July 5, 20240Comments

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

Following the broad market movement on Thursday, the British pound rose above the resistance level of 1.2745 and the daily balance line.

by Sz. Daniela

Forex Analysis

July 4, 20240Comments

Forex Analysis – Forecast for GBP/USD on July 4, 2024

Yesterday, the pound closed the day up by 56 pips. The price eagerly breached the target level of 1.2745. Currently, GBP/USD is precisely at the 1.2745 level

by Sz. Daniela

Forex Analysis

July 3, 20240Comments

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

Influenced by the broader market (with the dollar index down 0.20%), the British pound rose by 34 pips on Tuesday.

by Sz. Daniela

Forex Analysis

July 2, 20240Comments

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

Yesterday, the British pound reached the intermediate target of 1.2701 on its way to 1.1745, but as expected, it lacked the strength to rise further.

by Sz. Daniela

Forex Analysis

July 1, 20240Comments

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

By the end of Friday, the British pound settled above the Kijun-sen line, which implies that the price is ready to rise further.

by Sz. Daniela

Forex Analysis

June 28, 20240Comments

Forex Analysis – Forecast for GBP/USD on June 28, 2024

Yesterday's mixed data on the US economy kept the British pound from moving against the short-term downward trend. The timeframe is shifting towards a medium-t

by Sz. Daniela

Forex Analysis

June 27, 20240Comments

Forex Analysis – Forecast for GBP/USD on June 27, 2024

The British pound did not form a consolidation but it took advantage of the market's broad weakness, strongly passing through both indicator lines serving

by Sz. Daniela

Forex Analysis

June 26, 20240Comments

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

Yesterday, the British pound closed at the opening level. The price managed to consolidate above the balance indicator line, increasing the likelihood of

by Sz. Daniela

Forex Analysis

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

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