January 19, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 19, 2024

Yesterday, on the daily chart, the British pound opened and closed the day above the balance indicator line (red). This indicates that the balance of power has

by Sz. Daniela

Forex Analysis

January 18, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 18, 2024

Inflation data from the UK showed a rise in the CPI from 3.9% y/y to 4.0% y/y. The core CPI remained at the previous 5.1% y/y instead of falling to 4.9%

by Sz. Daniela

Forex Analysis

January 17, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 17, 2024

Pound fell by 88 pips, approaching the nearest support level of 1.2610. The decline may continue as forecasts say the UK CPI data for December will dip to 3.8%

by Sz. Daniela

Forex Analysis

January 16, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 16, 2024

Pound fell by 23 pips on Monday, and this morning lost another 25 pips. Market players probably have pessimistic expectations over the UK employment data

by Sz. Daniela

Forex Analysis

January 15, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 15, 2024

Pound, consolidating above the level of 1.2745, closed the day 2 points higher. However, looking at the fluctuations, this may not be the case,

by Sz. Daniela

Forex Analysis

January 12, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 12, 2024

Yesterday, the British pound reaffirmed its intention to reach the upper band of the global descending channel at 1.2907. As the US dollar index was down 0.02%,

by Sz. Daniela

Forex Analysis

January 11, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 11, 2024

As the dollar weakened on Wednesday, the British pound gained 31 pips, approaching the target level of 1.2745. The price managed to surpass this mark in today's

by Sz. Daniela

Forex Analysis

January 10, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 10, 2024

Yesterday, the British pound fell by 37 pips after an unsuccessful attempt (with an upper shadow on the daily candle) to break above the resistance at 1.2745.

by Sz. Daniela

Forex Analysis

January 9, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 9, 2024

Yesterday, the British pound pierced through the resistance level at 1.2745 with its upper shadow, and today's opening price is exactly at this level,

by Sz. Daniela

Forex Analysis

January 8, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 8, 2024

The British pound closed Friday with a solid 36-point gain. Now the price will attempt to consolidate above the level of 1.2745. If it succeeds,

by Sz. Daniela

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