Chart GBP/USD Update: Daily studies continue to rise

November 29, 2024 8:34 AM UTC

Cautious trade around 1.2650 has given way to further gains

Chart GBP/USD Update: Pressuring 1.2700/15 resistance, break in focus

November 29, 2024 1:29 AM UTC

 Consolidation below the 1.2700 level giving way to renewed buying pressure to retest the 1.2700/15 resistance

Chart GBP/USD Update: Sharp gains not sustained

November 28, 2024 8:26 AM UTC

Anticipated tests higher have extended to reach 1.2692

Chart GBP/USD Update: Consolidating below 1.2700/15 resistance, scope for break

November 28, 2024 2:13 AM UTC

 Clear break above the 1.2600 level has seen sharp break above the 1.2665 resistance to approach the 1.2700 level

Chart GBP/USD Update: Potential for a minor test higher

November 27, 2024 8:29 AM UTC

Little change, as prices extend pressure on resistance at congestion around 1.2600 and the 1.2613 monthly low of 27 June

Chart GBP/USD Update: Extend consolidation above the 1.2487 low

November 27, 2024 2:02 AM UTC

Edged up from the 1.2487 low as prices consolidate the sharp November losses from the 1.3048 high

Chart GBP/USD Update: Consolidating above 1.2500 - bearish daily studies stabilising

November 26, 2024 8:48 AM UTC

Little change, as the anticipated minor pullback gives way to consolidation above congestion support at 1.2500

Chart GBP/USD Update: Under pressure, scope to retest 1.2487 low

November 26, 2024 1:49 AM UTC

Limited gains above the 1.2600 level see consolidation here giving way to renewed selling pressure

Chart GBP/USD Update: Choppy above 1.2500 - bearish daily studies stabilising

November 25, 2024 8:30 AM UTC

The anticipated test of congestion support at 1.2500 has extended to 1.2487

Chart GBP/USD Update: Room for stronger bounce from 1.2487 low

November 25, 2024 2:01 AM UTC

Higher opening see prices extending bounce from the 1.2487 low of last week

Chart GBP/USD Update: Volatility giving way to consolidation - gains to remain limited

November 7, 2024 8:29 AM UTC

Consolidation following the test below the 1.2865 Fibonacci retracement and the 1.2843 monthly low of 31 October is giving way to a bounce

Chart GBP/USD Update: Consolidating losses from 1.3045 resistance

November 7, 2024 2:09 AM UTC

No follow-through on break of the 1.2865/60 support as prices turned up from the 1.2834 low to consolidate rejection from the 1.3045 resistance

Chart GBP/USD Update: Sharp losses pressuring the 1.2865 Fibonacci retracement

November 6, 2024 8:20 AM UTC

Anticipated selling interest within the 1.3043/50 area has given way to a sharp fall

Chart GBP/USD Update: Sharp pullback return focus to 1.2844 low

November 6, 2024 6:53 AM UTC

Rejection from strong resistance at 1.3045 July high see sharp drop to threaten the 1.2844, October low

Chart GBP/USD Update: Consolidating - limited tests higher

November 5, 2024 8:22 AM UTC

Little change, as mixed intraday studies keep near-term sentiment cautious and extend consolidation beneath congestion resistance at 1.3000

Chart GBP/USD Update: Consolidating test of 1.3000 resistance

November 5, 2024 1:34 AM UTC

Settled back in consolidation following retest of the 1.3000 resistance and the Thursday's range high

Chart GBP/USD Update: Limited tests higher

November 4, 2024 8:35 AM UTC

Anticipated gains have extended to congestion resistance at 1.3000

Chart GBP/USD Update: Poised for retest of 1.3000 resistance

November 4, 2024 2:18 AM UTC

 Higher at the open see prices poised for retest of the 1.3000 resistance

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