October 20, 20230Comments

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

Yesterday, the pound traded within a 50-point range, closing the day at the opening level. But at the same time, the daily candle settled below the price channe

by Sz. Daniela

Forex Analysis

October 19, 20230Comments

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

Undoubtedly, the British pound is under significant technical pressure, and it may breach the support level at 1.2070, opening the way to the target level of 1.

by Sz. Daniela

Forex Analysis

October 18, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 18, 2023

The British pound closed the day with a black candle as it awaits today's inflation data, piercing the embedded price channel support line.

by Sz. Daniela

Forex Analysis

October 17, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 17, 2023

Amidst a general increase in risk appetite and a weak US dollar, the British pound gained 73 pips, surpassing the resistance of the nearest embedded price

by Sz. Daniela

Forex Analysis

October 16, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 16, 2023

Friday's black candle for the British pound closed below the price channel line. However, there's no such confirmation below the zero line for the Marlin

by Sz. Daniela

Forex Analysis

October 13, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 13, 2023

GBP/USD lost 140 pips and fell towards the embedded line of the price channel, which indicates the strength of the resistance level of 1.2307.

by Sz. Daniela

Forex Analysis

October 12, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 12, 2023

With GBP/USD surpassing the resistance level of 1.2307 and the signal line of the Marlin oscillator continuing to rise in the positive zone,

by Sz. Daniela

Forex Analysis

October 11, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 11, 2023

GBP/USD came close to 1.2307 this morning. The Marlin oscillator also lies in a positive area, so a breakout and rise beyond the resistance level will likely

by Sz. Daniela

Forex Analysis

October 10, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 10, 2023

Yesterday, the British pound successfully closed the gap from the start of the weekly session and continued to rise. Now the price is trying to break above

by Sz. Daniela

Forex Analysis

October 9, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 9, 2023

On the daily chart, Friday's candle opened and closed above the green price channel line, indicating a daily close above this line.

by Sz. Daniela

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