Market Analysis – May 29 The GBPUSD currency pair is approaching a pivotal point. It has reached the resistance trendline of a large symmetrical triangle pattern on the daily chart. Multiple technical indicators suggest a potential bullish breakout is imminent. This signals a continuation of the upward trend. GBPUSD Long-Term Trend: Bullish Over the past […]
Market Analysis – May 21 GBPUSD is currently on a bullish course which will likely terminate soon as the market enters overbought regions. The price fluctuates around the resistance level of 1.2710. A failure to enforce a breakout would lead to heavy shorting at the zone. GBPUSD Market Analysis Demand Levels: 1.2300, 1.2200, 1.1830 Supply […]
Market Analysis – May 14 GBPUSD market structure has featured significant lower highs and higher lows since March 2023 on the daily chart. The price action has led to a symmetrical pattern on the daily chart. The trendline of the symmetrical triangle has been extended to help discern future swing highs and lows. GBPUSD Key […]
Market Analysis – April 29th The GBPUSD price is currently demonstrating an upward trajectory towards a fair value gap situated below the 1.2700 mark. This movement occurs amidst a prevailing downward trend evident within the market structure, notably initiated by a dip below the April swing low of 1.250. Key Levels for GBPUSD: Demand Levels: […]
Market Analysis – April 23rd GBPUSD market has recently undergone a notable shift towards bearish sentiment ,following a sustained period of upward price movement. This shift in market dynamics unfolded following a pivotal moment in September, characterized by the demand level of 1.2000, which emerged as a crucial turning point. Here, market participants witnessed the […]
Market Analysis – April 15th GBPUSD buyers fight back despite strong bearish sentiment. A few days ago, the bulls succumbed to bearish sentiment, causing the GBPUSD pair to break through the 1.25220 price zone. This level had previously served as a significant barrier for the buyers, but the sellers managed to pave their way through. […]
Market Analysis – 8th April GBPUSD loses grip as sellers slip lower. It’s not good news for the pound, as it continues to lose ground against the dollar. The buyers, who had shown some strength in recent weeks, have now decided to slow down their progress. The power struggle around the key level of 1.26830 […]
Market Analysis – April 2nd GBPUSD sellers are likely to regain strong footing. The pair is currently facing a bearish outlook as sellers regain their strength and take control of the market. The bears have capitalized on the weakness of the pound. This has caused buyers to retreat and fail to push beyond the significant […]
Market Analysis – March 25th GBPUSD rises as buyers regain stance. The GBPUSD pair started its downward journey when sellers shorted from the 1.25930 market level. Their actions were met with success as they managed to exert their dominance over the market. The sellers’ stronghold was further solidified when they breached the crucial level of […]
