TECH Sell 13.05.2024 08:23
GBP/USD: wave analysis
A fall is possible.
On the daily chart, the upward first wave of the higher level (1) formed, and a downward correction develops as the second wave (2). Now, the wave C of (2) is developing, within which the first wave of the lower level i of C has formed, a local correction has ended as the second wave ii of C and the third wave iii of C has started. If the assumption is correct, the GBP/USD pair will fall to the area of 1.2077–1.1742. In this scenario, critical stop loss level is 1.2890.
FUND Buy 10.05.2024 11:05
GBP/USD: Q1 UK economy grew by 0.6%
During the Asian session, the GBP/USD pair is growing, remaining near 1.2530, against macroeconomic statistics from the UK.
FUND Sell 08.05.2024 09:03
GBP/USD: business activity in the UK construction sector is recovering strongly
The GBP/USD pair is testing 1.2480 for a breakdown, developing the "bearish" impetus formed the day before, in the absence of support from macroeconomic statistics from the US and UK.
FUND Buy 06.05.2024 11:57
GBP/USD: bulls managed to overcome the resistance level of 1.2525
During the Asian session, the GBP/USD pair showed flat trading near the 1.2545 mark after growth last week against positive British macroeconomic statistics.
FUND Sell 30.04.2024 13:31
GBP/USD: monetary factors continue to strengthen the American dollar
The GBP/USD pair has been moving within a downward channel for the second month: last week, the price reached its lower border, corrected upwards, and is now trading at 1.2550.