technical articles

gbp-analysis

GBP

Technical Analysis of the Pound – 21th to 25th oct

Pound Analysis (Daily Time Frame) The pound has changed its nature, breaking down from its upward range. We expect a price increase to the 1.31778 level. However, if the price fails to surpass the 1.32666 level, a decline to 1.26084 is anticipated. Main Scenario: Consider buy positions from corrections above the 1.2920 level with targets at 1.3600 – 1.3800. Alternative Scenario: A break and stabilization below the 1.2920 level would allow the currency pair to drop to the 1.2600 – 1.2288 levels. Pound Analysis (4-Hour Time Frame) The pound has reached a support zone, and we expect a price increase to

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gbp

Technical Analysis of the Pound – 14th to 18th oct

Pound Analysis (Daily Time Frame) In the daily time frame, after breaking the 1.10023 area and experiencing a price drop, the Euro entered a daily rejection block with a potential reaction and price increase to the range of 1.10459–1.10847. If the price is rejected from this area, a drop to 1.8518 is expected. The green highlighted areas are valuable for Euro buy trades. Pound Analysis (4-Hour Time Frame) In the 4-hour chart, the price has dropped below the 200-period simple moving average at 1.1020. From a technical perspective, the support level of 1.0900 has so far prevented further declines. If this

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gbp

Technical Analysis of the Pound – 7th to 11th oct

Pound Analysis (Daily Time Frame) On the daily timeframe, the pound is in an upward channel. After hitting the weekly rejection block, the market has become indecisive. We expect a reaction and price increase from this level to the 1.333 area. If the price breaks and stabilizes below the 1.30008 area, we anticipate a decline to the 1.28334 area. The green areas are valuable for buy trades to reach targets of 1.33200, 1.36278, and 1.37994. Pound Analysis (4-Hour Time Frame) The pound’s trend on the 4-hour timeframe is upward, but after a deep correction, it has shown downward momentum. We expect

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Technical Analysis of the Pound - sep 30th to oct 4th

Technical Analysis of the Pound – sep 30th to oct 4th

Pound Analysis (Daily Time Frame) GBP is trading within an ascending channel on the daily time frame, continuing its strong upward trend and approaching the weekly flip zone. The 1.321 and 1.30 levels are valuable areas for buy positions.  The 1.36 and 1.38 levels are key zones for sell trades. Pound Analysis (4-Hour Time Frame) In the 4-hour time frame, GBP remains in an uptrend. The liquidity above has been swept, and the price is pulling back toward the 1.33 area. If this level breaks, a further drop to 1.32 is possible.  The green zones represent valuable buy areas for GBP.

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gbp-23-27-september

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

Pound Analysis (Daily Time Frame) The British pound is in an upward trend on both the daily and weekly time frames, continuing its growth following last week’s fundamental news. On the daily chart, after breaking and consolidating above previous swing highs, further price increases are expected toward the monthly order block. Potential rejection and price decline are anticipated around the 1.33, 1.34, and 1.35 zones, which are valuable areas for sell positions. If the price reaches the 1.32 and 1.31 zones, these levels offer opportunities to test buy trades, as they may present support and potential for upward movement. Pound Analysis

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gbp-16-20-september

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

GBP Technical Analysis – Daily Timeframe In the daily timeframe, the pound is trading within an ascending channel and has encountered a price correction upon reaching the upper boundary of the daily channel, around the $1.325 price level. The demand order block near the $1.28 price level can be considered as a support area. GBP Technical Analysis – 1-Hour Timeframe In the 1-hour timeframe, the pound is oscillating within a descending channel, and upon reaching the upper boundary of the channel, we can observe a reduction in buying strength and weakness in the upward trend. As shown in the image, the

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gbp-9-13-september

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

GBP Technical Analysis – Daily Timeframe In the daily timeframe, the pound has reached the upper boundary of its ascending channel and has begun a price correction upon encountering this level. GBP Technical Analysis – 1-Hour Timeframe In the 1-hour timeframe, the pound is oscillating within a range box, navigating between the supply and demand zones. As long as neither of these supply or demand levels is broken, the price of the pound remains confined within this box.

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gbp-2-6-september

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

GBP Technical Analysis – Daily Timeframe In the daily timeframe, the pound is oscillating within an ascending channel and has shown positive reactions at the midline of the channel, as indicated. The higher highs and higher lows reflect a strong upward trend in this pair. If the pound continues its upward movement, the upper boundary of the daily channel can be considered a long-term target. GBP Technical Analysis – 4-Hour Timeframe In the 4-hour timeframe, the pound, after a strong upward movement last week, has reached the resistance level at the upper boundary of the ascending channel and has undergone a

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gbp-26-30-august

Technical Analysis of the Pound – August 26th to 30th

GBP Technical Analysis – Daily Timeframe The GBP/USD currency pair, in the daily timeframe, displays a distinct pattern of an upward trend within an ascending channel. The break of the midline of the channel and the continuation of the upward movement indicate the strong momentum of the current bullish trend. If the 1.37 level is decisively broken with an increase in trading volume, it can be expected that the upward trend will continue with greater intensity. The next price targets may be determined based on Fibonacci levels or historical resistance levels. However, if selling pressure increases and the price falls below

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