Overview: The daily pivot point is seen at the price of 0.2780. The GBP/USD pair hit the weekly support levels of 0.2780 and 0.2722 last week. Thus, it dropped down in order to bottom at the point of 1.2780. Today, the pair is trading below its pivot point (1.2780). It is likely to trade in […]
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Analysis of wave counting: During the trades on June 11, the GBP/USD pair lost about 70 basis points from the day’s high. and began, thus, the construction of wave b in the composition of the future wave 2 of the downward trend section. If this assumption is true, then the decline in quotations will continue […]
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Overview: Currently price is seen at the level of 1.3289. The GBP/USD pair continues to move downwards from the areas of 1.3289 and 1.3203. The pair dropped from the level of 1.3289 to 1.3203. The price was rebounded from the bottm of 1.3203 to close at 1.3342. Today, the resistance is seen at the levels […]
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Overview: The GBP/USD pair continues to move downwards from the areas of 1.3289 and 1.3203. Yesterday, the pair dropped from the level of 1.3289 to 1.3203. The price was rebounded from the bottm of 1.3203 to close at 1.3246. Today, the resistance is seen at the levels of 1.3289 and 1.3342. So, we expect the […]
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