January 4, 20240Comments

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

Despite several counter-dollar currencies falling on Wednesday, the British pound rose by 48 pips. The quote returned above the level of 1.2645,

by Sz. Daniela

Forex Analysis

January 3, 20240Comments

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

Amid investors' flight from risk on Tuesday, the British pound lost 111 pips and breached the support of the balance indicator line on the daily chart.

by Sz. Daniela

Forex Analysis

January 2, 20240Comments

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

On the last working day of December, the GBP/USD pair closed below the level of 1.2745. Therefore, in order to confirm its intention to continue

by Sz. Daniela

Forex Analysis

December 29, 20230Comments

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

Yesterday, the British pound fell short of the target level of 1.2837 by just 11 pips and dropped below the support at 1.2745. This morning, the price

by Sz. Daniela

Forex Analysis

December 28, 20230Comments

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

GBP/USD gained 74 pips on Wednesday, easily surpassing the resistance at 1.2745. It currently trades near the target level of 1.2837.

by Sz. Daniela

Forex Analysis

December 27, 20230Comments

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

The British pound has not significantly strengthened even if the dollar index weakened by 0.23% on Tuesday. The price is struggling to break above the target

by Sz. Daniela

Forex Analysis

December 26, 20230Comments

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

Since a divergence has formed between the price and the oscillator on the daily chart, the British pound has been in a suppressed state. On Friday, the price

by Sz. Daniela

Forex Analysis

December 22, 20230Comments

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

Yesterday, the British pound gained 51 pips, as the Dollar Index weakened by 0.63%. It failed in its attempt to breach support at 1.2645, not even supported

by Sz. Daniela

Forex Analysis

December 21, 20230Comments

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

After the pound fell by 92 pips, the divergence with the oscillator has been confirmed. The signal line of the Marlin oscillator has strengthened in the downtre

by Sz. Daniela

Forex Analysis

December 20, 20230Comments

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

Despite the pound's sharp growth on Tuesday, the technical situation remains ambiguous – the Marlin oscillator can either confirm the formed divergence or

by Sz. Daniela

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