GBP/USD Continues a Bearish Run as It May Extend to the Low of 1.1708

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Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD has continued its downward move as it may extend to the low of 1.1708. On July 11, the currency pair declined to the low of 1.17597 and pulled back. Meanwhile, on May 9 downtrend; a retraced candle body tested […]

GBP/USD Reaches an Oversold Region as It May Decline to Level 1.1715

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Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend as it may decline to level 1.1715. The bears have broken below the lower lows of 1.1934 signaling a further downward move. This was a result of rejection at level 1.2400 high. On the upside, […]

GBP/USD Risks Further Decline as Bears Revisit Level 1.1933 Twice

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Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend as bears revisit level 1.1933 twice. The bears are re-retesting the current support to break below it. On the downside, the downtrend will resume if the bears break the current support. The pound will further […]

GBP/USD Makes an Upward Correction, Retraces above Level 1.2560

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Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downward correction as it retraces above level 1.2560. The Pound is above the 21-day line SMA but below the 50-day line SMA as it declines to the blue line moving average. The pair will continue its […]

GBP/USD Is in an Upward Correction but May Face Rejection at 1.2540

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Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend but may face rejection at 1.2540. Also, the uptrend is likely to face rejection at the 21-day line SMA. In other words, the pair will face resistance at level 1.2614. On April 28 price action, […]

GBP/USD Reaches Oversold Region but Consolidates Above 1.2275

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Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend as it consolidates above 1.2275. The Pound has already fallen to the oversold region of the market. The selling pressure is likely to ease as the pair reaches the low of 1.2318. Meanwhile, on April […]

GBP/USD Holds Above 1.2411 but Risks Further Decline to 1.2223

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Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: Bearish GBP/USD is in a downtrend as it risks further decline to 1.2223. Since April 28, the market has been fluctuating above the current support. The Pound has fallen to the oversold region of the market. The downtrend has reached bearish […]

GBP/USD Is in a Downtrend as Bears Struggle to Break Level 1.3000

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Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend as bears struggle to break Level 1.3000. The selling pressure will resume if price breaks below the previous low and the bearish momentum is sustained. Meanwhile, on March 14 downtrend; a retraced candle body tested […]

GBP/USD Faces Rejection at Level 1.3298, May Decline to 1.2965 Low

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Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downward correction but may decline to 1.2965 low. In the first downtrend, the pair declined above level 1.3000 and pulled back. The bears have resumed the downward move to retest the 1.3000 support. Meanwhile, on January […]

GBP/USD Rebounds Above Level 1.3010, May Face Resistance at 1.3078

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Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BearishGBP/USD is in a downtrend but may face resistance at 1.3078. The Pound reached the low of level 1.3000 as bulls bought the dips. The currency is making an upward move as the market reaches an oversold region. Meanwhile, on […]