February 28, 20230Comments

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

Yesterday, the pound made a big gain ahead of the currency market (122 points). The price overcame the signal level of 1.2030 and now it is aiming for the...

by Sz. Daniela

Forex Analysis

February 27, 20230Comments

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

At the end of Friday, when we found out that US consumer spending shot up 1.8% in January and new home sales rose 7.2% m/m, the pound fell 71 points.

by Sz. Daniela

Forex Analysis

February 24, 20230Comments

Forex Analysis – Forecast for GBP/USD on February 24, 2023

Yesterday, the pound closed the day down by 32 points. The price is aiming for the target support at 1.1914, but it is hindered by the Marlin oscillator,

by Sz. Daniela

Forex Analysis

February 23, 20230Comments

Forex Analysis – Forecast for GBP/USD on February 23, 2023

The pound's outstanding action on the 21st was neutralized by yesterday's 64-point drop, followed by the dollar strengthening by 0.32%. The price failed to do

by Sz. Daniela

Forex Analysis

February 22, 20230Comments

Forex Analysis – Forecast for GBP/USD on February 22, 2023

GBP/USD rose by 0.59% (70 pips) on Tuesday despite the 0.31% increase in the dollar index. The reason was the latest business activity data in the UK

by Sz. Daniela

Forex Analysis

February 21, 20230Comments

Forex Analysis – Forecast for GBP/USD on February 21, 2023

GBP/USD closed on Monday at Friday's closing levels. Then, this morning, there is a slightly bearish sentiment, which turned the Marlin oscillator in the daily

by Sz. Daniela

Forex Analysis

February 20, 20230Comments

Forex Analysis – Forecast for GBP/USD on February 20, 2023

Despite the attempts to hit the target support level of 1.1900, GBP/USD closed with a white candle at 52 pips on Friday. Then, this Monday morning,

by Sz. Daniela

Forex Analysis

February 17, 20230Comments

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

Pound is persistently approaching the target support at 1.1900 (November 30 low). Just this morning, it broke through the nearest low of February 7.

by Sz. Daniela

Forex Analysis

February 16, 20230Comments

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

Pound fell by 140 pips as sellers became active yesterday due to the weaker-than-expected inflation data. It indicated that core CPI fell from 12.9% y/y

by Sz. Daniela

Forex Analysis

February 15, 20230Comments

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

Yesterday, the British pound reacted strongly to the release of the US inflation report. The January CPI estimate was down just 0.1% from 6.5% to 6.4% y/y

by Sz. Daniela

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