Friday's trading for the GBP/USD currency pair concluded with a four-hour wave of decline, during which sellers briefly reached the 1.2375 level, nearly retesting the previous day's low of 1.2360. However, by the end of the session, the pair...
The EUR/ GBP currency brace is facing patient downcast pressure, with the price action indicating a implicit decline of 30 to 44 pips in the coming sessions. The request’s incapability to break above the 0.8345 resistance position reinforces the...
I observed that the brace originally traded within an thrusting trend channel, but the bullish structure weakened when it traduced the lower boundary, driving a decline. I noted that the breakdown below the support position of 167.586 was...
The NZD/USD daily chart exhibits a pronounced downtrend, with the price consistently forming lower highs and lower lows. The red moving average (likely a 50-period SMA) follows the price action closely, acting as dynamic resistance. The price is...
T E C H N I C A L _ A N A L Y S I S G B P / U S D Hello, the current price behavior of the GBP/USD market is the subject of my article today. GBP/USD is trading at 1.2399 at the time of writing. We have an ideal wave structure on this chart, and...
