Market Analysis – January 22nd GBPUSD market remains in a deadlock as bulls struggle. The GBPUSD market continues to remain in a state of deadlock, with bullish momentum kept at bay for weeks. This prolonged period of consolidation is a clear indication of the struggle faced by buyers. Since December, the buyers have been grappling […]
Market Analysis – January 1st GBPUSD buyers show aggression aiming for a breakthrough. GBPUSD continues to witness buyer aggression as it strives for a breakthrough. The bulls have been displaying a slow but steady impulse. Also, the sellers have been holding back, creating a tense battle for control. The buyers have been struggling to penetrate […]
GBPJPY Analysis: Market Struggles At 184.010 As The Price Posts Bearish Divergence GBPJPY struggles at 184.010 as the price posts a bearish divergence. After breaking free from an inverse head-and-shoulders pattern, the market went on a bullish run. Looking at the Moving Average Cross, it’s apparent that the price has been mostly bullish, with the […]
The British pound is feeling the heat as the US dollar surges in the wake of mounting global economic uncertainties and rising oil prices. On Wednesday, the pound slumped to its lowest point in three months, hitting $1.2482 and losing 0.58% against the resurgent greenback, marking a nearly 1.43% decline for September. The dollar’s resurgence […]
Market Analysis – July 31 GBPUSD makes an effort amidst sell pressure. The buy traders are suddenly reducing the bearish pressure the market is experiencing. The past week saw a significant sell-off in the GBPUSD market, with the sellers pushing prices below the 1.28270 market level. Despite this, the market eventually closed with a bullish […]
The British pound found itself at a critical juncture, with its recent movements reflecting a delicate balance between economic expectations and central bank decisions. Despite a slight uptick on Friday, the currency remained close to a two-week low, sparking interest and concern among traders and investors alike. At present, the pound was up 0.63% against […]
GBPUSD Analysis – Price Could Fall Back to the 1.30120 Market Zone GBPUSD kicks off with a momentum drop this week following its prolonged bullish purge. The price has been on a bullish streak since the start of June, with buyers pushing the market higher and higher. The buyers’ momentum has been strong, breaking through […]
GBPUSD Analysis – Price Held Back at 1.26030 GBPUSD sellers lose grip as buyers defend the 1.26030 key level. The pair has been showing strong bullish momentum since March when the bulls broke through the 1.18000 key level. This bullish liquidity propelled the pair forward, pushing past various resistance levels as buyers defended the 1.26030 […]
The British pound (GBP) is enduring a continued decline following the recent meeting of the Bank of England (BoE). In Friday’s trading, the GBP/USD pair slipped below the critical psychological level of 1.2500, hitting 1.2448. Although the sell-off is primarily influenced by the strength of the US dollar, it’s worth noting that the pound managed […]
