GBP/USD is currently positioned at approximately 1.3560–1.3570, having declined from the late-January high close to 1.3850, and is now resting on the critical decision zone between 1.3520 and 1.3500. The band corresponds with the lower boundary of the ascending channel that has directed price upward since November, the local support level from late December/early January … Read more
GBP/USD is currently positioned at approximately 1.3490, having struggled to break through the 1.3530–1.3550 range. Nonetheless, the market continues to exhibit a clearly defined upward trajectory. The price is fluctuating between 1.3485 and 1.3490 following a peak in Asia around 1.3510 and a slight decline in Europe. Nevertheless, the pair continues to operate within a … Read more
GBP/USD is currently positioned at $1.3501, maintaining Wednesday’s closing level as we approach the December 25 holiday, while adhering to a clear ascending channel that has been instrumental in the uptrend since late November. The US Dollar Index, currently around 97.95, is confined within a descending channel that has restricted every upward movement since mid-November. … Read more