November 6, 20230Comments

Forex Analysis – Forecast for GBP/USD on November 6, 2023

It appears that the British pound had been preparing for a bullish breakout, as it has been consolidating for a while. GBP/USD surged by 180 pips due to moderat

by Sz. Daniela

Forex Analysis

November 3, 20230Comments

Forex Analysis – Forecast for GBP/USD on November 3, 2023

Yesterday, the British pound gained 49 pips, pausing at the resistance of the balance indicator line on the daily chart. This morning, the price has

by Sz. Daniela

Forex Analysis

November 2, 20230Comments

Forex Analysis – Forecast for GBP/USD on November 2, 2023

At the end of Wednesday, the pound closed at the opening level due to the neutral outcome of the Federal Reserve meeting. The pound tried to test the target

by Sz. Daniela

Forex Analysis

November 1, 20230Comments

Forex Analysis – Forecast for GBP/USD on November 1, 2023

Yesterday, the British pound tried to move towards the target range of 1.2271/87 but stopped by the balance line on the daily chart, just as it was on October

by Sz. Daniela

Forex Analysis

October 31, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 31, 2023

Yesterday, the British pound rose by 48 pips and slightly exceeded the resistance of the embedded descending channel's price line. Today it opened above this

by Sz. Daniela

Forex Analysis

October 30, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 30, 2023

The British pound has been consolidating for the fourth day, trading between the price channel line and the target level of 1.2070. Once the price settles

by Sz. Daniela

Forex Analysis

October 27, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 27, 2023

On Thursday, the British pound reached the target support level at 1.2070, with the lower shadow, and closed the day slightly higher, despite strong U.S.

by Sz. Daniela

Forex Analysis

October 26, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 26, 2023

On the daily chart, the price has settled below the price channel line, and the signal line of the Marlin oscillator has entered negative territory.

by Sz. Daniela

Forex Analysis

October 25, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 25, 2023

The British pound, which fell by 87 pips on Tuesday, returned to the week's opening level and stopped at the nearest line of the price channel.

by Sz. Daniela

Forex Analysis

October 24, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 24, 2023

Yesterday, the pound sterling significantly moved away from the embedded price channel line, getting closer to the balance indicator line and the target level

by Sz. Daniela

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