaks below 1.5100

Forex: GBP/USD breaks below 1.5100 FXstreet.com (Córdoba) – After being rejected from levels above 1.5200 the Pound weakened considerably and rallied to the downside. The pair fell below 1.5100 and tumbled so far to 1.5091, reaching a fresh intra-day low. To the downside immediate support lies at 1.5080 (July 7 / 6 low). Read more [...]

Forex: GBP/USD bounces at 1.4805 to 1.4850 area

Forex: GBP/USD bounces at 1.4805 to 1.4850 area FXstreet.com (Barcelona) – Pound’s pullback from 1.4940 extended to support level at 1.4805 ahead of the US session opening, where sellers showed up and sent the pair somewhat higher, to levels around 1.4850 on early US session. Read more on The Forex Market

GBP/USD Classical 05.20

GBP/USD Classical 05.20   GBP/USD : The market has finally taken out the key 2010 lows by 1.4780 to confirm a fresh medium-term lower top by 1.5500 and open the next major downside extension towards critical psychological barriers by 1.4000 over the coming days. Read more on Daily FX via Yahoo! Finance