Towards close of 2021, we were looking for a retest of the 1.34726 zone for us to get in on the GBPUSD long train. Needless say the retest did not come, but we still had the chance to cash in on the move. Price instead rallied up breaking 1.34615 to the resistance zone at 1.35050 […]
Following on last week’s analysis, the pound indeed did break the 1.33654 zone we were watching headed to the top of the channel. From a fundamental perspective we’re looking at a very slow week heading on to the new year. If anything, we’re looking at an extensive week of bank holidays from 31st Dec all […]
On the daily chart GBPUSD has held within a downward channel since hitting the year’s high on June 1st at 1.42456. Generally, the pound has been weak in the last half of the year, but is it time for a reversal for the pair? Turning to H4 we note the confluence between the bottom of […]
The bears and bulls seem to be in a real tug of war with 1680 support zone proving to hold for the year since March.Since the retest on Aug 10th and the rally back up, a more significant support has been established around 1760 which is all the rage for the bulls, and an equally […]