GBP/USD pair, especially considering the evening recovery of positions, we see a relatively modest value. It suggests that the bears are not fully confident in their strength. Consequently, in one of the main scenarios, the price might not return to...
The British Pound (GBP) on the GBP/USD pair recently closed the gap, aligning with broader market movements at the market open. Currently, a minor correction to the 23.6% Fibonacci retracement level around 1.29000 seems probable. This level could be...
Date: 16th July 2024. Pound Leads Currencies This Month Despite Upcoming Rate Cut! Goldman Sachs is the latest bank to release their quarterly earnings report. The bank’s earnings were slightly higher than previous expectations, but lower than the...
Stop loss In Forex A stop-loss is a fundamental risk management tool used in forex trading to limit potential losses on a trade. It involves setting a predetermined price level at which the trade will automatically be closed if the market moves...
EUR/USD Buyers Capitalize on Primary Impulse Zone: Analyzing H4 Chart Movements On the H4 chart, the EUR/USD pair has been showing significant activity, with buyers leveraging the primary impulse originating from the 1.0500-1.0600 range. This...