gbp/usd

Good morning, GBP shows solid weekly resistance area around 1.2450, suggesting some moderate downside bounce. Still, longer-term picture is getting more bullish signs gradually:

Good morning, GBP now shows bullish cross-market divergence with EUR. It tells that chances on upside action exist and we could get here nicely looking "222" Sell around 1.2260:

Good morning, While we're still waiting for clear bearish patterns on EUR, GBP shows more evident picture. But both currencies suggest that downside action supposedly will be more extended:

Good morning, GBP is another currency that has shown unique action with no reaction on recent USD weakness. We hope that B&B on monthly chart is started, and watch for 1.2250-1.2296 resistance cluster to decide on short entry:

Good morning, GBP has also chances to start bearish B&B trade on monthly chart. Now we suggest that 1.2450 area is most probable one where it could start from:

Good morning, UK economy is becoming the first victim of crushing global financial system. No doubts, our 0.95 target will be reached. In short term perspective we consider 1.11-1.12 resistance area as interesting to consider short entry:

Good morning, Today it is time to recall our B&B "Sell" setup on GBP. Obviously CPI should make the day but technically setup is almost ready. Also we briefly take a look at EUR situation that stands very similar.

Good morning, GBP is forming few trading setups on different time frames. On daily chart we consider 1.1730-1.1760 as interesting area for short entry:

Good morning, GBP is coiling around daily lows at the eve of Wyoming statement. We consider it as a sign of coming downside breakout with nearest target @1.16-1.1615

Good morning, GBP holds short-term bullish context and we suggest that 1.2150-1.2170 level is worthy to consider for long entry:

Good morning, GBP is coming to vital 1.19-1.1960 area. Bulls have to hold it above this level to keep chances on upside reversal. Otherwise cable breaks 1.13 lows in mid term:

GBP/USD - Positive momentum is off the charts

Good morning, GBP 3-Drive Buy pattern on daily chart is ready to use. Whether it works or not - is rhetoric question, but anyway trading setup stands in place.

Good morning, GBP now is coming to 1.18-1.1810 target of daily bullish pattern. The pullback to 1.24 could happen, but we're mostly interesting on its failure, because of political crisis and weak fundamentals in UK. Downside breakout suggests action below 1.12 area in mid term.

Consumer inflation continues to gain momentum in the UK. Data for May showed that CPI accelerated to 9.1% y/y - a record among the G7 and a 40-year high. The monthly price growth rate was 0.7% compared to 2.5% and 1.1% in the previous two months. However, apart from the reversal to lower base...

Good morning, GBP shows thrusty intraday action and we suggest reaching of at least 1.2450 resistance area. Thus we do not consider taking any short positions by far:

Good morning, GBP hits major daily target and we expect tactical upside reaction. Still, as downside momentum is strong we suggest that 1.1850 could be reached and watch for 1.2185 resistance level for potential short entry:

Good morning, GBP has reached solid resistance area, that makes downside reversal and action to longer term downside targets very probable:

Good morning, GBP Today looks more interesting for short term trading, giving us potentially two trading setups at least. First, we watch for 1.2420-1.2450 resistance area where short position might be considered:

Good morning, Technical picture suggests that GBP should hit 1.25 and 1.20 level in mid term: