technical articles

gbp-analysis

Technical Analysis of the Pound – 10th to 14th march

Technical Analysis of the Pound – 10th to 14th march

Pound Analysis (Daily Time Frame) As mentioned in the main scenario of last week’s analysis, GBP/USD found support at the mentioned zone and moved upward. Given the bullish momentum, the key question is whether it can break the upcoming resistance zones and continue higher. Main Scenario (Higher Probability): Considering the structure of the bullish candles and the steep trend slope, the outlook remains bullish. However, GBP/USD faces a key resistance at 1.30479, and after reaching this area, a corrective move is expected toward the 1.28118, 1.27164, or even 1.25593 zones before continuing its upward trend. Alternative Scenario (Lower Probability): If buying

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Technical Analysis of the Pound – 3th to 7th march

Technical Analysis of the Pound – 3th to 7th march

Pound Analysis (Daily Time Frame) Over the past week, GBP has been completing its pullback towards the 1.25492 resistance level, but this move has not been fully completed yet. The key question for this week is how strong the buyers will appear. 🔹 Primary Scenario (Higher Probability):For the pullback to be completed, GBP could find support within the 1.25492 – 1.24848 range and move upwards. If this happens, the next targets will be 1.27189, followed by 1.28131, and possibly even higher levels. 🔹 Alternative Scenario (Lower Probability):If GBP fails to find support in the mentioned range and selling pressure increases, the

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Technical Analysis of the Pound – 24th to 28th feb

Technical Analysis of the Pound – 24th to 28th feb

Pound Analysis (Daily Time Frame) During the past week, the Pound managed to stabilize above the resistance it had previously broken at 1.25492, smoothing its path toward the next resistance level. Primary Scenario (Higher Probability):Given that the pullback relative to the broken resistance has been completed, it is expected that in the upcoming week the Pound will move toward a higher resistance at 1.28138 or even beyond. However, it is also possible that a minor correction toward 1.24831 could occur before the upward move. Alternate Scenario (Lower Probability):If selling pressure in the upcoming week forces the Pound downward from its current

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Technical Analysis of the Pound – 17th to 21th feb

Technical Analysis of the Pound – 17th to 21th feb

Pound Analysis (Daily Time Frame) As mentioned in last week’s main scenario, GBP successfully broke above the 1.25484 resistance and stabilized, making the path for further upward movement smoother. Main Scenario (Higher Probability):If GBP stabilizes above the 1.26139 level this week, its next target will be 1.28118. Alternative Scenario (Lower Probability):If GBP fails to break above the current level and faces rejection, and the last two candles form an engulfing pattern, it could decline toward the 1.23369 support and later 1.22503. Pound Analysis (4-Hour Time Frame) Main Scenario:Since GBP broke and stabilized above 1.25484, it is expected to complete a pullback

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Technical Analysis of the Pound – 10th to 14th feb

Technical Analysis of the Pound – 10th to 14th feb

Pound Analysis (Daily Time Frame) In the past week, the British Pound opened the trading week with a bearish gap due to sentimental events. However, it quickly recovered the gap and moved toward its previous high, successfully breaking it but failing to hold above. Eventually, the Pound experienced a decline in the last two trading days, reaching 1.24006. Main Scenario: After some range-bound movement, the Pound is expected to break above 1.25496. If it stabilizes above this level, the next target will be 1.28118. Alternative Scenario: If the Pound fails to maintain its strength and declines further, the first downside target

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Technical Analysis of the Pound – 3th to 7th feb

Technical Analysis of the Pound – 3th to 7th feb

Pound Analysis (Daily Time Frame) Based on the candlestick patterns formed last week around the critical 1.24786 level, it appears that GBP is inclined to continue its decline or remain in a ranging phase within the current area. The upcoming week’s price action will determine the next direction for this currency pair. Main Scenario: GBP is expected to complete its pullback and move towards 1.22927 and 1.21029. Alternative Scenario: If GBP reverses upwards from the current zone and stabilizes above 1.25256, it could aim for the next resistance at 1.28115. Pound Analysis (4-Hour Time Frame) Main Scenario: If GBP stabilizes below

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Technical Analysis of the Pound – 27th to 31th jan

Technical Analysis of the Pound – 27th to 31th jan

Pound Analysis (Daily Time Frame) Last week, the GBP showed a strong rebound from the support zone between 1.20999 and 1.21601, climbing to the 1.24891 level. It has now returned to a critical zone that was previously broken. Primary Scenario: If GBP can break strongly through the 1.24891 to 1.25751 zone, its next target will be the resistance at 1.28118. Alternative Scenario: If the above scenario does not occur and GBP reverses from this area, its next targets will be 1.22935 and then 1.21601. Pound Analysis (4-Hour Time Frame) Primary Scenario: If GBP breaks through and stabilizes above 1.25751, its next

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Technical Analysis of the Pound – 20th to 24th jan

Technical Analysis of the Pound – 20th to 24th jan

Pound Analysis (Daily Time Frame) As in previous weeks, the Pound continues its strong downward trend against the US Dollar and has now reached the support area at 1.20988, where it has shown a very weak rebound.Main Scenario: It is expected that this decline will continue, at least moving toward the 1.20394 area. If this level is broken, the next target for the Pound will be the very important 1.18109 level.Alternative Scenario: If the Pound finds support from the current area or slightly below it at 1.20394 and reverses, it will first face the 1.2305 resistance. If this level is broken,

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Technical Analysis of the Pound – 13th to 17th jan

Technical Analysis of the Pound – 13th to 17th jan

Pound Analysis (Daily Time Frame) As highlighted in last week’s main scenario, after testing and pulling back to its last support, GBP continued its decline to the 1.21910 range, closing the final trading day with a strong bearish candle. Main Scenario: Given the steepness of the decline and the strength of bearish candles, any upward movement is expected to be merely a correction or pullback, with the downtrend continuing. Once the price breaks and stabilizes below 1.21878, the next targets will be 1.20674 and 1.18732. Alternative Scenario: If GBP moves upward and reclaims the 1.25775 level, it could target the resistance

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Technical Analysis of the Pound – 6th to 10th jan

Technical Analysis of the Pound – 6th to 10th jan

Pound Analysis (Daily Time Frame) As expected from last week’s analysis, the Pound experienced a decline, reaching the 1.23519 level, and the outlook remains bearish. Therefore: Main Scenario: Given the break below the 1.24758 support, the Pound could make a temporary move towards this level to test it, and then continue its downward movement. The first target will be 1.22992, followed by 1.21878. Alternative Scenario: If the Pound moves upwards and reclaims the 1.26074 level, it could target 1.27256 and 1.28115. Pound Analysis (4-Hour Time Frame) Main Scenario: After a temporary upward reversal reaching the 1.24758 level, the Pound is expected

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