Forex Trader

Pound goes a step-by-step upwards, but today had stoped exactly at the February 16. resistance, at 1.5430/40. If pound manage to brake that level, 1.5485/500 is next resistance, previous support from the end of December. In the case of decline, 1.5400 is first minor support, and 1.5320/40 stronger.

Do you remember my predicted turnover point at GBP/USD? Low of the year for now is 1.5034 from January 08. where the pair did find solid support and bounce to 1.5200 two times already. Today, British CPI data lower then expetation smash the Pound lower again to 1.5080, but buyers decided that CPI data are not so bad and turn the pair

In my GBP/USD analysis from November 13. I was pointed 1.5700/30 as an very important level for the pair and as I wrote then at my weekly graph, if 1.5730 broke, that level will become a strong resistance area for the pair. So it was! After the pair broke that support, pound tried to recover for 5 weeks, but it didn’t

USD strenght over the past few months broke several important support levels here and for the past 5 weeks the pound can’t recover more then 1.5700/800. You can see at this weekly chart why. USD return more then 61.8% loss of the July 2013.—> July 2014. pound rally and that level has become a strong weekly resistance point for the pound. This

As I wrote in my GBP/USD analysis from December 02., 4th attack could brake the support at 1.56, that’s exactly what happened here. Today, the pair touched low 1.5541 and manage to return over the 1.56 again. Now, that level has become the support again and the pair is trying to brake previous minor support, now resistance at 1.5640/50. Watch

If ‘somebody’ don’t stop the GBP/USD fall, 1.56 support could broke!? I am little kidding, but this support is in danger if the pair fell down for the 4th time. Extremely bearish pair from July 15. find the bottom at 1.56 at November 14. but pound can’t recover the loss and keep coming back testing this support three times already. Keep

As I pointed at my GBP/USD analasis from November 13. if the pair brake 1.5700/30 on the way down, that level will become  resistance level, and we can see that GBP can’t get back over for the last 7 days. GBP bulls have try to brake it for several times, but selling pressure on that area is to strong for now, pushing

Can the 61.8 fibo return stop the pound weakening for a while? This is important technical level for the GBP/USD pair and if this support breaks, pound could continue to fall furder toward 1.5000/1.4800! This is not only 61.8 fibo, this level was previous strong weekly reststnace level from begining of July 2013, just before the July 2013. –> June 2014.

130 pips down, 130 pips up! The rason for the way down? GB Markit Services PMI!? The rason for the way back up? US ADP Employment Change!? Probably, but GBP bulls show us one more time that 1.5870/80 is their territoy and that was the level where bears broke their teeth today. Previous support at 1.5950 in those move didn’t