FUND Buy 14.05.2021 12:28
GBP/USD: COVID-19 incidence pressures the rate
This week, the pair GBP/USD had ambiguous dynamics.
FUND Buy 13.05.2021 08:48
GBP/USD: correction amid rising inflation in the US
The pair GBP/USD is showing ambiguous dynamics, trading at 1.4060.
FUND Buy 12.05.2021 09:41
GBP/USD: moving to February highs
GBP hit 1.4140 this week amid risk appetite and general weakness in USD following Friday's employment report.
TECH Sell 11.05.2021 07:40
GBP/USD: wave analysis
The pair is in a correction and may grow.
On the daily chart, the first wave of the higher level (1) developed, and a downward correction forms as the wave (2). Now, the wave A of (2) has formed, and the development of the wave B of 2 is ending, within which the formation of the wave c of B is ending. If the assumption is correct, after the end of the correction, the pair will fall to the levels of 1.3573–1.3453. In this scenario, critical stop loss level is 1.4242.
FUND Buy 06.05.2021 08:30
GBP/USD: consolidation pending new drivers
GBP is trading with ambiguous dynamics during today's morning session, consolidating near 1.3900 and waiting for new drivers to appear on the market.