Market Analysis – March 24th GBPUSD bearish race may intensify below the 1.27600 key level. The bears have not been relentless in their pursuit, drilling the price lower throughout the week. This bearish momentum has overshadowed the buyers, leaving them struggling to gain any significant ground. Last week, the buyers attempted to strike a bargain […]
Market Analysis- March 5th GBPUSD buyers reclaim strength once again. Over the past few months, traders have witnessed a series of ups and downs, with buyers and sellers battling for control. However, in recent times, the buyers have shown resilience and reclaimed their strength, pushing the price above the significant level of 1.25940. GBPUSD Price […]
Market Analysis- February 27th GBPUSD bulls remain resilient despite pressure. Despite facing some challenges along the way, the buyers have shown remarkable strength and determination. Even after breaching the significant market level of 1.26370, there seems to be no sign of a slowdown. GBPUSD Price Zones Resistance Zones: 1.27170, 1.26370 Support Zones: 1.23630, 1.20710 GBPUSD […]
Market Analysis- February 21st GBPUSD market consolidates as traders await momentum unraveling. The market is currently in a consolidation phase, lacking the necessary strength to make significant moves. Despite some fluctuations, both the bulls and bears have struggled to gain control. GBPUSD Price Zones Resistance Zones: 1.27760, 1.26550 Support Zones: 1.25130, 1.23130 GBPUSD Long-Term Trend: […]
Market Analysis – February 13th GBPUSD buyers could face rejection as the price aims for recovery. The GBPUSD buyers have been making efforts to stage an uprising and fill up the trading zones. However, they could potentially face rejection as the bears show a lethal force that may yield lower this week. Last week, the […]
Market Analysis – February 5th GBPUSD sellers finally break free of the consolidation phase. In the new week, GBPUSD has experienced a breakout from its consolidation phase, with price volatility on the rise. The bulls, who had previously shown strong dominance, have been shut out by the bears. Instead of seeing a continuation of bullish […]
Market Analysis – January 29th GBPUSD is stuck in consolidation, waiting for a breakout. The price of GBPUSD is currently in a silent phase, showing no signs of expanding. The bulls have been unable to make significant progress for months, while the sellers have struggled to achieve a solid breakthrough lower. The daily chart reflects […]
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 15th GBPUSD price stays in a choppy stage as traders find it hard to strike a deal. Cable, as GBPUSD is commonly referred to, has failed to gain a solid flow since the beginning of the year. The market has been in a decisive state, with both buyers and sellers battling […]
