Forex Analysis for GBP/USD

First, a review of last week’s events: EUR/USD.  The latest US employment data is not just optimistic, but over-optimistic: approximately 4.8 million people returned to work in June. The unemployment rate fell from 13.3% to 11.1% - the best increase in employment outside the agricultural sector sin....

Long-term review Minor operational scale (Daily) The "top" of the summer - options for the development of the movement for #USDX vs EUR/USD & GBP/USD & USD/JPY (Daily) on July 6, 2020.____________________ US dollar index From July 6, 2020, the movement of the dollar index #USDX will be det....

Relevance up to 06:00 2020-07-04 UTC+2 Recently, Bullish breakout above 1.2265 has enhanced many bullish movements up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In the period between March 27- May 12).Shortly af....

Relevance up to 13:00 2020-07-04 UTC+2 GBP/USD – 1H. Hello, traders! According to the hourly chart, the pound/dollar pair performed a consolidation over the downward trend corridor, so the current mood of traders changed to "bullish". However, yesterday the pair's quotes also performed a reversal ....

Relevance up to 22:00 UTC+2 Good day, dear traders! At yesterday's trading, the GBP/USD currency pair suspended its two-day and fairly intensive growth. The reason for this was strong data on the US labor market, as well as market participants' concerns about the outbreak of the second wave of COV....

Relevance up to 09:00 2020-07-05 UTC+2 Technical analysis recommendations for EUR/USD and GBP/USD on July 3 EUR / USD The situation has not undergone significant changes over the past day. The pair remains in the attraction zone of 1.1245-25 (monthly medium-term trend + weekly long-term trend +....

Relevance up to 08:00 2020-07-04 UTC+2 On Thursday, the US dollar rose against the euro and the pound amid news that the unemployment rate in the US fell in June this year, indicating the gradual recovery of the labor market after the coronavirus pandemic. Even US President Donald Trump noted suc....

Relevance up to 09:00 2020-07-04 UTC+2 From the side of a comprehensive analysis, we see a rebound in the price from the area of the local maximum on June 24. Now, let's talk about the details. The trading week is coming to an end, and it's time for us to take preliminary results. Firstly, the s....

Relevance up to 08:00 2020-07-04 UTC+2 The pound-dollar pair has been trading within the 24th figure for the third consecutive day. The pair's corrective growth is mainly due to the weakening of the US currency – the pound is still under pressure from many fundamental factors, which were aggravat....

Relevance up to 07:00 2020-07-04 UTC+2 The US economy continues to recover, and it seems that the pace of this process will only increase. Another question is whether it will be energetic or not.The recent data on employment in America presented on Thursday turned out to be unexpected and noticeab....

03.07.2020EURUSD, “Euro vs US Dollar”EURUSD is forming another descending wave. Possibly, today the pair may break 1.1222 and then continue falling with the short-term target at 1.1180. After that, the instrument may correct to test 1.1222 from below and then start another decline to reach 1.1144.GB...

Relevance up to 06:00 2020-07-04 UTC+2 To open long positions on GBP/USD, you need: Yesterday's data on the US labor market quickly brought buyers of the pound to their senses, who managed to form a fairly powerful upward correction in the pair, coming close and testing the resistance of 1.2528,....

Relevance up to 08:00 2020-07-04 UTC+2 Technical Market Outlook:The GBP/USD pair has made a local high at the level of 1.2528, but the rally had ended up with a Bearish Engulfing candlestick pattern at its very top. The market is currently trading at the edge of the overbalance which is seen at th....

Relevance up to 18:00 2020-07-03 UTC+2 Recently, Bullish breakout above 1.2265 has enhanced many bullish movements up to the price levels of 1.2520-1.2590 where temporary bearish rejection as well as a sideway consolidation range were established (In the period between March 27- May 12).Shortly af....

Relevance up to 16:00 2020-07-03 UTC+2 EUR/USD On July 1, the EUR/USD pair advanced by only 15 basis points. Thus, the current wave marking did not indicate any significant changes. However, I still expect the upward wave 5 to enter C or B area. If this scenario is true, the quotes will resume th....

Relevance up to 15:00 2020-07-03 UTC+2 To open long positions on GBPUSD, you need: In my morning forecast, I paid attention to the sale of the pound when forming a false breakout in the resistance area of 1.2528. If you look at the 5-minute chart, you will see how there were several tests of this ....

Relevance up to 15:00 2020-07-03 UTC+2 GBP/USD – 1H. Hello, traders! According to the hourly chart, the pound/dollar pair performed a consolidation over the downward trend corridor, so the current mood of traders changed to "bullish". The growth process may continue in the near future, however, I ....

Relevance up to 12:00 2020-07-03 UTC+2 Using complex analysis, we can see the next round of speculative operations, which supported the previously set price price. The trades yesterday did not differ much from the previous one. Similar speculative activity and long operations were observed, in w....

Relevance up to 13:00 2020-07-03 UTC+2 Corona virus summary: West Bank has gone into lockdown as virus numbers soar. The Palestinian Authority has announced a five-day lockdown across the West Bank after the total confirmed coronavirus infections in the territory more than doubled following the ....

Relevance up to 23:00 UTC+2 Good day, dear traders! At yesterday's trading, the pound/dollar currency pair significantly increased, thus continuing the upward trend that began on the first day of July trading. Today is an important day for the markets. In connection with tomorrow's celebration of ....

Relevance up to 10:00 2020-07-03 UTC+2 GBP/USD Analysis: The daily chart of the British pound is dominated by an ascending wave structure. Since April, a corrective stretched plane has been developing in its structure. Its last section started on June 10 and is not complete at the time of analysis....

Relevance up to 10:00 2020-07-03 UTC+2 EUR / USD The influence and attraction of such strong levels as the monthly medium-term trend (1.1245) and the weekly long-term trend (1.1225) continue to affect the current situation, hindering the development of directional movement. Working below these l....

Relevance up to 21:00 UTC+2 There is a suspicion that what happened yesterday is nothing other than a large-scale speculation, the goal of which is the subsequent sale of more expensive currencies for dollars. Market reaction was indeed the opposite of employment data and you don't need to fool yo....

Relevance up to 08:00 2020-07-04 UTC+2 Before the publication of the US labor market report in June, APD presented a report on private sector employment, which not only did not add clarity, but further confused the situation.In June, 2369 thousand jobs were created, and this would have been an out....

Relevance up to 08:00 2020-07-03 UTC+2 Technical Market Outlook:After the GBP/USD pair has made a local low at the level of 1.2251 the price has temporary broken out the descending channel and tested the technical resistance seen at the level of 1.2362. After that move, the bulls pushed the price ....

02.07.2020GBPUSD, “Great Britain Pound vs US Dollar”GBPUSD is trading at 1.2488; the instrument is moving above Ichimoku Cloud, thus indicating an ascending tendency. The markets could indicate that the price may test Tenkan-Sen and Kijun-Sen at 1.2455 and then resume moving upwards to reach 1.2575....

02.07.2020EURUSD, “Euro vs US Dollar”After completing the descending structure at 1.1184, EURUSD is growing towards 1.1287, thus forming a new consolidation range around 1.1240. After reaching 1.1287, the instrument may start another decline with the target at 1.1204.GBPUSD, “Great Britain Pound vs ...

Relevance up to 06:00 2020-07-03 UTC+2 To open long positions on GBP/USD, you need: The speech of British Prime Minister Boris Johnson and his proposed bailout plan worth five billion pounds, as well as the gradual demand for risk after good fundamental statistics on the state of the US economy,....

02.07.2020XAUUSD, “Gold vs US Dollar”As we can see in the H4 chart, the ascending tendency continues. After finishing the pullback and testing the support level, XAUUSD has formed a Hammer pattern. At the moment, the price may start reversing to continue the uptrend. In this case, the upside target ...

Relevance up to 14:00 2020-07-02 UTC+2 The euro attempted to grow after the data released on the German economy, as well as after reports on manufacturing activity in the Eurozone, however, it was not possible to achieve support from major players. As a result, the pair again quickly descended to....