GBP USD Fibonacci Retracements Analysis

23.02.2022GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, GBPUSD is still consolidating around 38.2% fibo and this consolidation range may later be followed by a new rising impulse. The mid-term upside targets may be 61.8% and 76.0% fibo at 1.3833 and 1.3987 respectively. Th...

16.02.2022GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, GBPUSD is consolidating around 38.2% fibo. This consolidation range may be followed by a new rising impulse. The mid-term upside targets may be 61.8% and 76.0% fibo at 1.3833 and 1.3987 respectively. The key support r...

09.02.2022GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the rising wave, which is heading towards the local high at 1.3749, is slowing down. After breaking the high, the asset may reach the key resistance at 1.3834. However, there is an alternative scenario suggesting that...

02.02.2022GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after falling and reaching 61.8% fibo, GBPUSD is correcting upwards. If this correctional uptrend is transformed into a proper rising wave, the price may grow to break the local high at 1.3749 and then reach the key r...

26.01.2022GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the previous decline has been replaced by a slight growth, which may start a new rising wave. If it happens, the upside targets may be 61.8% and 76.0% fibo at 1.3834 and 1.3987 respectively. However, an alternative sc...

19.01.2022GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after an attempt to test and break 76.0% fibo, GBPUSD has started a new decline, which may transform into a proper descending wave towards the low at 1.3160. The key resistance and the next upside target are the high ...

12.01.2022GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, GBPUSD has reached 61.8% fibo after convergence on MACD and may boost its growth towards 76.0% fibo at 1.3672. After that, the pair may start a new correction to the downside before attacking the high at 1.3824. The k...

05.01.2022GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, GBPUSD has reached 50.0% fibo after convergence on MACD and may boost its growth towards 61.8% fibo at 1.3577. After that, the pair may start a new decline towards the key support at 1.3160. The key resistance is the ...

29.12.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, GBPUSD has reached 38.2% fibo after convergence on MACD. It looks like the pair is starting a new decline towards the key support at 1.3160. At the same time, an opposite scenario implies another rising impulse to rea...

08.12.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the situation hasn’t changed much over the past week. After attempting to test the long-term 38.2% fibo at 1.3166, the asset was moving upwards to reach 23.6% fibo 1.3345. At the moment, the price is falling again to ...

01.12.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after failing to test the long-term 38.2% fibo at 1.3166, the asset is forming a new pullback to the upside. However, it doesn’t mean that the descending tendency is over. Convergence on MACD is another signal in favo...

24.11.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after finishing the short-term correction and updating the previous low, GBPUSD is still heading towards the long-term 38.2% fibo at 1.3166. However, convergence on MACD indicates a possible short-term pullback in the...

17.11.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after updating the low, GBPUSD is heading towards the long-term 38.2% fibo at 1.3166; right now, the pair is forming a short-term pullback. However, convergence on MACD indicates that a proper correction may start aft...

15.11.2021EURUSD, “Euro vs US Dollar”As we can see in the H4 chart, EURUSD is trading within the “oversold area”. In this case, the price is expected to test 0/8, break it, and then continue growing to reach the resistance at 2/8. Still, this scenario may no longer be valid if the price breaks -1/8 ...

10.11.2021GBPUSD, “Great Britain Pound vs US Dollar”On D1, the pair is developing a wave of decline, breaking through 23.6% Fibo. The next medium-term goals of the decline will be 38.2% (1.3166) and 50.0% (1.2830). The main resistance level is the high of 1.4250.On H1, there is correctional growth. ...

20.10.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the correctional uptrend is looking quite stable and has already reached 50.0% fibo. In the future, it may continue towards 61.8% and 76.0% fibo at 1.3929 and 1.4048 respectively. The key resistance remains at the hig...

13.10.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the daily chart, after reaching 23.6% fibo, the correctional uptrend has stropped. Possibly, the pair may start a new descending impulse towards 38.2% and 50.0% fibo at 1.3166 and 1.2830 respectively. The key resistance remains at ...

06.10.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the daily chart, the asset is correcting upwards after completing a strong descending movement. Possibly, the asset may finish the pullback and resume falling towards 38.2% and 50.0% fibo at 1.3166 and 1.2830 respectively. The key ...

29.09.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the daily chart, the asset has stopped consolidating 23.6% fibo; right now, it is moving downwards. this decline may be a signal in favour of a further downtrend towards 38.2% and 50.0% fibo at 1.3166 and 1.2830 respectively. The k...

22.09.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after rebounding from 50.0% fibo, GBPUSD is forming a new descending wave towards the low at 1.3572, which may be considered as the continuation of the mid-term correctional downtrend. The closest target is 38.2% fibo...

15.09.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after rebounding from 50.0% fibo, GBPUSD is expected to form a short-term pullback to the downside, which may later be followed by a further mid-term correctional uptrend to break 61.8% fibo at 1.3991 and then reach 7...

08.09.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after reaching 61.8% fibo at 1.3991, GBPUSD is falling. As long as the pair is trading above the low at 1.3572, this descending movement should be considered as a correction. However, if the price finally breaks the l...

01.09.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the current growth is slowing down. This technical picture implies that the asset may start a new descending wave. The first downside target will be the low at 1.3572, a breakout of which may lead to a further downtre...

25.08.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the daily chart, the asset continues moving around 23.6% fibo; this movement may be considered as a mid-term local consolidation within the correctional phase. Later, the market may break this consolidation range to the downside an...

18.08.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the asset continues falling slowly to reach the low at 1.3572. However, no matter how strong the current downtrend is, the pair may yet form another rising impulse towards 61.8% and 76.0% fibo at 1.3991 and 1.4087 res...

11.08.2021GBPUSD, "Great Britain Pound vs US Dollar"On H4, the pair has been moving in a correctional decline for a fortnight, aiming at 61.8% (1.3991) Fibo. This decline is not characteristics for the highly volatile pair. This might turn into a wave of decline, aiming below the low of 1.3572, but ...

04.08.2021GBPUSD, "Great Britain Pound vs US Dollar"On D1, there is correctional growth after another attempt to break through 23.6% Fibo. This growth might turn into a wave of growth, aiming at a breakaway of the high of 1.4250, but the bearish wave has not come to an end yet. A test of the high is...

28.07.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the ascending correction continues. After breaking 38.2% fibo, GBPUSD is heading towards 50.0% fibo. However, it’s too early to expect the asset to reach the high at 1.4250. most likely, this correction will soon be r...

21.07.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after completing the correction not far from 23.6% fibo, GBPUSD is moving downwards and has already broken 38.2% fibo. Later, the market may continue trading downwards to reach 50.0% and 61.8% fibo at 1.3463 and 1.327...

14.07.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, GBPUSD is moving upwards after convergence on MACD. This technical picture implies some uncertainty on the market. It means that the asset has two possible scenarios and may both head towards the high at 1.4250 and co...