The GBPUSD price rose steadily during March and April until the resistance level of 1.260 was tested. The bullish trendline has aided the bullish run until this moment. A bearish shift in market structure was established in May. The price seems ready for a dive. GBPUSD Key Levels Demand Levels: 1.240, 1.180, 1.130Supply Levels: 1.260, […]
In a week filled with financial excitement, the British pound took center stage, impressively climbing against a range of major currencies. The pound has shown its strength by surging over two big figures against the US dollar while also making significant strides of more than one big figure against the Euro and about one-and-a-half big […]
Market Analysis – May 29 The GBPUSD price has declined by around 3% since the supply level of 1.260 was challenged. On the daily chart, the rising wedge has characterized the price action of the market’s ascension. As the Stochastic shows an oversold market, a positive reversal within the wedge is likely. GBPUSD Key Levels […]
Market Analysis- May 22 GBPUSD price has struggled to rise to the resistance level of 1.2640. The supporting trendline which aided the ascent has been broken. GBPUSD price appears ready for a free fall! GBPUSD Key Levels Supply Levels: 1.2450, 1.2640, 1.2800Demand Levels: 1.2260, 1.2020, 1.1800 GBPUSD Long-Term Trend: Bearish GBPUSD Bulls made attempts to […]
Market Analysis- May 15 GBPUSD has experienced a false breakout above the resistance level of 1.2640. Multiple rejection candles hung on the resistance level before the aggressive dive in price to signal the shorting of the whales. The market has turned bearish with the break of the bullish trendline. GBPUSD Trade Levels Support Levels: 1.2450, […]
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 […]
Market Analysis – May 8 GBPUSD bullish breakout and retest above the bearish channel played out successfully. The price rise has reached the supply zone of 1.26810. GBPUSD Key Levels Demand Levels: 1.18190, 1.11410, 1.0360Supply Levels: 1.26810, 1.29830, 1.32990 GBPUSD Long-Term Trend: Bullish GBPUSD upward trend seemed to have reversed after the failed swing witnessed […]
Brace yourselves, folks, because the Bank of England (BoE) is gearing up for some action! In response to the unyielding and downright stubborn inflationary pressures plaguing the UK, the central bank is set to unleash a 25 basis point increase in the bank rate during their highly anticipated monetary policy meeting next Thursday. They’re donning […]
GBPUSD Analysis – Price Leaves The Premium Zone GBPUSD is set to crash as the price leaves the premium zone. According to the Stochastic Oscillator, the market has been extremely bullish. The price is currently heading downward as it retraces into the discount zone. GBPUSD Significant Zones Demand Zones: 1.7090, 1.06860Supply Zones: 1.24470, 1.26670 Following […]
