The GBP/NZD pair faces a critical juncture, oscillating between the potential for a rise of 92 to 137 pips and the risk of further declines. At the heart of this outlook lies the pivot point at 2.1717, a level that represents the tipping point for...
On Friday, GBP/USD closed at 1.2162 during the US session, confirming that the pair remains within a descending channel. I noticed on the H1 chart that there have been multiple attempts to shift the trend to bullish, but each time, the price was...
The technical outlook for GBP/USD suggests a market firmly under bearish control, as evidenced by key indicators and resistance levels. The pivot point at 1.2205 is pivotal in defining the market’s direction, with the downside prevailing below this...
The GBP/USD pair’s recent price action underscores a market environment heavily influenced by technical resistance and bearish momentum. The pivot point at 1.2205 serves as a psychological and technical barrier, with the downside prevailing as long...
The GBP/USD currency pair shows a notable potential for a bearish movement, as highlighted by the technical indicators and pivot point at 1.2205. Currently, the price stands below the pivot point, which serves as a significant resistance level. The...
