Forex Trader

Can we say that? It looks to me that this level at 1.1580/600 could support the Pound for now, from where the pair could try to recover to 1.5670!? Well, there is NFP coming today, that could be a trigger and it could brake this level if the data will be better, but let’s see until what will happen. The

The Pound has returned 50% loss of the huge July 2014. > April 2015. fall, with high of 1.5929 for now. Even the pair was near this level before 5 weeks, 1.5800 was to much then and US dollar bulls has retuned the pair down to 23.6 fibo at 1.5170, to the level which has supported the British currency in the

Third bearish week for the Pound, but daily MA100 hold the pair on the way down for three times this week at 1.5170. In this week, the pair has closed almost at the opening level, 1.5268/1.5283, but weekly range was almost 300 pips. The buyers were ready at Tuesday after wich the pair has touched daily MA100 and previous support level

The Pound has stuck between 1.5450/50 support and H4/MA100 at 1.5485 on the way up. The pair is bearish, pressing down on the support and this level could be broken. There is not much reaction from the buyers, they are to calm for now. If this support breaks, US dollar buyers could targeting 1.1530/60 next. If the bulls defend this

After the huge fail weekly brake at the end of April, begining of May the Pound is unstoppable and it almost reached the 50% return from the huge GBP/USD fall! This level looks like sellers teritory now all the way to the 1.5900 and it would be interesting to see now, how will sellers react on this huge gain. Elections boost

Surely you remember my predicted 1.5500 target for the Ponud in my GBP/USD previous analysis. Well, the Pound has reached that level last week at April 29., after wich has literally smashed down all the way to 1.5146, where the pair closed last week. Weekly chart looks preaty ugly now, isn’t it. What do we have now? 1.5170/200 is strong resistance again,

After two great weeks for the British Pound, begining of the third week is beautiful as well. After UK GDP data weaker then expected, the pair tested previous strong resistance, now support at 1.5170 and the bulls have defend that teritory successfuly, boosting Pound after all the way to the next resistance at 1.5300/30. Let’s see how serious are sellers here

I wrote about this 23.6 fibo level in my GBP/USD analysis from April 17. This retracement level is from the July 2014./April 2015. fall and as you can see, it’s not easy to pass true. Last two weeks the Pound had a great gain, recovering from the low 1.4564 for days continuously. At the end of the last week the

Despite fail brake of 1.0500 from the last week, previous week was the best ‘Pound week’ in the last 9 months. To be even better, the pound broke 1.0500 on wednesday and for now it reached 1.05145 high, where the trendline stopped today’s growth. This is important level for the Pound and it would be interested to see how will this

We have another fail brake here and that’s exactly what I was write about in my yesterday’s GBP/USD analysis. The Pound didn’t manage to stay above the 1.5000, what was very important for furder development here. Even the level was clearly broken with high of 1.5052, at the end of the day the pair close at 1.4962. The Pound was

After the March 18. and huge fail brake (FOMC day), the Pound didn’t manage to brake 1.5000, not until today, one month latter. With 1.5052 high, the resistance is broken, that’s for sure, but this level must be defended and the pair must close the day/this week above, how 1.5000 will become support. For the bulls, 1.5170/200 will be the

After March 18., (FOMC) and huge 200 pips fail brake, the Pound can’t manage 1.4950/90 for five days in a row. Previous strong down trendline ‘still works’, previous support, now strong resistance at 1.4950/90 as well. First support holds on the way down at 1.4830/40 for the last three days in a row, stronger one is down to 1.4700 and

After the pair touched the bottom in January, at 1.4950/1.5000, pound win 4 of 5 weeks and manage to reach 1.5470, where the pair found resistance twice in the last two weeks. As you can see, that level is previous support level from December 2014. and it’s not easy to brake. Sellers are placed from 1.5470 to 1.5550 and next technical resistance