GBP USD Fibonacci Retracements Analysis

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...

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...

07.07.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, GBPUSD is trying to move upwards and form a new rising wave after convergence on MACD. If this movement really is a new wave but not a pullback, it may be heading towards the local high at 1.4250, a breakout of which ...

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...

07.07.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, GBPUSD is trying to move upwards and form a new rising wave after convergence on MACD. If this movement really is a new wave but not a pullback, it may be heading towards the local high at 1.4250, a breakout of which ...

30.06.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after finishing a short-term correctional growth, GBPUSD is falling again and may soon break the low at 1.3786. After that, the instrument may continue falling towards 38.2% and 50.0% fibo at 1.3648 and 1.3463 respect...

23.06.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after falling and reaching 76.0% fibo, the asset has rebounded to start a new correction to the upside. After completing this pullback, GBPUSD may form another descending wave to break the support at 1.3669 and then c...

16.06.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the asset is finishing the correctional decline at 38.2% fibo (1.4028) and may later start a new growth towards the local high at 1.4250, a breakout of which may lead to a further uptrend towards the long-term high at...

09.06.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, after a breakout of the high at 1.4241 and a divergence on MACD, the pair has started a new correctional decline. The above-mentioned breakout of the high may lead to a further uptrend towards the long-term high at 1....

02.06.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, a divergence on MACD is making the pair start a new correctional decline after reaching the local high at 1.4241. However, a breakout of the high may lead to a further uptrend towards the long-term high at 1.4376 as s...

26.05.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the pair is consolidating between the high (1.4241) and 76.0% fibo after a divergence on MACD. In this case, GBPUSD is expected to break the high and continue growing towards the long-term high at 1.4376. An alternati...

19.05.2021GBPUSD, “Great Britain Pound vs US Dollar”As we can see in the H4 chart, the pair continues growing towards the high at 1.4241. At the same time, despite a stable uptrend, there is a divergence on MACD, which may indicate a possible pullback after GBPUSD reaches its target level. A breakou...

12.05.2021GBPUSD, “Great Britain Pound vs US Dollar”In the H4 chart, after breaking its consolidation range to the upside, GBPUSD is forming a steady rising impulse, which may be heading to reach the local and key highs at 1.4241 and 1.4376 respectively. However, there might be another scenario impl...

05.05.2021GBPUSD, “Great Britain Pound vs US Dollar”In the H4 chart, the technical situation hasn’t changed much as GBPUSD is still testing the mid-term 23.6% fibo; the current movement may be considered as consolidation before either a new growth or decline. If the price breaks this consolidation r...

28.04.2021GBPUSD, “Great Britain Pound vs US Dollar”In the H4 chart, the technical situation hasn’t changed much as GBPUSD is still testing the mid-term 23.6% fibo. In addition to that, the pair has failed to reach both the local and key (1.4241) highs, which means that the asset is about to start a...

21.04.2021GBPUSD, “Great Britain Pound vs US Dollar”In the H4 chart, after re-testing 38.2% fibo at 1.3643, GBPUSD has rebounded from this level once again. This rebound may be a signal in favor of a new rising wave to reach the high and the long-term fractal high at 1.4241 and 1.4376 respectively. ...