June 7, 20230Comments

Forex Analysis – Forecast for GBP/USD on June 7, 2023

The British pound is stuck in a narrow range between the MACD line on the daily chart and the resistance level of 1.2443. This level is defined as the average

by Sz. Daniela

Forex Analysis

June 6, 20230Comments

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

Yesterday, the British pound tried to fall below the MACD line on the daily chart but was pushed back up towards the resistance level at 1.2443.

by Sz. Daniela

Forex Analysis

June 5, 20230Comments

Forex Analysis – Forecast for GBP/USD on June 5, 2023

On Friday, the pound fell by 75 pips amid mixed but not exactly weak US employment data. This morning, upon the news of President Biden signing a bill

by Sz. Daniela

Forex Analysis

June 2, 20230Comments

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

Yesterday, the British pound rebounded from the support of the MACD indicator line (daily) and surged up by 138 points. It gained 84 points in a day,

by Sz. Daniela

Forex Analysis

June 1, 20230Comments

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

Yesterday, the British pound showed a decent growth (0.22%) as the US dollar index strengthened by 0.15%. The price consolidated above the MACD line

by Sz. Daniela

Forex Analysis

May 31, 20230Comments

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

Yesterday, the British pound grew (by 0.47% compared to a 0.20% decline in the dollar index) and its upper shadow managed to reach the target level of 1.2443

by Sz. Daniela

Forex Analysis

May 30, 20230Comments

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

The pound sterling is rising for the third day. It's probably aiming for the narrow range of 1.2400/43, where it felt comfortable a week ago, before the dollar

by Sz. Daniela

Forex Analysis

May 29, 20230Comments

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

On Friday, the price tried to test the resistance of the MACD indicator line on the daily chart, but it failed. This pattern often leads to a resumption

by Sz. Daniela

Forex Analysis

May 26, 20230Comments

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

Yesterday, the pound opened and closed below the MACD indicator line. The downward movement may move towards the target range of 1.2125/53.

by Sz. Daniela

Forex Analysis

May 25, 20230Comments

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

On Wednesday, the British pound broke through the resistance level of 1.2443 and, finding it strong, closed the day below the MACD indicator line on the

by Sz. Daniela

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