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 […]
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, […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 further decline to level 1.2914. On the weekly chart, the currency pair has been fluctuating between levels 1.3160 and 1.3800 since October 25, 2021. The downtrend may resume as price breaks below […]
Key Resistance Levels: 1.4200, 1.4400, 1.4600Key Support Levels: 1.3400, 1.3200, 1.3000 GBP/USD Price Long-term Trend: BullishGBP/USD is in a sideways trend as it targets level 1.3800. Buyers are struggling to break above the moving averages. Presently, the Pound is above the 50-day line moving average but below the 21-day line moving average. The implication is […]
