RBFX Support Posted Monday at 10:22 AM Author Report Share Posted Monday at 10:22 AM GBPUSD is poised to recover with a rebound The GBPUSD pair has halted its decline and is stabilising. The pound appears oversold. More details in our analysis for 21 October 2024. GBPUSD technical analysis The GBPUSD H4 chart shows that the market has completed a corrective wave, reaching 1.3070. A consolidation range is forming below this level today, 21 October 2024, with the potential to extend up to 1.3074. A decline and a breakout below the 1.3019 level will open the potential for further movement towards 1.2940, the first target. The GBPUSD pair has rebounded, taking advantage of the stabilising US dollar and market expectations. Read more - GBPUSD Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team Quote Link to comment Share on other sites More sharing options...
RBFX Support Posted 20 hours ago Author Report Share Posted 20 hours ago USDCHF: the franc is under pressure due to easing inflation The USDCHF rate slightly declines on Tuesday. More details in our analysis for 22 October 2024. USDCHF technical analysis The USDCHF H4 chart shows that the market has formed a consolidation range around 0.8637. The price is expected to break above the upper boundary of this range and rise to 0.8717 today, 22 October 2024. The USDCHF rate remains under pressure amid expectations of policy easing by the Swiss National Bank and the strength of the US dollar. Read more - USDCHF Forecast Attention! Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews. Sincerely, The RoboForex Team Quote Link to comment Share on other sites More sharing options...
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