May 8, 20240Comments

Forex Analysis – Forecast for GBP/USD on May 8, 2024

Yesterday, the British pound slumped, outpacing other currencies, ahead of the upcoming Bank of England meeting (on May 9th). The price can now reach the target

by Sz. Daniela

Forex Analysis

May 7, 20240Comments

Forex Analysis – Forecast for GBP/USD on May 7, 2024

Yesterday, the British pound closed the day higher, but it only happened for the sake of solidarity with other counter-dollar currencies.

by Sz. Daniela

Forex Analysis

May 6, 20240Comments

Forex Analysis – Forecast for GBP/USD on May 6, 2024

On Friday, the British pound momentarily surged by more than 100 pips, but quickly retreated to its initial positions, closing the day up by only 12 pips.

by Sz. Daniela

Forex Analysis

May 3, 20240Comments

Forex Analysis – Forecast for GBP/USD on May 3, 2024

The British pound remains focused on achieving a 50% correction from the decline between March 8th and April 22nd. This correction coincides with the target

by Sz. Daniela

Forex Analysis

May 2, 20240Comments

Forex Analysis – Forecast for GBP/USD on May 2, 2024

Yesterday, the British pound unexpectedly returned to the intermediate resistance at 1.2525 – the lows of February 5th and 14th, and the 38.2% Fibonacci level.

by Sz. Daniela

Forex Analysis

April 30, 20240Comments

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

Yesterday, the pound unexpectedly posted strong gains, exceeding 70 pips. The price surpassed the intermediate level of 1.2525, and now it only needs to move

by Sz. Daniela

Forex Analysis

April 29, 20240Comments

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

On Friday, the British pound showed a trading range of more than 90 pips, piercing the resistance level at 1.2525 (38.2% Fibonacci) with the upper shadow of the

by Sz. Daniela

Forex Analysis

April 26, 20240Comments

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

Yesterday, the pound closed the day up by 49 pips, the upper shadow reached the target level of 1.2525 on the Fibonacci 38.2% retracement.

by Sz. Daniela

Forex Analysis

April 25, 20240Comments

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

Yesterday, the British pound stayed above the target level of 1.2427 and above the Fibonacci corrective level of 23.6%. The Marlin oscillator is rising,

by Sz. Daniela

Forex Analysis

April 24, 20240Comments

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

Yesterday, the British currency surged by 98 pips, overcoming two target resistances at once. However, the pound rose on average trading volumes,

by Sz. Daniela

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