June 25, 20240Comments

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

Yesterday, the pound sterling rebounded from the support of the daily MACD line and gained 40 pips by the end of the day. Now the price is rising above

by Sz. Daniela

Forex Analysis

June 24, 20240Comments

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

The pound sterling fell by 13 pips on Friday. The price stopped falling at the MACD line on the daily chart. This morning, the price is consolidating

by Sz. Daniela

Forex Analysis

June 21, 20240Comments

Forex Analysis – Forecast for GBP/USD on June 21, 2024

Yesterday, the Bank of England kept the rate unchanged, and the vote was split 7-2 (same as in May). As market participants expected, there was a hint of a rate

by Sz. Daniela

Forex Analysis

June 20, 20240Comments

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

Yesterday, the British pound tried to reach the target resistance at 1.2745 but lacked external support, so it eventually abandoned this attempt.

by Sz. Daniela

Forex Analysis

June 19, 20240Comments

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

Yesterday, the British pound failed to extend its downward movement due to a sudden increase in risk appetite across the market. However, the situation has

by Sz. Daniela

Forex Analysis

June 18, 20240Comments

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

Yesterday, the British pound edged higher as the dollar index was down 0.23%. The pound is currently in a neutral state between the MACD line

by Sz. Daniela

Forex Analysis

June 17, 20240Comments

Forex Analysis – Forecast of GBP/USD on June 17, 2024

The double divergence on the daily chart for the British pound proved quite effective, with Friday's price drop amounting to 75 points.

by Sz. Daniela

Forex Analysis

June 14, 20240Comments

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

The British pound's lower shadow on the daily candle reached Wednesday's opening level. However, the target support at 1.2745 prevented the price from staying

by Sz. Daniela

Forex Analysis

June 13, 20240Comments

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

Yesterday's economic reports showed weak figures for construction, manufacturing, and trade balance in the UK. However, the dramatic decline in the US CPI

by Sz. Daniela

Forex Analysis

June 11, 20240Comments

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

On the daily chart, yesterday's lower shadow gives the price an opportunity to rise today and even tomorrow, attempting to break through the resistance at 1.274

by Sz. Daniela

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