Chart GBP/USD Update: Extending gains

May 15, 2024 3:40 PM UTC

Anticipated gains have reached strong resistance at the 1.2665 Fibonacci retracement

Chart GBP/USD Update: Poised for further gains

May 15, 2024 7:28 AM UTC

Anticipated tests higher have reached strong resistance at 1.2600

Chart GBP/USD Update: Cautious trade

May 14, 2024 7:24 AM UTC

The test of congestion resistance at 1.2560 is giving way to anticipated consolidation

Chart GBP/USD Update: Extending gains, focus shift to 1.2570, 1.2600

May 14, 2024 1:42 AM UTC

Extending gains from the 1.2445 low with break above the 200-day MA seeing approach of the 1.2570 resistance

Chart GBP/USD Update: Consolidating

May 13, 2024 7:30 AM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious

Chart GBP/USD Update: Scope for stronger gains above the 1.2500 level

May 13, 2024 1:38 AM UTC

 Saw rebound from the 1.2445 low to regain the 1.2500 level

Chart GBP/USD Update: Bounce back in consolidation

May 10, 2024 7:31 AM UTC

Anticipated tests lower have bounced smartly from congestion support at 1.2450

Chart GBP/USD Update: Consolidating, scope to extend rebound from 1.2445 low

May 10, 2024 2:12 AM UTC

Corrective pullback reached 1.2445 low ahead of rebound to regain the 1.2500 level

Chart GBP/USD Update: Prices remain under pressure

May 9, 2024 7:25 AM UTC

Little change, as mixed/negative intraday studies keep near-term sentiment cautious

Chart GBP/USD Update: Room for deeper pullback below the 1.2500 level

May 9, 2024 1:49 AM UTC

Consolidating at the 1.2500 level but a deeper pullback from the 1.2635 high remains in focus as prices retrace rally from the 1.2300, April YTD low

Chart GBP/USD Update: Leaning lower

May 8, 2024 7:27 AM UTC

Consolidation is giving way to the anticipated break below 1.2500

Chart GBP/USD Update: Extending pullback from the 1.2634 high

May 8, 2024 1:41 AM UTC

Break of the 1.2518/00 support extending pullback from the 1.2634 high

Chart GBP/USD Update: Consolidating - prices coming under pressure

May 7, 2024 7:28 AM UTC

Anticipated gains have given way to consolidation

Chart GBP/USD Update: Range-bound in consolidation below 1.2634 high

May 7, 2024 2:00 AM UTC

Little change, with prices locked in range below the 1.2634 high of Friday

Chart GBP/USD Update: Consolidating - room for a test higher

May 3, 2024 7:32 AM UTC

Little change, as prices extend cautious trade beneath resistance at the 1.2569 high of 29 April

Chart GBP/USD Update: Scope to extend gains from 1.2300 low

May 3, 2024 1:49 AM UTC

Remains in consolidation below the 1.2570 high with the resulting flag pattern suggest scope for break to extend gains from the 1.2300 low

Chart GBP/USD Update: Balanced above 1.2500

May 2, 2024 7:30 AM UTC

Cautious trade beneath 1.2500 has given way to a bounce back above here

Chart GBP/USD Update: Poised for retest of 1.2570 high

May 2, 2024 2:07 AM UTC

Limited on pullback from the 1.2570 high and bounce at the 1.2466 low return focus to the upside

Chart GBP/USD Update: Consolidating gains - daily studies edging higher

April 30, 2024 7:28 AM UTC

Anticipated gains have reached 1.2569

Chart GBP/USD Update: Extending gains, scope to 1.2600 level

April 30, 2024 2:06 AM UTC

Break above the 1.2518 resistance has seen gains to 1.2570 high.

Chart GBP/USD Update: Balanced at 1.2500/18 - 1.2530 - daily studies remain positive

April 29, 2024 7:19 AM UTC

Still little change

Chart GBP/USD Update: Consolidating, room for further gains later

April 29, 2024 2:06 AM UTC

Settled into consolidation from the 1.2518/40 resistance as prices unwind the overbought intraday and daily studies

Chart GBP/USD Update: Consolidating - daily studies remain positive

April 26, 2024 7:25 AM UTC

Little change as falling intraday studies keep near-term sentiment cautious 

Chart GBP/USD Update: Extending corrective gains

April 26, 2024 2:03 AM UTC

Extending sharp gains from the 1.2300 low to reach resistance at the 1.2500/18 area

Chart GBP/USD Update: Sentiment improving

April 25, 2024 7:25 AM UTC

Cautious trade is giving way to the anticipated move higher

Chart GBP/USD Update: Still scope to extend corrective gains

April 25, 2024 1:53 AM UTC

Sharp gains from the 1.2300 low reached the 1.2470/85 resistance

Chart GBP/USD Update: Consolidating sharp gains - daily studies turning higher

April 24, 2024 7:31 AM UTC

Sharp gains have reached 1.2465, where unwinding overbought intraday studies are prompting short-term reaction

Chart GBP/USD Update: Extending corrective gains

April 24, 2024 2:03 AM UTC

Break above the 1.2400 level extending gains from the 1.2300 low as prices unwind the deep oversold daily studies

Chart GBP/USD Update: Fresh 2024 year lows - strong support at the 1.2240 Fibonacci retracement

April 23, 2024 7:26 AM UTC

Anticipated losses have reached congestion support at 1.2300

Chart GBP/USD Update: Consolidating test of 1.2300 YTD low

April 23, 2024 1:59 AM UTC

Turned up in consolidation from the 1.2300 low as prices unwind the deep oversold intraday studies

Chart GBP/USD Update: Back in range following a move to fresh 2023 low

April 19, 2024 7:22 AM UTC

Consolidation has given way to a test below congestion support at 1.2400

Chart GBP/USD Update: Under pressure

April 19, 2024 1:59 AM UTC

Coming under fresh selling pressure after bounce attempt was checked at the 1.2485

Chart GBP/USD Update: Consolidating above fresh 2024 low - limited tests higher

April 18, 2024 7:23 AM UTC

Still little change, as prices extend consolidation above congestion support at 1.2400

Chart GBP/USD Update: Scope to extend bounce from 1.2405 low

April 18, 2024 1:59 AM UTC

Edged up from the 1.2405 low as prices consolidate the steep drop from the 1.2700 level

Chart GBP/USD Update: Consolidating above fresh 2024 low - upside to remain limited

April 17, 2024 7:25 AM UTC

Little change, as prices extend consolidation above congestion support at 1.2400

Chart GBP/USD Update: Steadied at 1.2405 low, scope for bounce

April 17, 2024 1:58 AM UTC

Break to fresh low has seen losses just shy of the 1.2400 level

Chart GBP/USD Update: Consolidating test of 1.2500 - studies leaning lower

December 11, 2023 9:06 AM UTC

Asterisk denotes strength of level
08:55 GMT - Anticipated losses have reached congestion support at 1.2500, where rising intraday studies and flattening oversold daily stochastics are prompting short-term consolidation. A minor test higher cannot be ruled out, but the bearish daily Tension Indicator

Chart GBP/USD Update: Prices remain under pressure

December 11, 2023 2:33 AM UTC

Asterisk denotes strength of level
02:20 GMT - Prices remain under pressure as consolidation below the 1.2600 level has seen losses extending to the strong support at the 1.2500 level. Break here, if seen, will see room to further extend losses from the Nov high to the 1.2450/28 area. Corrective pull