GBP/USD Price Analysis: The day ahead and initial balance have something for both bulls and bears

Australia News News

GBP/USD Price Analysis: The day ahead and initial balance have something for both bulls and bears
Australia Latest News,Australia Headlines
  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 72%

GBP/USD Price Analysis: The day ahead and initial balance has somehthing for both bulls and bears GBPUSD Technical Analysis

GBP/USD prior analysis

''A bullish close on the day will be giving us three bullish closes in a row and leaves the risk of another sell-off on Friday:''is on the backside of the trend now. The bears are in play and there are prospects of a continuation towards 1.1950 with the -272% Fibonacci aligned at that juncture that meets the prior structure looking left. Further down we have the bottom of the new 100 pip box at 1.1900 and 1.1800 there after that meets a -61.8% Fibo.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in US

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GBP/USD: Weekly Forecast 12th February - 18th FebruaryGBP/USD: Weekly Forecast 12th February - 18th FebruaryThe GBP/USD traded slightly below the 1.19600 ratios last Tuesday and then began a reversal higher and came within the 1.21920 vicinities on Thursday.
Read more »

GBP/USD declines towards 1.2000 as Fed’s higher interest rate concerns strengthenGBP/USD declines towards 1.2000 as Fed’s higher interest rate concerns strengthenThe GBP/USD pair is displaying a sideways action around 1.2050 in the early Asian session. The Cable is expected to display further downside as the od
Read more »

Cardano (ADA) Price Analysis for February 11Cardano (ADA) Price Analysis for February 11Can the rate of ADA remain above $0.36 until the end of the week? CardanoStiftung ADAcoin_ Cardano cardano Cardano_ emurgo_io CardanoCommunity
Read more »

XRP Price Analysis for February 11XRP Price Analysis for February 11Can one expect XRP to bounce back soon? pYoyo ANT159694954 nuonrg WillyWonkaXRP RippleXrpie
Read more »

Bitcoin (BTC) Price Analysis for February 12Bitcoin (BTC) Price Analysis for February 12Can BTC return to $22,000 next week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda maxkeiser Rager
Read more »

SHIB Price Analysis for February 12SHIB Price Analysis for February 12Can SHIB keep rising against the fall of other coins?
Read more »



Render Time: 2025-02-25 05:29:48