British Pound can little grow and then drop to buyer zoneHello traders, I want share with you my opinion about British Pound. If we look at the chart, we can see how the price started to grow inside an upward channel, where it at once broke the 1.3280 level. In the channel, it rose to the resistance level, which coincided with the seller zone, after which
Key stats
About British Pound
GBPUSD, often referred to as “The Cable”, a foreign exchange term used to describe the British pound vs the US dollar, is one of the oldest traded currency pairs. In July of 1866, after an earlier failed attempt, the first reliable exchange rate between the British pound and the US dollar was transmitted between the London and New York Exchanges. Optic fibre cables accompanied by satellites handle the Transatlantic communications today.
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GBPUSD: Reached a clear zone, watching for reversal cluesThe market has recently pushed upwards with momentum.
What we’re looking at here is a leg started with a beautiful initial rejection, the kind I love trading and forecasted previously:
Price is now reaching a clear level that might provoke a small term reaction.
And when price finds its feet in
GBPUSD: Structure AnalysisGBPUSD: Structure Analysis
GBPUSD reached a strong structural resistance area near 1.3590.
In two weeks, GBPUSD rose by almost +450 after the BOE cut interest rates.
However, GBPUSD also rose because the US is expected to cut rates after the BOE cut rates.
As we can see for the same news, the mar
GBPUSD: Complete Support & Resistance Analysis 🇬🇧🇺🇸
Here is my latest structure analysis for GBPUSD.
Resistance 1: 1.3577 - 1.3590 area
Resistance 2: 1.3657 - 1.3705 area
Resistance 3: 1.3745 - 1.3790 area
Support 1: 1.3450 - 1.3480 area
Support 2: 1.3400 - 1.3430 area
Support 3: 1.3300 - 1.3330 area
Support 4: 1.3140 - 1.3174 area
Consider the
Cable & Fibre!So, generally I'm happy with the way the market is going. Though a little bit uncertain about how high it wants to go before it resumes its downward spiral, things are going good so far.
Looking at Cable, on an hourly chart, we see that between 06:00 am and 08:00 am (New York Time), there is FVG fo
GBPUSD Reached on Resistance Suggesting Downside PhaseGBPUSD has recently pushed higher with momentum Price is now approaching a clear resistance zone, showing an initial rejection from that level. If the rejection strengthens at the current top resistance, we could see a short-term pullback toward 1.34000. This would be a healthy retracement before an
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of British Pound (GBP) is 1.35454 USD — it has risen 0.01% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing GBP price chart.
British Pound price has risen by 0.68% over the last week, its month performance shows a 1.02% increase, and as for the last year, British Pound has increased by 5.37%. See more dynamics on GBP price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
British Pound (GBP) reached its highest price on May 18, 2021 — it amounted to 1.56014 USD. Find more insights on the GBP price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
British Pound (GBP) reached the lowest price of 1.03901 USD on Sep 26, 2022. View more British Pound dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying GBP is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade GBP right from TradingView charts — just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for British Pound (GBP): today its technical analysis shows the buy signal, and according to the 1 week rating GBP shows the strong buy signal. And you'd better dig deeper and study 1 month rating too — it's buy. Find inspiration in British Pound trading ideas and keep track of what's moving crypto markets with our crypto news feed.
British Pound (GBP) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, British Pound is estimated as 0.14% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about British Pound, you can find more inspiration in our curated watchlists.
You can discuss British Pound (GBP) with other users in our public chats, Minds or in the comments to Ideas.