January 30, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 30, 2024

At the end of Monday, the British pound gained only 7 pips, but it proved to be enough for the price to stay above the daily balance indicator line this morning

by Sz. Daniela

Forex Analysis

January 29, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 29, 2024

On Friday, after a slight break of the upper shadow of the target level of 1.2745, the price settled below the balance indicator line.

by Sz. Daniela

Forex Analysis

January 26, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 26, 2024

The British pound moved with a 30-pip range during the European Central Bank meeting. It closed the day lower. The Marlin oscillator hasn't ventured into the po

by Sz. Daniela

Forex Analysis

January 25, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 25, 2024

Yesterday, the British pound pierced the target level at 1.2745 with the upper shadow. The movement was optimistic but ultimately turned out to be weak

by Sz. Daniela

Forex Analysis

January 24, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 24, 2024

Yesterday, the British pound touched the target level of 1.2745 with its upper shadow and then it pulled back below the balance indicator line on the daily cha

by Sz. Daniela

Forex Analysis

January 23, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 23, 2024

Yesterday, the British pound was up 4 pips against the broad weakness of counter-dollar currencies. This is a positive sign for the British currency.

by Sz. Daniela

Forex Analysis

January 22, 20240Comments

Forex Analysis – Forecast for GBP/USD on January 22, 2024

On the daily chart, the British pound closed above the balance indicator line on Friday, and this morning, it is rising towards the nearest

by Sz. Daniela

Forex Analysis

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

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