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: Under pressure

October 31, 2024 5:37 PM UTC

Cautious trade has given way to the anticipated break lower

Chart GBP/USD Update: Break above 1.3000 not sustained

October 31, 2024 8:26 AM UTC

The anticipated break above congestion resistance at 1.3000 failed to reached the 1.3070 weekly high of 18 October

Chart GBP/USD Update: Edging higher

October 30, 2024 8:30 AM UTC

Cautious trade has given way to the anticipated break above 1.3000

Chart GBP/USD Update: Extending gains from 1.2907 low

October 30, 2024 1:51 AM UTC

 Turning higher in consolidation from the 1.2907 low and trendline support from the April low

Chart GBP/USD Update: Consolidating - daily studies rising

October 29, 2024 8:36 AM UTC

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

Chart GBP/USD Update: Room for stronger bounce from 1.2907 low

October 29, 2024 2:02 AM UTC

Higher in consolidation from the 1.2907 low as prices tracks higher above the trendline from the 1.2300, April low

Chart GBP/USD Update: Consolidating losses - studies under pressure

October 24, 2024 7:27 AM UTC

Anticipated losses have extended to 1.2905/10

Chart GBP/USD Update: Approach strong support at 1.2895/1.2860 area

October 24, 2024 2:04 AM UTC

 Prices remain under pressure to extend losses from the September high to approach the 1.2900 level

Chart GBP/USD Update: Room for lower

October 23, 2024 7:25 AM UTC

The anticipated break below the 1.2973 weekly low of 17 October has bounced from 1.2945

Chart GBP/USD Update: Extending losses, room to 1.2895/1.2860 support

October 23, 2024 1:59 AM UTC

Shallow bounce above the 1.3000 level keeps pressure firmly on the downside 

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