GBPUSD Analysis – Sellers Approach 1.26300 Key Level GBPUSD gives in to bearish pressure. The pair has been feeling the pressure of the bearish market recently, as sellers are now pushing the price back to the key level of 1.26300. This level had been breached just last week, and buyers were optimistic that they could […]
GBPUSD Analysis – Buyers May Pause on Liquidity Flow GBPUSD could slip out of the bullish volatility race following its breakout from the 1.26300 key zone. The pair has been on a bullish run in the last few days, with buyers driving up the price beyond the 1.26300 key zone. With the bullish pressure still […]
Market Analysis- June 12 GBPUSD has recently experienced a shift in market structure, flipping to a bullish direction as it targets the resistance level of 1.2700. The previous resistance level of 1.2600 has been surpassed by the buying pressure from the bulls. GBPUSD Key Levels Demand Levels: 1.2300, 1.2200, 1.2000Supply Levels: 1.2700, 1.2800, 1.2900 GBPUSD […]
The GBPUSD price rose steadily during March and April until the resistance level of 1.260 was tested. The bullish trendline has aided the bullish run until this moment. A bearish shift in market structure was established in May. The price seems ready for a dive. GBPUSD Key Levels Demand Levels: 1.240, 1.180, 1.130Supply Levels: 1.260, […]
Market Analysis – May 29 The GBPUSD price has declined by around 3% since the supply level of 1.260 was challenged. On the daily chart, the rising wedge has characterized the price action of the market’s ascension. As the Stochastic shows an oversold market, a positive reversal within the wedge is likely. GBPUSD Key Levels […]
Market Analysis – May 8 GBPUSD bullish breakout and retest above the bearish channel played out successfully. The price rise has reached the supply zone of 1.26810. GBPUSD Key Levels Demand Levels: 1.18190, 1.11410, 1.0360Supply Levels: 1.26810, 1.29830, 1.32990 GBPUSD Long-Term Trend: Bullish GBPUSD upward trend seemed to have reversed after the failed swing witnessed […]
The British pound has been on a roll lately, thanks to a slew of positive economic data and a generally optimistic outlook for the UK economy. However, as we’ve seen in the past, nothing goes up forever, and the recent rally against the US dollar has hit a snag. The latest data on UK inflation […]
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 […]
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 […]
