Forex Analysis for GBP/USD

EUR/USD: Focus on the US Labor Market The DXY dollar index is down 5% over the past month. This is the largest monthly decline since September 2010. And the American currency lost more than 10% against the euro over the same period. EUR/USD was trading at 0.9541 back on October 28, and it reached t....

02.12.2022GBPUSD, “Great Britain Pound vs US Dollar”The pair is growing in a bullish channel. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the signal lines of the indicator at 1.2155 is expected, followed by growth to 1.2890. An additional signal confirming ...

02.12.2022EURUSD, “Euro vs US Dollar”The currency pair has broken through 1.0475 upwards and continues growth to 1.0555. Upon reaching this level, a link of correction to 1.0430 is not excluded, followed by growth to 1.0590.GBPUSD, “Great Britain Pound vs US Dollar”The currency pair has completed a ...

01.12.2022EURUSD, "Euro vs US Dollar"The currency pair has broken through 1.0160 and has completed a structure of growth to 1.0496. At the moment, the market continues forming a consolidation range under this level. A link of correction to 1.0160 is not excluded. With an escape from the range upward...

01.12.2022EURUSD, “Euro vs US Dollar”The currency pair has completed a structure of decline to 1.0290. Getting support at this level, the market has performed a link of growth to 1.0440. Today a consolidation range might form around this level. With an escape upwards, a pathway up to 1.0590 will ope...

30.11.2022EURUSD, “Euro vs US Dollar”The currency pair has completed a structure of decline to 1.0320 and continues forming a consolidation range. This new range is now forming at the lows of the declining impulse around 1.0356. With an escape from the range downwards, a pathway down to 1.0274 will ...

30.11.2022XAUUSD, “Gold vs US Dollar”At the support level, gold has formed Harami and Hammer reversal patterns. Currently, the pair is forming an ascending wave by the signal. The goal of growth might be 1795.00. Upon testing the resistance level, the pair might get the chance for breaking it away a...

29.11.2022EURUSD, “Euro vs US Dollar”The currency pair continues forming a consolidation range around 1.0333. At the moment, the market has extended the range to 1.0496. Today the market has completed an impulse back to 1.0333 and is now forming a correction to 1.0411. With an escape from the range ...

28.11.2022EURUSD, “Euro vs US Dollar”The pair has formed an impulse of decline to 1.0354 and a correction to 1.0413. Today the market is forming the second declining impulse. At the moment, a structure of decline to 1.0345 was completed. A consolidation range is expected to form around this level. W...

28.11.2022GBPUSD, "Great Britain Pound vs US Dollar"The quotes are pushing off the support level, going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud is expected at 1.1935, followed by growth to 1.2475. An additional signal confirming the growth will be...

28.11.2022EURUSD, “Euro vs US Dollar”On H4, the quotes are above the 200-day Moving Average, which signifies an uptrend. The RSI is testing the support line. Currently, we should expect the quotes to rise over 5/8 (1.0376) and grow to the resistance level of 6/8 (1.0498). The scenario can be cancell...

EUR/USD: FOMC Protocol Dropped the Dollar Last week ended quietly: the US celebrated Thanksgiving. But its first part was marked by the weakening of the dollar, as a result of which EUR/USD rose by more than 200 points, from 1.0222 to 1.0448. It has risen above its 200-day moving average (SMA) for....

25.11.2022XAUUSD, “Gold vs US Dollar”At the support level, gold has formed a Hammer reversal pattern. Currently, the pair is going by the signal by forming another ascending wave. The goal of the growth may be 1795.00. Upon testing the resistance level, the pair may break through it and continue the...

25.11.2022EURUSD, “Euro vs US Dollar”The currency pair has formed a consolidation range around 1.0410. With an escape upwards, a pathway for growth to 1.0445 will open. With an escape downwards, a link of correction to 1.0330 is not excluded, followed by growth to 1.0500.GBPUSD, “Great Britain Pound...

24.11.2022AUDUSD, “Australian Dollar vs US Dollar”The currency pair is growing inside the bullish channel, moving above the Ichimoku Cloud, which suggests the prevalence of an uptrend. A test of the upper border of the Cloud is expected at 0.6695, followed by growth to 0.6945. Growth will be additio...

24.11.2022EURUSD, “Euro vs US Dollar”The currency pair formed a consolidation range around 1.0330 and with an escape upwards extended the structure of growth to 1.0445. Thus the market suggests considering continuation of the wave to 1.0590. Today a link of decline to 1.0330 (a test from above) is e...

23.11.2022EURUSD, “Euro vs US Dollar”The currency pair has completed a structure of a correctional wave to 1.0325. Today the quotes may escape the correctional channel and continue falling to 1.0224. Then the pair should grow to 1.0270 and fall to 1.0222, from where the wave may continue to 1.0222. ...

22.11.2022XAUUSD, “Gold vs US Dollar”At the support level, Gold has formed a Hammer reversal pattern. Currently, following the signal of the pattern, the pair is forming another wave of correction. The goal of the growth might be 1775.00. Upon testing the resistance level, the pair might break throu...

22.11.2022EURUSD, “Euro vs US Dollar”The pair is correcting inside a bullish channel. The instrument is going inside the Ichimoku Cloud, which suggests a flat. A test of the lower border of the Cloud at 1.0125 is expected, followed by growth to 1.0575. An additional signal confirming the growth will...

22.11.2022EURUSD, “Euro vs US Dollar”The currency pair has completed a structure of a declining wave to 1.0222. Today a link of correction to 1.0277 is not excluded (a test from below). Then falling to 1.0160 should follow. from where the wave might continue to 1.0111. The goal is local.GBPUSD, “Gre...

21.11.2022EURUSD, “Euro vs US Dollar”The currency pair has completed a wave of decline to 1.0280. Today we expect a consolidation range to develop around this level. With an escape from the range downwards, a pathway to 1.0165 will open. The goal is local.GBPUSD, “Great Britain Pound vs US Dollar”Th...

21.11.2022EURUSD, “Euro vs US Dollar”On H4, the quotes are above the 200-day Moving Average, which means the uptrend is prevailing. The RSI is nearing the support line. A test of 4/8 (1.0253) should be expected, followed by a bounce off it and growth to the resistance level of 6/8 (1.0498). The scen...

EUR/USD: The Pair Is at a Crossroads We wondered at the beginning of the last review if the dollar rally had come to an end. Let us recall that the US inflation data published on November 10 turned out to be significantly better than both previous values and forecasts. Core consumer inflation (CPI)....

18.11.2022EURUSD, “Euro vs US Dollar”The currency pair has completed a structure of a wave of growth to 1.0305. Today the market has corrected to 1.0390. Another structure of decline is expected to develop to 1.0280. And with a breakaway of this level as well, a pathway to 1.0166 might open. The goa...

18.11.2022EURUSDThe pair is pushing off the signal lines of the indicator, going below the Ichimoku Cloud, which suggests the prevalence of an uptrend. A test of the upper border of the Cloud is expected at 1.0285, followed by growth to 1.0715. An additional signal confirming the growth will be a bo...

17.11.2022EURUSD, “Euro vs US Dollar”The currency pair continues developing a consolidation range around 1.0357. The main scenario suggests an escape from the range downwards to 1.0280. And with a breakaway of this level a pathway to 1.0175 will open. The goal is local.GBPUSD, “Great Britain Pound v...

17.11.2022XAUUSD, “Gold vs US Dollar”At the resistance level, the instrument has formed a Shooting Star reversal pattern. Currently, the pair is following the signal, forming another correctional wave. The goal of the pullback might be 1742.50. After a test of the support level, the price may bounce...

16.11.2022EURUSD, “Euro vs US Dollar”The pair has secured under the Tenkan-Sen line and is preparing to develop a correction by the Head and Shoulders pattern. The pair is going above the Ichimoku Cloud, which indicates an uptrend. A test of the Kijun-Sen line at 1.0220 is expected, followed by grow...

16.11.2022EURUSD, “Euro vs US Dollar”The pair has extended the consolidation range to 1.0480. At the moment the market performed an impulse of decline to 1.0280. Today the market has corrected this impulse to 1.0386. At the moment, the market is forming a new consolidation range under this level. Th...

15.11.2022EURUSD, “Euro vs US Dollar”The pair has completed a wave of decline to 1.0270 and a link of growth to 1.0357. At the moment, the market is forming a consolidation range under this level. With an escape upwards, the range may extend to 1.0410. With an escape downwards, a pathway to 1.0175 w...