October 6, 20230Comments

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

On Thursday, the British pound gained 57 pips and tested the nearest resistance level at 1.2182, which is the embedded line of the price channel on the higher

by Sz. Daniela

Forex Analysis

October 5, 20230Comments

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

A modest convergence has helped the British pound approach the channel line (1.2182) it recently surpassed. Breaking above this level would mark the beginning

by Sz. Daniela

Forex Analysis

October 4, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 4, 2023

Yesterday, the British pound spent the entire day hovering around the support level at 1.2070. This formed a mini-convergence between the price and the Marlin

by Sz. Daniela

Forex Analysis

October 3, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 3, 2023

The British pound fell by 110 pips yesterday, coming very close to the target level of 1.2070. Since the price is fluctuating, we can say that the price has rea

by Sz. Daniela

Forex Analysis

October 2, 20230Comments

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

On Friday, the British pound struggled to break away from the support of the embedded line of the descending price channel. It was quite challenging to reverse

by Sz. Daniela

Forex Analysis

September 29, 20230Comments

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

The British pound started to rise at the 9th Fibonacci timeline on the daily chart. The price broke through the resistance of the embedded price channel line,

by Sz. Daniela

Forex Analysis

September 28, 20230Comments

Forex Analysis – Forecast for GBP/USD on September 28, 2023

Over the course of Wednesday, the British pound fell by 24 pips, settling below the embedded line of the price channel. The Marlin oscillator is showing

by Sz. Daniela

Forex Analysis

September 27, 20230Comments

Forex Analysis – Forecast for GBP/USD on September 27, 2023

The British pound has easily surpassed the support of the embedded price channel line and can now reach the price support at 1.2070-73, which is the May

by Sz. Daniela

Forex Analysis

September 26, 20230Comments

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

On Tuesday, the British pound continued to fall and reached the support of the embedded line of the global price channel. At the same time, the Marlin oscillat

by Sz. Daniela

Forex Analysis

September 25, 20230Comments

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

From August 31st to the present day, the GBP has declined by 470 points, but the signal line of the Marlin oscillator has formed a wedge pattern with a slight

by Sz. Daniela

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