technical articles

gbp-analysis

Technical Analysis of the Pound – 30th dec to 3rd jan

Technical Analysis of the Pound – 30th dec to 3rd jan

Pound Analysis (Daily Time Frame) Given the end-of-year period, a ranging movement for GBP was anticipated. As the new year begins, we need to see what changes this currency may experience. Based on the current situation of GBP and the zone it is in, it is expected to continue ranging in the coming week, oscillating between the levels of 1.24867 and 1.27197. Primary Scenario: If GBP breaks and stabilizes below the significant level of 1.24867, it could move comfortably toward 1.23041. Alternative Scenario: If GBP moves upward and breaks and stabilizes above 1.28115, the next target would be 1.30443, with potential

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Technical Analysis of the Pound – 23th to 27th dec

Technical Analysis of the Pound – 23th to 27th dec

Pound Analysis (Daily Time Frame) Based on last week’s analysis, GBP continued its decline to the 1.24867 area as mentioned and rebounded from that level. Main Scenario: Given the weak rebound and the candle’s rejection from its last low, it is expected that after some consolidation, the decline will continue. Alternative Scenario: If GBP can reclaim the 1.28115 high, it will soon see the 1.30443 area. Pound Analysis (4-Hour Time Frame) Main Scenario: If the 1.24755 area is broken, the 1.23041 area will be waiting for GBP. Alternative Scenario: If the significant 1.26667 high is broken and stabilized above, GBP can

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Technical Analysis of the Pound – 16th to 20th dec

Technical Analysis of the Pound – 16th to 20th dec

Pound Analysis (Daily Time Frame) In the past week, the pound initially experienced some range-bound movement and then a decline, and now it has approached its support area again. Given the momentum of the pound, there is a possibility of further decline at least to the range of 1.25678. However, since it is in an important support area, there is also a possibility of a trend reversal. Main Scenario: If the important range of 1.25678 to 1.24867 is broken, the pound can move to the range of 1.23041. Alternative Scenario: If the trend reverses from the range of 1.25678 to 1.24867,

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Technical Analysis of the Pound – 9th to 13th dec

Technical Analysis of the Pound – 9th to 13th dec

Pound Analysis (Daily Time Frame) The Pound, which reached both its static and dynamic support levels two weeks ago, managed to make a relatively decent rebound. However, given the previous downward leg and the fact that the price is at the previous low zone, a full reversal is not expected at this moment.Main Scenario: Since the price reversal has occurred at an important level, it is expected that the price will move towards the 1.03517 zone this week. If this zone is broken, the price could continue towards the 1.34229 zone.Alternative Scenario: If the price begins to decline again from these

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Technical Analysis of the Pound – 2nd to 6th dec

Technical Analysis of the Pound – 2nd to 6th dec

Pound Analysis (Daily Time Frame) Despite a more than 1.2% increase in the pound last week, the price has failed to stabilize above the 1.2700 level, which may lead to a pullback towards the 1.2600 level. Therefore, in the short term, it appears crucial for GBP/USD to break above the 1.2700 level to continue its upward trend. Main Scenario:Consider selling positions from corrections below the 1.2834 level with targets at 1.2487 and 1.2345. Alternative Scenario:A breakout and stabilization above the 1.2773 level would allow the pair to continue its rise towards the 1.3043 and 1.31747 levels. Pound Analysis (4-Hour Time Frame)

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Technical Analysis of the Pound – 25th to 29th nov

Technical Analysis of the Pound – 25th to 29th nov

Pound Analysis (Daily Time Frame) The pound has dropped to its lowest level since May, reaching around $1.25. Currently, the pound has fallen by 1.25% against the U.S. dollar this week, and it has been another tough week for the pound. There is no reason to buy the pound at the moment, as the UK’s economic outlook continues to disappoint, and the Economic Surprise Index for the UK remains close to its lowest level since March. Main Scenario: Sell positions can be taken from price corrections around 1.27159, targeting 1.2305 and 1.20407. Alternative Scenario: If the price breaks and stabilizes above

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Technical Analysis of the Pound – 18th to 22th nov

Technical Analysis of the Pound – 18th to 22th nov

Pound Analysis (Daily Time Frame) The pound is in an upward trend on the weekly and daily timeframes, approaching the lower boundary of the ascending channel. Main Scenario: We expect an increase in price towards the 1.3009–1.2865 range. If the price fails to stabilize above this level, consider short positions from corrections below the 1.3017 level, targeting 1.2240 – 1.1900.Alternative Scenario: A breakout and stabilization above the 1.3017 level will allow the pair to continue rising towards the 1.3440 – 1.3800 levels. Pound Analysis (4-Hour Time Frame) A price decline towards the 1.2500 range is anticipated. Upon confirmation, it is possible

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Technical Analysis of the Pound – 11th to 15th nov

Technical Analysis of the Pound – 11th to 15th nov

Pound Analysis (Daily Time Frame) Main Scenario: If the 1.28359 support level holds, we expect the price to rise toward the 1.33089–1.32065 range.Alternative Scenario: If the 1.28342 support level is broken, the price may continue to decline toward 1.25942. Pound Analysis (4-Hour Time Frame) The price is currently in a range-bound consolidation. A breakout and stabilization from either side could provide an opportunity to enter buy or sell positions. Main Scenario: If the price breaks and stabilizes above 1.30716, we expect a price increase toward the 1.31789 range.Alternative Scenario: If the 1.28362 support level is broken, the price could decline further

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Technical Analysis of the Pound - 4th to 8th nov

Technical Analysis of the Pound – 4th to 8th nov

Pound Analysis (Daily Time Frame) Main Scenario: If the price remains below 1.3049, consider sell positions from corrections below this level with targets of 1.26130 – 1.25891.Alternative Scenario: A break and consolidation above the level of 1.3049 would allow the currency pair to rise to levels of 1.3440 – 1.32354. Pound Analysis (4-Hour Time Frame) In the 4-hour time frame, the Pound is in a downward trend, having re-entered a bearish phase after hitting the top of the descending channel. If the area of 1.29809 is maintained, the decline may continue to around 1.27176.If the price breaks and consolidates above 1.29809,

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Technical Analysis of the Pound - 28th oct to 1st nov

Technical Analysis of the Pound – 28th oct to 1st nov

Pound Analysis (Daily Time Frame) As mentioned in previous analyses, we anticipated a decline in the Pound to the area of 1.29200. Main Scenario:We expect the decline to continue to 1.28679, where buy trades can be tested to reach the target of 1.31275. If the resistance area holds, the next target for sell trades would be at 1.26082. Possible Scenario:Price could decline to 1.26151 and then rise again to 1.33034. Pound Analysis (4-Hour Time Frame) The Pound is within a downward channel. We foresee a potential price increase to the upper range of the downward channel. If this area holds, another

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