August 5, 20240Comments

Forex Analysis – Forecast for GBP/USD on August 5, 2024

The pound gained 64 pips on Friday after the release of US employment data. The reversal occurred from the support of the MACD line on a daily time frame.

by Sz. Daniela

Forex Analysis

August 2, 20240Comments

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

Yesterday, the Bank of England reduced the base rate from 5.25% to 5%. As a result, the pound fell by 116 pips, struggling somewhat,

by Sz. Daniela

Forex Analysis

August 1, 20240Comments

Forex Analysis – Forecast for GBP/USD on August 1, 2024

The British pound did not react to yesterday's announcement of the Federal Reserve's monetary policy adjustment (closer monitoring of the labor market).

by Sz. Daniela

Forex Analysis

July 31, 20240Comments

Forex Analysis – Forecast for GBP/USD on July 31, 2024

Yesterday, the British pound fell below the 1.2847 support level, as it did on Monday, but this time, the pair closed the day below that mark.

by Sz. Daniela

Forex Analysis

July 30, 20240Comments

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

Yesterday, the pound rushed in both directions with a total range of 80 pips, but this did not lead to any significant outcome,

by Sz. Daniela

Forex Analysis

July 29, 20240Comments

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

The British pound is slightly rising from the support level at 1.2847. The Marlin oscillator hovers around the zero line, indicating sideways movement.

by Sz. Daniela

Forex Analysis

July 26, 20240Comments

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

Amidst investors' shift away from risk, the British pound fell 55 pips on Thursday, reaching the target support level of 1.2847. The signal line of the Marlin

by Sz. Daniela

Forex Analysis

July 25, 20240Comments

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

After going through a difficult situation yesterday, with a broad retreat of investors from risk, the British pound managed to hold its ground at Tuesday's

by Sz. Daniela

Forex Analysis

July 24, 20240Comments

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

On Tuesday, the British pound fell by 25 pips, with the Marlin oscillator moving downward. There are about 40 pips left to the support level of 1.2847

by Sz. Daniela

Forex Analysis

July 23, 20240Comments

Forex Analysis – Forecast for GBP/USD on July 23, 2024

Yesterday, the pound corrected higher by 20 pips. This morning, the price drifted lower, with the Marlin oscillator turning downward on the day chart.

by Sz. Daniela

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