📈 GBP/USD Pair Analysis – Monday, July 7, 2025
1️⃣ The pair is moving within an ascending price channel, indicating a continued positive trend in the medium term.
2️⃣ Strong demand areas have been identified on the larger time frames, which are expected to support the price in the event of a decline to these areas.
3️⃣ The MACD indicator is oversold, increasing the possibility of a rebound and upward movement from the current or nearby areas.
📌 Summary and Recommendations:
🔹 General Trend: Upward
🔸 The price is currently making a temporary downward correction.
✅ We expect the pair to rise again towards the upper limit of the price channel, provided it holds above the specified demand areas.
1️⃣ The pair is moving within an ascending price channel, indicating a continued positive trend in the medium term.
2️⃣ Strong demand areas have been identified on the larger time frames, which are expected to support the price in the event of a decline to these areas.
3️⃣ The MACD indicator is oversold, increasing the possibility of a rebound and upward movement from the current or nearby areas.
📌 Summary and Recommendations:
🔹 General Trend: Upward
🔸 The price is currently making a temporary downward correction.
✅ We expect the pair to rise again towards the upper limit of the price channel, provided it holds above the specified demand areas.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.