Technical Analysis of GBP USD

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 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....

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 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 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 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 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 ....

02.07.2020EURUSD, “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 15:00 2020-07-02 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 10:00 2020-07-02 UTC+2 Overview: Pivot: 1.2396.The GBP/USD pair didn't make any significant movements last two days. There are no changes in our technical outlook. The GBP/USD pair was trading around the area of 1.2345 - 1.2396. Today, the level of 1.2396 represents a weekly pivot ....

Relevance up to 10:00 2020-07-02 UTC+2 Today we take a look at GBPJPY and see how we are going to play the bounce!We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today *The market analysis posted h....

Relevance up to 09:00 2020-07-02 UTC+2 From the side of complex analysis, we can see the fixation of short positions, on the basis of which a local surge of activity arose. Now, let's talk about the details. The past trading day was on the wave of speculative operations, where the quote failed t....

Relevance up to 09:00 2020-07-02 UTC+2 GBP/USD – 1H.Hello, traders! According to the hourly chart, the pound/dollar pair performed a reversal in favor of the British currency yesterday and growth in the direction of the upper border of the downward trend corridor. Thus, in general, the mood of tra....

Relevance up to 21:00 UTC+2 Good day, dear traders!Yesterday, the final GDP data for the first quarter came from the UK, which was weaker than expected and disappointed market participants. Let me remind you that the British GDP fell by 2.2%, although forecasts suggested a fall of only 2%.But the ....

Relevance up to 08:00 2020-07-02 UTC+2 Technical analysis recommendations for EUR/USD and GBP/USD on July 1 EUR / USD The maximum optimism for the players to decline at the close of June was not reached. And although the rebound from the medium-term trend tested last month (1.1360) retained its....

01.07.2020EURUSD, “Euro vs US Dollar”After completing another correctional structure at 1.1260, EURUSD is falling towards 1.1215. Possibly, today the pair may reach this level and then form a new consolidation range around it. If later the price breaks this range to the downside, the market may cont...

Relevance up to 07:00 2020-07-02 UTC+2 Technical Market Outlook:After the GBP/USD pair has made a local low at the level of 1.2251 after all the bounces were too shallow to trigger a strong rally. Nevertheless, the price has temporary broken out the descending channel and tested the technical resi....

Relevance up to 06:00 2020-07-02 UTC+2 Trading RecommendationEntry: 74.68Reason for Entry: Horizontal swing high resistance Take Profit :74.15Reason for Take Profit: 38 fib retracementStop Loss:75.03Reason for Stop loss: Horizontal swing high resistance *The market analysis posted here is meant to....

Relevance up to 05:00 2020-07-02 UTC+2 Trading RecommendationEntry: 1.24425Reason for Entry: Horizontal overlap resistance, 78.6% fibonacci extension and 61.8% fibonacci retracementTake Profit: 1.22637Reason for Take Profit: Horizontal overlap support, 76.4% fibonacci retracement, 61.8% fibonacci ....

Relevance up to 05:00 2020-07-02 UTC+2 Trading RecommendationEntry: 1.24425Reason for Entry: Horizontal overlap resistance, 78.6% fibonacci extension and 61.8% fibonacci retracementTake Profit: 1.22637Reason for Take Profit: Horizontal overlap support, 76.4% fibonacci retracement, 61.8% fibonacci ....

Relevance up to 04:00 2020-07-02 UTC+2 GBP/USD The pound sterling slightly fell short of its first goal of 1.2230 as the junction between the Fibonacci level of 161.8% and the MACD line on the daily chart. The price went above the balance indicator line, which indicates the potential for the mar....

Relevance up to 18:00 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 after, transi....

Relevance up to 11:00 UTC+2 Using complex analysis, we can see the acceleration of quotes from the mirror level towards the main range. The past trading day was oriented towards a further downward move, in which the quotes successfully accelerated from the mirror level of 1.2350, updating the mo....