The GBP/USD has continued to attempt to pass various resistance levels in the aftermath of the fundamental fall that occurred on Friday.
As the EU declined UK's Brexit offers, the GBP/USD dropped like a rock.
The GBP/USD currency exchange rate had reached the targeted resistance of 1.3290 earlier than initially forecast.
On Thursday morning the release of the UK Retail Sales disapointed.
On Wednesday morning, the GBP/USD jumped 40 pips.
The surge of the GBP/USD reached above the 1.3160 level, breaking a long term pattern's resistance line.
The GBP/USD should surge, as it found support in a junior ascending pattern.
The Bank of England announcement did not cause much volatility.
The GBP/USD is waiting for the Bank of England announcement at 11:00 GMT.
On Wednesday, the GBP/USD traded near previous trading day's session, but was set to be pushed higher by SMAs into a resistance level at the 1.3040 mark.
The GBP/USD took the expected 100 pips with ease on Monday and even pierced the resistance levels, which were expected to stop it.
On Monday, the GBP/USD was positioned to surge almost 100 base points, as it faced no technical resistance.
After trading almost sideways for the past 24 hours, a surge began on the GBP/USD charts.
Due to a fundamental event the GBP/USD has jumped.
As the Services PMI data was released, the GBP/USD did not stop its decline.
The GBP/USD has passed support at 1.2850 and will go down to the next support level.
GBP/USD began the week with a decline, which is set to continue.
On Friday the Pound was retreating against the US Dollar.
The 58% of all of the GBP/USD positions on SWFX were bullish on Wednesday. Most likely all of these Dukascopy traders have massive gains.
After breaking various patterns on Tuesday, on Wednesday the GBP/USD pair retreated back down.
The GBP/USD pair was breaking patterns on Tuesday, as the recently drawn junior pattern was broken.
On Monday, the GBP/USD tested the support of a weekly pivot point, which managed to hold and support the Pound. The encounter ended in a surge of the Pound against the US Dollar.
The Pound shows some slight downside potential against the US Dollar in this session.
As it was expected on Wednesday, the GBP/USD currency rate broke the narrow ascending pattern on Thursday.