GBPUSD 24.02.2026 It seems to me that the GBPUSD pair is slightly ahead of the EURUSD. I just reviewed the euro and mentioned that the moving averages are starting to cross, but the signal cannot be considered yet. Meanwhile, there is already a sell signal on the pound based on the daily timeframe.
On the first chart, I decided to mark all the signals based on the moving averages on the daily timeframe recently. Currently, there is a new sell signal, let's call it "No. 3". I needed to mark the other signals to see how the market reacted to them and whether it is worth trusting the current one. The market fully responded to the two previous sell signals (red No. 1 and No. 2). This is despite the overall long-term growth we had. However, the green signal No. 1 was not immediately responded to by the market, only through a stop-loss. There are no complaints about the green signal No. 2, everything is fine here. What conclusion should be drawn? The current red signal No. 3 must not be distrusted. If the moving averages signals work in both directions, then the current one should not be dismissed either; it also has every right to be fulfilled. But today we will not discuss the goals of this signal, but rather the local scenario, which is also downward. However, we see that the quotes have encountered support at the 50% Fibonacci retracement level (1.34383).
On the second chart, I showed my expectations for the local movement. Primarily, I expect the target range of 1.33811-1.33598 to be reached. This can happen either in the blue scenario or in the orange one through a pullback to the level of 1.35553.
