Forex Analysis for GBP/USD

26.11.2021EURUSD, “Euro vs US Dollar”After completing the correctional wave at 1.1228, EURUSD is consolidating below this level. If later the price breaks this range to the downside, the market may resume trading downwards to reach 1.1180; if to the upside – continue the correction with the target a...

25.11.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the asset is completing another correctional wave. After forming an Inverted Hammer reversal pattern not far from the support level, XAUUSD may reverse and form a new rising impulse. In this case, the upside target may be the resist...

25.11.2021EURUSD, “Euro vs US Dollar”EURUSD is trading at 1.1211; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test the cloud’s downside border at 1.1230 and then resume moving downwards to reach 1.1095. Another s...

25.11.2021EURUSD, “Euro vs US Dollar”After completing the descending structure at 1.1186, EURUSD is expected to correct towards 1.1225. Later, the market may start another decline with the target at 1.1182.GBPUSD, “Great Britain Pound vs US Dollar”After finishing the descending wave at 1.3315, GBPUS...

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...

24.11.2021EURUSD, “Euro vs US Dollar”After completing the correctional structure at 1.1274, EURUSD is expected to fall towards 1.1197. Later, the market may start another correction with the target at 1.1274.GBPUSD, “Great Britain Pound vs US Dollar”After finishing the descending wave at 1.3353, GBP...

23.11.2021EURUSD, “Euro vs US Dollar”After completing another descending structure at 1.1230, EURUSD is expected to correct towards 1.1277. Later, the market may form a new descending structure to reach 1.1195 and then start another correction with the target at 1.1350.GBPUSD, “Great Britain Pound v...

22.11.2021EURUSD, “Euro vs US Dollar”EURUSD has finished another descending structure at 1.1250 along with the correction towards 1.1325; right now, it is consolidating around 1.1277. Possibly, today the pair may fall to reach 1.1231 and then start another correction towards 1.1303. Later, the marke...

22.11.2021EURUSD, “Euro vs US Dollar”In the H4 chart, EURUSD is approaching the “oversold area”. In this case, the price is expected to test 0/8, rebound from it, and then resume growing to reach the resistance at 2/8. Still, this scenario may no longer be valid if the price breaks 0/8 to the downsi...

22.11.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the asset is completing another correctional wave. After forming a Long-Legged Doji reversal pattern not far from the support level, XAUUSD may reverse and form a new rising impulse. In this case, the upside target may be the resist...

22.11.2021GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is trading at 1.3438; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test at Tenkan-Sen and Kijun-Sen 1.3445 and then resume moving downwards to reach 1.322...

EUR/USD: Closer to Parity We made a short equation in the title of the previous review on the EUR/USD pair: “Inflation growth = USD growth”, and last week's events confirmed its fairness. Strong data on retail sales in the US, released on Tuesday, November 16, allowed the dollar to rally again, an....

19.11.2021EURUSD, “Euro vs US Dollar”EURUSD has reached the short-term upside target at 1.1372. Possibly, today the pair may fall towards 1.1328 and then form one more ascending structure to reach 1.1388 to complete this wave. Later, the market may resume trading within the downtrend with the target...

18.11.2021GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is trading at 1.3485; the instrument is moving inside Ichimoku Cloud, thus indicating a sideways tendency. The markets could indicate that the price may test the cloud’s upside border at 1.3495 and then resume moving downwards to reach 1.328...

18.11.2021EURUSD, “Euro vs US Dollar”After forming a new consolidation range around 1.1300, EURUSD is expected to break it to the downside and reach the target at 1.1250. Later, the market may correct towards 1.1350 and then resume trading within the downtrend with the target at 1.1174.GBPUSD, “Grea...

17.11.2021GBPUSD continues consolidating after a massive drop earlier. The British Pound is still consolidating against the USD. The current quote for the instrument is 1.3422.According to the statistics published today, the British CPI showed 4.2% y/y in October after being 3.1% y/y the month befor...

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...

17.11.2021EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.1263, EURUSD is correcting to test 1.1300 from below. Later, the market may resume falling to break 1.1250 and then continue trading within the downtrend with the target at 1.1174.GBPUSD, “Great Britain Pound vs US Dollar...

17.11.2021XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the asset is about to complete another correctional wave. After forming a Harami reversal pattern not far from the support level, XAUUSD may reverse and form a new rising impulse. In this case, the upside target may be the resistanc...

16.11.2021EURUSD, “Euro vs US Dollar”After completing the descending wave at 1.1355, EURUSD is consolidating above this level. Today, the pair may grow towards 1.1390. Later, the market may resume trading within the downtrend with the target at 1.1318.GBPUSD, “Great Britain Pound vs US Dollar”After ...

16.11.2021GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is trading at 1.3419; the instrument is moving below Ichimoku Cloud, thus indicating a descending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.3455 and then resume moving downwards to reach 1.313...

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 ...

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 ...

15.11.2021EURUSD, “Euro vs US Dollar”After completing the descending structure at 1.1432, EURUSD is consolidating around 1.1455. Today, the pair may grow and correct towards 1.1500. Later, the market may resume trading within the downtrend with the target at 1.1404.GBPUSD, “Great Britain Pound vs US...

EUR/USD: Rising Inflation Equals to Rising USD All US macroeconomic statistics turned out to be worse than forecast. But despite this, the American currency continues to grow. The DXY dollar index, which measures it against a basket of six other major currencies, hit 95.26 on Friday, November 12, g....

12.11.2021GBPUSD, “Great Britain Pound vs US Dollar”The currency pair is trading at 1.3367 under the Ichimoku Cloud, suggesting a downtrend. A test of the signal lines of the indicator at 1.3455 is expected, followed by falling to 1.3145. An additional signal confirming the decline might become a bo...

12.11.2021XAUUSD, “Gold vs US Dollar”Gold is forming a correctional wave. At the resistance level, gold has formed several reversal patterns, including a Hanging Man. Going by the signal now, the price might start correcting. The aim of the pullback is the support level of 1845.00. However, the quot...

12.11.2021EURUSD, “Euro vs US Dollar”The currency pair performed a wave of decline to 1.1440. At a moment, the market is trading in a narrow consolidation range around this level. Today we expect a decline to 1.1428. After this level is reached, there is expected a link of correction to 1.1452 (a te...

For Traders Forex Analysis Wave analysis 11.11.202120:45 Forex Analysis & Reviews: Analysis of GBP/USD for November 11; Sterling continues to decline but UK statistics could not finish it off Relevance up to 18:00 2021-11-12 UTC+1 Wave patternThe wave counting for the Pound/Do...

For Traders Forex Analysis Technical analysis 11.11.202121:10 Forex Analysis & Reviews: November 11, 2021 : GBP/USD Intraday technical analysis and significant key-levels. Relevance up to 20:00 2021-11-12 UTC+1 The GBPUSD pair has been moving sideways with some bearish tendenc...