November 20, 20240Comments

Forex Analysis – Forecast for GBP/USD on November 20, 2024

The British pound made a false break of the 1.2612 support level yesterday. While the level was tested, the price quickly rebounded and is now approaching

by Sz. Daniela

Forex Analysis

November 19, 20240Comments

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

On Friday, the British pound reached its target support level of 1.2612. With the next target at 1.2510, just over 100 pips away, the price opted for a correct

by Sz. Daniela

Forex Analysis

November 18, 20240Comments

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

The price has successfully tested the 1.2612 support level and now appears ready to initiate a correction. The Marlin oscillator has turned

by Sz. Daniela

Forex Analysis

November 15, 20240Comments

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

The British pound is struggling but successfully breaking through the strong August support zone (highlighted by the green rectangle).

by Sz. Daniela

Forex Analysis

November 14, 20240Comments

Forex Analysis – Forecast for GBP/USD on November 14, 2024

The British pound broke through the target support level of 1.2708 yesterday and shows no signs of stopping. It appears to have sufficient bearish potential

by Sz. Daniela

Forex Analysis

November 13, 20240Comments

Forex Analysis – Forecast for GBP/USD on November 13, 2024

Yesterday's employment data from the UK showed an increase in the unemployment rate from 4.0% to 4.3% in September. As a result, the pound lost 120 pips

by Sz. Daniela

Forex Analysis

November 12, 20240Comments

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

The double convergence on the pound's daily chart failed to materialize, and its momentum was only sufficient to keep the price within the 1.2859–1.2994 range.

by Sz. Daniela

Forex Analysis

November 11, 20240Comments

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

A double divergence on the daily scale attempts to push the price upward from the session's open, targeting the 1.2994 level. Breaking through this level

by Sz. Daniela

Forex Analysis

November 8, 20240Comments

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

On Thursday, the British pound climbed back to the target level of 1.2994, likely driven by the influence of a double convergence. The Marlin oscillator almost

by Sz. Daniela

Forex Analysis

November 7, 20240Comments

Forex Analysis – Forecast for GBP/USD on November 7, 2024

By the close of yesterday's session, reflecting the results of the U.S. elections, the British pound reached the target support level of 1.2859.

by Sz. Daniela

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