Market Analysis – April 17 The GBPUSD market has been stuck between the supply zone of 1.240 and the demand zone of 1.190. A double top pattern spotted at the resistance level may foster a crash. GBPUSD Key Levels Demand Levels: 1.190, 1.110, 1.079Supply Levels:1.240, 1.310, 1.370 GBPUSD Long-Term Trend: Ranging GBPUSD remained bearish from […]
The modest climb seen in the UK pound this Wednesday morning reflects a sense of cautious optimism among investors as they await three significant economic drivers that could shape the currency’s trajectory. US CPI Report: The Main Event The US Consumer Price Index (CPI) report has taken center stage and dominated global market headlines. Analysts […]
Market Analysis – April 10 GBPUSD has experienced difficulty rising beyond the resistance level of 1.240. The Buyers are making another daring attempt to break the resistance level. GBPUSD Key Levels Supply Levels: 1.240, 1.310, Demand Levels: 1.190, 1.100, 1.070 GBPUSD Long-Term Trend: Bullish The resistance trendline on the GBPUSD market failed to prevent an […]
Market Analysis – April 4 GBPUSD turned bullish after invalidating the bearish trendline on the daily chart. The price rallied to the resistance level of 1.240 in December. Due to the challenge faced by the buyers to push above the resistance level, the market formed a range between 1.240 and 1.190. The Bulls have finally […]
Market Analysis – March 27 GBPUSD seems stuck between the significant levels of 1.2450 and 1.1820. Since the market ascended into the region, it has not been able to break out on both sides of the market. GBPUSD Key Levels Demand Levels: 1.1820, 1.1570, 1.1150Supply Levels: 1.2450, 1.2660, 1.2700 GBPUSD Long-Term Trend: Ranging In November, […]
GBPUSD Analysis – March 20 GBPUSD executes a retest and is gunning for higher heights. The market has had its upward movement blocked at 1.24480. The price then goes into a ranging phase with 1.22640 as the demand level. By early February, the sellers have grown stronger, and they take advantage to plunge the currency […]
GBP/USD has continued to make its way up the charts as the US Dollar takes a tumble and market sentiment improves. We received some great news just as we were starting to feel pretty good about the situation: major US banks like CitiBank and JPMorgan have agreed to provide a whopping $30 billion aid package […]
GBPUSD Analysis – March 13 GBPUSD is ready to scale new heights after breaching its descending channel. The traders are trying to reinstall the market at higher price levels after a catastrophic beginning to February, which saw the market plunge more than 3% with consecutive bearish candles. The price dropped more than 5% into March […]
GBPUSD Analysis – March 6 GBPUSD bearish strength is causing prices to sink. The month of February has shown a descending triangle formation, but the price has been rejected around the 1.19960 and 1.19120 levels. However, the general bullish run may end if the market breaks these levels. Compared to the overall bullish trend, the […]
