October 25, 20240Comments

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

On the daily chart, we are adjusting the price channel due to the price breaking the lower boundary on the 23rd. In a corrective rise, the price aims for the

by Sz. Daniela

Forex Analysis

October 24, 20240Comments

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

Yesterday's weak attempt by the price to initiate a minor correction was suppressed. The quote dropped by 62 pips, reaching the lower boundary of the ascending

by Sz. Daniela

Forex Analysis

October 23, 20240Comments

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

On Tuesday, the British pound did not reach the lower boundary of the green price channel, as the price was sharply pushed upwards.

by Sz. Daniela

Forex Analysis

October 22, 20240Comments

Forex Analysis – Forecast for GBP/USD on October 22, 2024

Under pressure from external markets, the British pound fell by 68 pips yesterday, slipping below the support level of 1.2994. The Marlin oscillator

by Sz. Daniela

Forex Analysis

October 21, 20240Comments

Forex Analysis – Forecast for GBP/USD on October 21, 2024

The British pound easily moved away from the target support at 1.2994. The resistance level at 1.3080 is now under attack, and breaking through this level

by Sz. Daniela

Forex Analysis

October 18, 20240Comments

Forex Analysis – Forecast for GBP/USD on October 18, 2024

With the absence of strong news on Thursday (the ECB rate cut turned out to be a weak news event), the British pound climbed back above the target level of 1.29

by Sz. Daniela

Forex Analysis

October 17, 20240Comments

Forex Analysis – Forecast for GBP/USD on October 17, 2024

By the end of yesterday, the British pound lost 84 pips. The target support level of 1.2994 was reached and already surpassed.

by Sz. Daniela

Forex Analysis

October 16, 20240Comments

Forex Analysis – Forecast for GBP/USD on October 16, 2024

Yesterday's attempt by the pound to break above the resistance at 1.3080 was unsuccessful, but this movement more clearly shaped the upward correction of the

by Sz. Daniela

Forex Analysis

October 15, 20240Comments

Forex Analysis – GBP/USD Forecast for October 15, 2024

The pound's potential for reversal is weakening. The Marlin oscillator, being a leading indicator, shows no signs of a serious reversal.

by Sz. Daniela

Forex Analysis

October 14, 20240Comments

Forex Analysis – GBP/USD Forecast for October 14, 2024

On the daily chart, the pound is consolidating below the 1.3080 level. The reversal is delayed, and we are waiting for the price to consolidate above 1.3080.

by Sz. Daniela

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