Shorting gold or buying it at current prices does not present an optimal opportunity for short sellers. The reason is that once the initial impulse wave to the upside concludes, the prevailing downtrend will be broken. Therefore, if prices fail to...
GBP/USD Well, we can say that the trading day is coming to an end. At least I do not plan to open anything today, but it is worth summing up the movement of the pound. In the current situation on H4, you and I have already agreed that we have a...
If the pair successfully breaks below the support level of 156.70, bearish momentum will likely strengthen, allowing sellers to continue pushing the price downward. However, a mere breakout is insufficient; the price must remain below this level to...
GBP/USD Technical Analysis and Forecast Current Market Sentiment The GBP/USD market is in an uptrend and is currently trading at 1.2523. The GBP/USD market is slowly moving towards the resistance level at 1.2550 on the daily chart. If the GBP/USD...
GBPUSD Technical Outlook Hello, everyone! Good evening. If we approach this level with declining or below-average volumes, there’s a chance for an unexpected move, as illustrated in my scenario. Specifically, the price could suddenly spike upward,...
