GBP/USD started the year’s trading with moderate profits, which have extended until today. Also, technical indicators are still showing that this observed profit may progress further. Important Price Marks: Resistance: 1.2085, 1.2120, 1.2170 Support: 1.2040, 1.2000, 1.1980 GBP/USD Is Gathering Moderate Profits GBP/USD has been recording moderate gains midway between the 50 and 38.20 Fibonacci levels […]
After GBP/USD price fell to a multi-month lowest, near the close of September, price action in this market has been gathering moderate gains in the medium term. However, recently, although with reduced volatility, price activities have been progressing upwards and towards the $1.2500 price mark. Important price Levels: Resistance Levels: $1.2300, $11.2350, $1.2400 Support Levels: […]
GBP/USD Long-Term Analysis: BullishThe GBP/USD pair is currently in an uptrend as it targets level 1.2748. The Pound has been experiencing a string of higher highs and higher lows since November 3. At level 1.2400, the present ascent has been impeded. If the present barrier is broken, the British pound will increase much more, reaching […]
Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BullishThe GBP/USD pair entered a positive trend zone as it faces rejection at level 1.2000. The Pound has been stuck at level 1.200 since November 15. The pair has been bouncing below the resistance area for the […]
GBP/USD Long-Term Analysis: BullishThe GBP/USD pair has risen above level 1.1161 as it targets 1.1750 high. Selling pressure may become more intense when the price falls below the moving average lines. The Pound will drop to levels 1.0952 and 1.0356, which were prior lows. The bullish candlesticks of today, however, indicate that the pair is […]
USDJPY buyers exit the market at the –100% retracement levelUSDJPY Analysis – November 3 USDJPY buyers exit the market at the –100% retracement level. Before this correction phase, the USDJPY buyers had been consistently driving prices to the upside in fractals. Now the USDJPY buyers are waiting for the price to retrace into the bullish […]
The Federal Reserve’s decision is expected to result in a 75 basis point rate hike, according to the majority of analysts, hence, the GBP/USD remains muted amid a tumultuous trading session. However, the majority of analysts anticipate some clarification from the Fed regarding the future course of interest rates. As a result, the GBP/USD exchange […]
GBP/USD Long-Term Analysis: BullishGBP/USD pair is in the bullish trend zone as it targets level 1.1968. The currency pair corrected upward, breaking above the SMAs on the 21-day line and the 50-day line. The British pound will continue to rise as long as the price bars are above the moving average lines. The Pound will […]
GBP/USD stays weak for three consecutive days today and falls lower to the floor of its trading limit. Also, this is happening despite a moderate fall in the USD. Furthermore, United Kingdom’s political issue is serving as an impedance to the pound, thus restricting the spot price under 1.1200. This happened throughout the first part […]
