The GBP/USD pair has experienced a significant rally over the past two weeks, reaching a high of 1.3044 last Wednesday, the highest level since late July last year. However, the pair has since pulled back, currently trading...
The British Pound (GBP) has recently experienced a significant move against the US Dollar (USD), breaking below a key support level. Let’s break down what this means for traders and what to expect in the coming days....
The British Pound (GBP) has been showing strength against the US Dollar (USD) recently, driven by several key factors. Let’s break down the main drivers and potential future scenarios for the GBP/USD pair. 1. Interest Rate Differentials...
GBPUSD broke above the previous peak on 6.12.2024 which opens up a bullish sequence from 4.22.2024 low. Rally from there is unfolding as a 5 waves impulse Elliott Wave structure where wave 1 ended at 1.286 and...
The British Pound (GBP) has shown impressive strength against the US Dollar (USD) recently, extending its upward move from 1.2612 to reach a high of 1.2845. However, the pair is now facing resistance at the 1.2860 level,...
In a surprising move, UK Prime Minister Rishi Sunak has announced that the general election will be held on July 4th, 2023. This marks the first time since 1945 that the UK will hold a general election...
The GBPUSD currency pair has failed to break below the rising trendline on the 4-hour chart, instead extending its upside move that originated from the 1.2299 low on April 22nd. The rally carried the pair as high...
The GBPUSD currency pair has been trading sideways in a range between 1.2671 and 1.2817 for several weeks, with the pair now facing the support of the rising trend line on the 4-hour chart. Consolidation for Uptrend...
Short Term Elliott Wave in GBPUSD suggests rally from 4.22.2024 low unfolded as a 5 waves impulse Elliott Wave structure. Up from 4.22.2024 low, wave ((i)) ended at 1.2635 and pullback in wave ((ii)) ended at 1.2445....
The GBPUSD currency pair has broken out above the 1.2761 resistance level, extending its impressive upside move that originated from the 1.2299 low. The rally has carried the pair as high as 1.2780 in recent trading sessions,...
