GBP/USD Price Activity Our conversation today will delve into the price action analysis of the GBP/USD currency pair. The GBP/USD is moving within a descending channel that resembles a consolidation phase. The price isn't making significant moves...
GBP-USD PAIR ANALYSIS The GBP USD currency pair on the H4 time frame shows that the price entered the USD hour session experiencing an increase in price and the buyer camp seems to dominate the trading process tonight. For the nearest supply and...
The currency pair continued its downward trend for the second consecutive day on Tuesday, trading near the 1.3060 level during the European session. The decline was primarily driven by the strengthening DXY, bolstered by recent US labor market data....
The pair faced selling pressure from the intraday low of 0.6710 during Tuesday’s New York session. However, despite this dip, the price is anticipated to continue its upward movement as the US Dollar weakens following the release of the US Initial...
EUR-GBP ANALYSIS CHART The situation on the EURGBP currency pair has not changed much. The 4-hours chart shows that the pair is in a bearish trend. The price is below the Ichimoku cloud, which indicates a downward momentum. This means that a short...
