Good evening. I hope you all are doing well. The GBP/USD pair is moving within an uptrend channel on the H4 time frame. Recently, it has broken out of a triangle pattern formed by trend lines, with the next immediate target being the resistance zone...
Daily Four-Hour Chart Analysis in Forex Trading Introduction to Forex Chart Analysis Forex trading involves analyzing currency price movements to make informed trading decisions. Among the numerous tools and techniques, chart analysis stands out as...
GBP/USD technical outlook: The trading session commenced in a support area, where the price was propped up by the channel lines. The price has now advanced to the first resistance area, encountering opposition from both the weekly pivot level and...
* GBPUSD: Bearish below the level of 1.2770, targeting the levels of 1.2670, 1.2600 and 1.2560 * Bullish prospects above the level of 1.2770 with potential targets at 1.2830, 1.2890 and 1.2930 ...
The GBP/USD currency pair, representing the exchange rate between the British Pound and the US Dollar, currently sits at 1.2735. The prevailing trend is bearish, indicating that the Pound is losing value against the Dollar. This trend has been...