Forecasts of GBP/USD

23.09.2020EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.1720, EURUSD has finished the correction to test 1.1736 from below; right now, it is still falling towards 1.1620. After that, the instrument may start another correction to return to 1.1736 and then resume trading within...

22.09.2020EURUSD, “Euro vs US Dollar”After breaking 1.1830 to the downside and then reaching 1.1731, EURUSD is consolidating above the latter level. Possibly, the pair may correct towards 1.1794 and then resume trading within the downtrend with the short-term target at 1.1720.GBPUSD, “Great Britain ...

21.09.2020EURUSD, “Euro vs US Dollar”After finishing the descending structure at 1.1740, rebounding from this level, and then breaking 1.1805 to the upside, EURUSD has completed the ascending structure towards 1.1866 and may continue growing with the target at 1.1875. Today, the pair may fall to tes...

18.09.2020EURUSD, “Euro vs US Dollar”After updating its previous low and testing the long-term support level, EURUSD has formed the ascending structure towards the mid-term resistance line at 1.1879. If the price breaks this level, the market may grow to reach the next resistance lien at 1.1900 or e...

17.09.2020EURUSD, “Euro vs US Dollar”After re-testing the mid-term resistance level at 1.1869, EURUSD failed to reach the resistance line of a Triangle pattern at 1.1896. However, the pair has managed to break the support level at 1.1832 and reach the projected support area at 1,1789. After forming ...

16.09.2020EURUSD, “Euro vs US Dollar”After updating its local highs and then correcting to break the support area at 1.1852, EURUSD has formed another support line at 1.1832; right now, it is expanding a Triangle consolidation pattern. Possibly, the pair may rebound from the latter support and then ...

15.09.2020EURUSD, “Euro vs US Dollar”EURUSD is no longer consolidating within a Triangle pattern; after reaching 1.1890, it has broken this level to the upside. At the moment, the pair is trying to break the mid-term resistance line and start a new ascending structure. However, before starting this ...

14.09.2020EURUSD, “Euro vs US Dollar”EURUSD is consolidating within a Triangle pattern. After testing the pattern’s downside border, the pair may grow to test the key resistance line of the descending channel at 1.1890. This scenario is confirmed by the MACD indicator, which is directed to the upsid...

Brexit strikes GBP Market Watch review. 11.09.2020 In today's release, we’ll cover the following topics: Difficult negotiations between Britain and the EU. The ECB plays a double game. US inflation report. Analysis of a GBP/USD sell deal. The current week ends with unexpectedly very strong weakening...

11.09.2020EURUSD, “Euro vs US Dollar”The currency pair is developing a downtrend, correcting the preceding medium-term uptrend. Yesterday the market demonstrated an inner pullback after a convergence on the MACD, setting the borders of a new descending channel; however, today the quotations are retu...

10.09.2020EURUSD, “Euro vs US Dollar”The currency pair performed a decline to 1.1753 and is now correcting. Today, it might reach 1.1820, then decline to 1.1790. At these levels, a consolidation range may form. Upon escaping it upwards, the pair may go on correcting to 1.1860. Upon escaping the rang...

09.09.2020EURUSD, “Euro vs US Dollar”The currency pair keeps developing a downtrend. Today, it may test 1.1787 from below, then decline to 1.1745. Next, the pair may grow to 1.1787 again but then decline to 1.1710, at least. The goal is first.GBPUSD, “Great Britain Pound vs US Dollar”The currency pa...

08.09.2020EURUSD, “Euro vs US Dollar”The pair keep developing a narrow consolidation range around 1.1820. We practically expect the development of another wave of decline to 1.1788. Upon reaching this level, the quotations may rise to 1.1820, testing it from below. Then we expect a decline to 1.1750...

07.09.2020EURUSD, “Euro vs US Dollar”The currency pair is forming a consolidation range around 1.1825. If the price escapes the range upwards, it may correct to 1.1909. If it breaks the range downwards, the quotations may fall to 1.1710. The goal is first.GBPUSD, “Great Britain Pound vs US Dollar”Th...

04.09.2020EURUSD, “Euro vs US Dollar”The currency pair performed a wave of decline to 1.1800. At the moment, the market corrected to 1.1860 and is now trading in a consolidation range above this level. We expect a decline to 1.1825. Then, in case 1.1865 is broken upwards, a potential of further corr...

03.09.2020EURUSD, “Euro vs US Dollar”The currency pair keeps developing a wave of decline to 1.1800. After this level is reached, we expect growth to 1.1850. On these levels, a consolidation range may form. This range coincides with the breakaway level of the daily ascending channel. The breakaway o...

02.09.2020EURUSD, “Euro vs US Dollar”The currency pair demonstrated growth to 1.2000 and started developing an impulse of decline. At the moment, the market has worked off the matrix to 1.1905. Around this level, a consolidation range is forming. If the price escapes it upwards, it may further corre...

01.09.2020EURUSD, “Euro vs US Dollar”The currency pair has completed the structure of growth to 1.1999. At the moment, the market is trading in a narrow consolidation range at the highs. The price may spurt to 1.2020. At this point, we expect the current wave of growth to end. The next move will be ...

31.08.2020EURUSD, “Euro vs US Dollar”The currency pair has broken away the level of 1.1865 upwards. The market has used a trend continuation pattern and, rising, reached the local goal of 1.1919.The market is now offering the development of a new consolidation range above 1.0910. The pair may also d...

28.08.2020EURUSD, “Euro vs US Dollar”After finishing the ascending wave at 1.1900 and then another descending impulse towards 1.1762, EURUSD is correcting to the upside. Possibly, the par may complete this correction at 1.1878 and then start a new decline to break 1.1760. Later, the market may conti...

27.08.2020EURUSD, “Euro vs US Dollar”After finishing the descending wave at 1.1773 and rebounding from this level to the upside, EURUSD has returned to 1.1824; right now, it is consolidating around this level. If later the price breaks this range to the upside, the market may start a new correction ...

26.08.2020EURUSD, “Euro vs US Dollar”EURUSD is still consolidating around 1.1820; right now. it is moving towards the downside border. Possibly, the pair may break 1.1780 downwards and continue falling to reach 1.1750. If the latter level is broken as well, the instrument may form a new descending s...

25.08.2020EURUSD, “Euro vs US Dollar”After finishing another ascending wave at 1.1815 and even extending the fifth structure towards 1.1849, EURUSD has returned to 1.1784; right now, it is consolidating around 1.1820. Possibly, today the pair may form one more ascending structure to reach the latter...

24.08.2020EURUSD, “Euro vs US Dollar”After finishing another descending wave at 1.1786, EURUSD is consolidating around 1.1780. Possibly, today the pair may form one more ascending structure to reach 1.1815. After that, the instrument may start a new decline towards 1.1720 and then return to 1.1785 t...

Increasing volatility in financial markets Market Watch review. In today's release, we’ll cover the following topics: UK Retail Sales. (1) Business activity in the Eurozone and Britain. (3) Trade transaction analysis. (6)     With the opening of the European trading session, we received an unexpecte...

21.08.2020EURUSD, “Euro vs US Dollar”After finishing the descending wave at 1.1802 along with the ascending impulse towards 1.1855, EURUSD has formed a new consolidation range around the latter level. Possibly, today the pair may try to break it to the upside to reach 1.1909. After that, the instrum...

20.08.2020EURUSD, “Euro vs US Dollar”After finishing the descending wave at 1.1900 and then forming a new consolidation range around this level, EURUSD has broken it to the downside to reach 1.1835; this entire structure may be considered as the third wave. Today, the pair may consolidate above this...

Market Watch. Growth of the US government debt The Market Watch review. 19.08.2020 In today's release, we’ll cover the following topics: Growth of the US government debt and stock market. Inflation in Britain and Canada. US oil reserves. US Fed Minutes. The current week began with a rather important...

19.08.2020EURUSD, “Euro vs US Dollar”After finishing the ascending structure at 1.1894 and then forming a new consolidation range around this level, EURUSD has broken it to the upside to reach 1.1964 and may continue trading upwards with the target at 1.2080. Today, the pair may fall to test 1.1906 ...

18.08.2020EURUSD, “Euro vs US Dollar”After breaking 1.1856 to the upside, EURUSD is still trading upwards. Today, the pair may correct to return to 1.1856 and then form one more ascending structure to reach 1.1930. Later, the market mat return to 1.1856 once again and then start another growth with ...