November 7, 20230Comments

Forex Analysis – Forecast for GBP/USD on November 7, 2023

Yesterday, the British pound fiercely resisted the dollar's corrective growth. The upper shadow of the pound almost reached the embedded price channel

by Sz. Daniela

Forex Analysis

November 6, 20230Comments

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

It appears that the British pound had been preparing for a bullish breakout, as it has been consolidating for a while. GBP/USD surged by 180 pips due to moderat

by Sz. Daniela

Forex Analysis

November 3, 20230Comments

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

Yesterday, the British pound gained 49 pips, pausing at the resistance of the balance indicator line on the daily chart. This morning, the price has

by Sz. Daniela

Forex Analysis

November 2, 20230Comments

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

At the end of Wednesday, the pound closed at the opening level due to the neutral outcome of the Federal Reserve meeting. The pound tried to test the target

by Sz. Daniela

Forex Analysis

November 1, 20230Comments

Forex Analysis – Forecast for GBP/USD on November 1, 2023

Yesterday, the British pound tried to move towards the target range of 1.2271/87 but stopped by the balance line on the daily chart, just as it was on October

by Sz. Daniela

Forex Analysis

October 31, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 31, 2023

Yesterday, the British pound rose by 48 pips and slightly exceeded the resistance of the embedded descending channel's price line. Today it opened above this

by Sz. Daniela

Forex Analysis

October 30, 20230Comments

Forex Analysis – Forecast for GBP/USD on October 30, 2023

The British pound has been consolidating for the fourth day, trading between the price channel line and the target level of 1.2070. Once the price settles

by Sz. Daniela

Forex Analysis

October 27, 20230Comments

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

On Thursday, the British pound reached the target support level at 1.2070, with the lower shadow, and closed the day slightly higher, despite strong U.S.

by Sz. Daniela