FX.co ★ Daily Forex Analytics. Forecast of the currency exchange rate for today

The British pound is trading around 1.2546 after a sharp decline from the 4/8 Murray zone towards the psychological level of 1.25. The GBP/USD pair is moving within a symmetrical...

According to the H4 chart, on February 4, the British pound reached the extremely oversold zone. It is likely to continue to bounce in the coming days which could...

Early in the American session, GBP/USD is trading at 1.2690, below 0/8 Murray, and within a downtrend channel forming since December 27. The British pound is bouncing after hitting...

According to the eagle indicator, the outlook for the British pound is bullish, but for this trend to continue, we can expect GBP/USD to trade above 1.2770. Then, it could...

Early in the American session the British pound (GBP/USD) is trading around 1.2639, below the 21 SMA and below 8/8 Murray. On the H4 chart we can see that...

The H1 chart shows that the British pound opened with a bearish gap of around 1.2682 and is likely to rise and cover the gap in the coming hours...

According to the 1-hour chart, we can see that the British pound reached the overbought zone. So, a technical correction is expected below 1.28 or below...

Our trading plan for the next hours is to buy at the current price level of 1.2695 with the target at 1.2760 or sell below this zone in case...

Our trading plan for the next hours is to buy the pound above 1.2695 or in case there is a pullback towards 1.2655. It will be considered a buying opportunity...

On the contrary, as long as the pound trades above 1.2211 (4/8 Murray and 21 SMA), it is likely to continue its rise and reach 5/8 Murray at 1.2329...