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Muhammad Jahanzaib

Pakistan, Lahore

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May 6

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The 1.4250 price level has acted as strong level of resistance on this pair as price has fallen back sharply to the 1.4000 support level, the price currently is in consolidation phase, with threats to the downside. the break of 1.4000 support level will open the door for price to test lower support levels on the pair which are 1.3900 and further down 1.3750 price.

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GBP/USD Analysis Nov 3rd

Nauman Posted 3 Nov. in #Trader's blog

After sharp decline yesterday the GBP/USD pair is in consolidation phase before the Nonfarm Employment Change data from the USA today, the bearish pressure on the pair is strong and in my view the price will fall further to target the 1.2800 support area, the immediate level of support for the pair is 1.3025, while the intraday resistance level is at 1.3130.

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GBP/USD Analysis

Nauman Posted 2 Nov. in #Trader's blog

The important resistance level of 1.3290 is holding price from further bullish movement, the price is right now in consolidation phase before the Bank of England rate decision news, in my view the hawkish stance of the bank has already been priced in by the market, so I don,t expect a strong bullish reaction. The pair has support levels today at 1.3240 and 1.3200, break of these support levels can start a reversal to retest the important lower support level of 1.3100.

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