November 16, 20230Comments

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

Yesterday, the pound repeatedly tried to break away from the price channel line in both directions. The attempts turned out to be weak, the attraction of the

by Sz. Daniela

Forex Analysis

November 16, 20230Comments

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

During yesterday's correction, the British pound tested the support of the embedded price channel line (1.2415) and the peak of November 6. This might be enough

by Sz. Daniela

Forex Analysis

November 15, 20230Comments

Forex Analysis – Forecast for GBP/USD on November 15, 2023

After sharply rising on Tuesday, the British pound decided to take a break in the consolidation range of September 7-13 at 1.2447-1.2524. During this pause,

by Sz. Daniela

Forex Analysis

November 13, 20230Comments

Forex Analysis – Forecast for GBP/USD on November 14, 2023

On Friday, we observed a price reversal from the balance indicator line. Yesterday, the price entered the target range of 1.2261/87, and this morning, it reache

by Sz. Daniela

Forex Analysis

November 13, 20230Comments

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

The pound's first attempt to break below the balance line (red moving average) was unsuccessful. Perhaps we will see more attempts, as the price has settled

by Sz. Daniela

Forex Analysis

November 10, 20230Comments

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

Yesterday, the British pound failed to overcome the resistance of the MACD indicator line (red arrow) and, turning away from it, closed the day with

by Sz. Daniela

Forex Analysis

November 9, 20230Comments

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

On Wednesday, the price was stuck in a range between 1.2261/87, reinforcing the duality of emerging scenarios. The first and main scenario involves breaking

by Sz. Daniela

Forex Analysis

November 8, 20230Comments

Forex Analysis – Forecast for GBP/USD on November 8, 2023

Yesterday's decline was supported by the 1.2271/1.2287 range and the balance indicator line on the daily chart. This morning, the price is staying

by Sz. Daniela

Forex Analysis

November 7, 20230Comments

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

Yesterday, the British pound fiercely resisted the dollar's corrective growth. The upper shadow of the pound almost reached the embedded price channel

by Sz. Daniela

Forex Analysis

November 6, 20230Comments

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

It appears that the British pound had been preparing for a bullish breakout, as it has been consolidating for a while. GBP/USD surged by 180 pips due to moderat

by Sz. Daniela

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