The GBPUSD currency pair initiated an upward trend surpassing the resistance level at 1.2850, and subsequently crossed the 1.3000 level. Upon examining the
As seen in the image, the level of 1.2700 (23.6% Fibonacci retracement level with a 50-period simple moving average and a 100-period simple moving average) has
The British pound rose after breaking the 1.2750 resistance against the US dollar. Before the bears emerged, the GBP/USD currency pair touched the 1.2850
Cable is facing doubts among traders regarding the future of the UK economy as inflation rates intensified last month. The currency pair’s trend
In the 1-hour chart of GBP/USD, this currency pair started a significant decline from the level of 1.2475, and the British pound dropped below the support
As observed in the technical analysis chart of the GBPUSD, it appears that a bearish trend scenario is more likely. Therefore, if these currency pair breaks
In the last hours of last week, this currency pair moved in an upward phase to the level of 1.20861, but failed to break its downward trend line. Therefore, we
As we analyzed last week, the price fell exactly to the level of 1.19946. It seems that this level is an important area for this currency pair. We expect that
As predicted last week, the price was in a downward trend and dropped to the level of 1.21600. This week, we expect the price to continue the downward trend to
As mentioned in the GBPUSD Analysis of July 13, 2022, the price was in a downward phase, it managed to touch the level of 1.17638 and then was in an upward