June 30, 20230Comments

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

Yesterday, the British pound tested the target support level of 1.2600, which it failed to do on Wednesday. Now it needs to surpass the embedded line of the

by Sz. Daniela

Forex Analysis

June 29, 20230Comments

Forex Analysis – Forecast for GBP/USD on June 29, 2023

The pound fell by 112 pips yesterday, nearly reaching the target support level at 1.2600 with its lower shadow. Now the British currency should settle below

by Sz. Daniela

Forex Analysis

June 28, 20230Comments

Forex Analysis – Forecast for GBP/USD on June 28, 2023

Yesterday, the British pound edged up following the euro, trading freely within the consolidation range of 1.2678-1.2785. This morning, the price and the Marlin

by Sz. Daniela

Forex Analysis

June 27, 20230Comments

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

On Monday, the British pound traded within Friday's range, which did not change the technical situation. The Marlin oscillator keeps going down on the daily

by Sz. Daniela

Forex Analysis

June 26, 20230Comments

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

The British pound is slightly gaining this morning after yesterday's successful attempt to resist the bulls as the price approached the target support level of

by Sz. Daniela

Forex Analysis

June 23, 20230Comments

Forex Analysis – Forecast for GBP/USD on June 23, 2023

Despite the Bank of England's decision to raise the base rate by 0.50% instead of the expected 0.25%, the British pound closed the day down by 22 pips.

by Sz. Daniela

Forex Analysis

June 22, 20230Comments

Forex Analysis – Forecast for GBP/USD on June 22, 2023

Yesterday, the British pound traded within a range of 110 pips, closing the day with a 5-pip increase. Such volatility allowed the price to hold below

by Sz. Daniela

Forex Analysis

June 21, 20230Comments

Forex Analysis – Forecast for GBP/USD on June 21, 2023

Yesterday, the British pound settled below the linear resistance at 1.2785. The Marlin oscillator's signal line is declining, inspiring the British pound

by Sz. Daniela

Forex Analysis

June 20, 20230Comments

Forex Analysis – Forecast for GBP/USD on June 20, 2023

With yesterday's downward movement, the pound slightly fell below the support level at 1.2785 and left further actions for today. The main task for today is to

by Sz. Daniela

Forex Analysis

June 19, 20230Comments

Forex Analysis – Forecast for GBP/USD on June 19, 2023

On Friday, the British pound managed to bounce off the support level at 1.2785 and approach the target of 1.2870, showing a net gain of 40 pips.

by Sz. Daniela

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