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.
It was expected that the GBP/USD will reach higher in the upcoming trading sessions. Instead the pair has jumped, quickly reaching above the 1.29 level.
The GBP/USD has increased its gains more than expected, as on Tuesday the pair even touched the 1.2850 mark.
On Monday morning the GBP/USD rate fought with the resistance of a weekly and a monthly pivot points.
During the first half of Friday's trading the GBP/USD pair continued to struggle with the resistance located at the 1.2740 mark.
On Thursday morning, the Pound made a short lived attempt to surge against the US Dollar.
On Wednesday, the GBP/USD continued to decline. Moreover, the currency rate was preparing to reach for the next support level at the 1.2660 mark.
On Tuesday morning it could be seen that the GPB/USD pair is doing a rebound after finding support in a pivot point.
On Monday, the GBP/USD currency exchange rate fluctuated near the 1.2750 mark. The reason for the almost horizontal trading was the support provided by a monthly pivot point at 1.2744
The GBP/USD broke a significant long-term dominant descending channel during the morning hours of today's session.
Sterling continued it decline against the US Dollar.