In our detailed GBP/USD technical analysis, the currency pair has recently encountered a critical juncture, marked by a rejection of the 0.618 Fibonacci retracement with a high-test candle on the…
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GBP/USD - Technical Analysis
We publish our technical analysis for GBP/USD currency pair when we see technical changes in the charts. We focus on breakouts, technical patterns, key support, and resistance levels, combined with a trend/wave-based analysis.
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GBP/USD Technical Analysis, the pair formed a low-test rejecting resistance
Technical analysis for GBP/USD, the pair formed a low-test pattern on the weekly and the daily charts, rejecting the 2020 low, signaling the begging of a bounce. The first target…
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GBP/USD Technical Analysis, the price formed Head and Shoulder pattern
Technical analysis for GBP/USD, the price reached the second target for the bearish wave on the monthly chart, the 1.618 FIB extension around 1.1990-1.2000, and bounced from it, starting a…
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GBP/USD Technical Analysis, the pair formed Head & Shoulders pattern
Technical analysis for GBP/USD, the pair reached the previous daily high and the 0.382 FIB retracement on the weekly chart at 1.2600 and formed a Head & Shoulders pattern on…
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GBP/USD Technical Analysis, the pair broke below a descending triangle
Technical analysis for the GBP/USD, the price broke below a descending triangle on the daily chart. This breakout accelerated the decline toward the second target of the bearish wave on…
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GBP/USD Technical Analysis, the pair started a pullback
Technical analysis for the GBP/USD, the pair has completed the latest bearish run on the daily chart and hit the second target of that run, the 1.618 FIB extension at…
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GBP/USD Technical Analysis, the pair broke down on the daily chart
Technical analysis for the GBP/USD, the pair broke below the daily low at 1.3358, resuming the bearish trend. The first target of this bearish breakout is the 1.272 FIB extension…
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GBP/USD Technical Analysis, the pair formed a potential lower high on the daily chart
Technical analysis for the GBP/USD, the pair reached 0.618 FIB retracement on the daily chart at 1.3600 and rejected it with bearish engulfing candle forming a lower high. If the…
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GBP/USD Technical Analysis, low-test candle on the weekly chart, signal for a pullback
Technical analysis for the GBP/USD, the pair close the week with a low-test candle on the weekly chart. The price bounced from 0.500 and 0.386 FIB retracements on the monthly…
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GBP/USD Technical analysis, the pair reached an important resistance area
Technical analysis for the GBP/USD, the pair reached an important resistance area, descending trend line and the previous daily high at 1.3751. If the GBP/USD close above the descending trend…
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GBP/USD Technical analysis, the pair reached the first target of the daily bearish wave
Technical analysis for GBP/USD, the pair reached the first target of the bearish daily wave at 1.272 FIB extension at 1.3410, which was close to the 0.500 FIB retracement on…
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GBP/USD Technical analysis, the pair closed the week with a bullish engulfing candle, resuming the bullish trend
Technical analysis for the GBP/USD, the pair closed the week with a bullish engulfing candle on the weekly chart, breaking above the previous daily high, resuming the bullish trend. The…
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