website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast British Pound / US Dollar technical chart
Symbol GBPUSD

Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (1.21886 to 1.20000). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

We would set buy orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (1.21886)
  • Ending of entry zone (1.20000)

DateJune 25, 2022 - 13:15
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 1.20000, beginning of uptrend is expected.
  • We make sure when the resistance at 1.29757 breaks.
  • If the support at 1.20000 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
  • A trough is formed in daily chart at 1.19335 on 06/14/2022, so more gains to resistance(s) 1.24122, 1.26340, 1.28201 and maximum to Major Resistance (1.29757) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 44.

Take Profits:

  1. 1.24122
  2. 1.26340
  3. 1.29757
  4. 1.31600
  5. 1.33600
  6. 1.36420
  7. 1.38330
  8. 1.45650
  9. 1.48250
Click on the level to view price action history.

Symbol Released Current Forecast
British Pound / US Dollar (GBPUSD) Sat, 23 Mar 2024
British Pound / US Dollar (GBPUSD) free Sun, 17 Mar 2024
British Pound / US Dollar (GBPUSD) free Sat, 9 Mar 2024
British Pound / US Dollar (GBPUSD) Sat, 2 Mar 2024
British Pound / US Dollar (GBPUSD) free Sun, 25 Feb 2024