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 reaches a high of level 1.2446 as it recoups above level 1.2100. The Pound has moved back above both the moving average lines and level 1.2119 today. If the pullback stops, the current ascent […]
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 […]
Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BearishGBP/USD is in a downtrend as it holds above 1.0356. The currency pair corrected upward and broke above the 21-day line SMA but failed to breach the 50-day line SMA. The pair could have resumed an uptrend […]
Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BearishGBP/USD is in an upward correction as it struggles below level 1.1203 . The upward correction is approaching the 21-day line SMA. The 21-day line SMA has been acting as resistance to the price bars. A break […]
Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BearishGBP/USD is in a downtrend as it declines to level 1.0966. On September 12, buyers failed to keep the price above the 21-day line SMA. This resulted in a further downward move. Meanwhile, on September 7 downtrend, […]
Technical indicators: Major Resistance Levels – 1.2800, 1.2900, 1.3000Major Support Levels – 1.1900, 1.1800, 1.1700 GBP/USD Long-Term Analysis: BearishGBP/USD is in a downtrend as the pound resumes selling pressure. The Pound is retesting the previous low of July 14. For the past four days, the bears have been attempting to breach the current support. In […]
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 […]
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, […]
