GBP/USD Forecast. Correction development is expected to continue

Posted 04 August, 2022

For the pair under consideration, the situation remains within the expected range. After rapid growth, there was a rollback and the price stood up, without deciding what to do next. Probably, these torments will continue further, which means that it is hardly worth expecting any directed movement.

At the same time, an insignificant margin of movement in the downward direction remains, but it is too risky to open new sell trades and in the current situation, the best solution would be to remain an outside observer and to secure previously opened sell trades by moving the stop loss order to the breakeven zone.

 

Previous forecast

04 August, 2022 10:12

← Forecast EUR/USD. The price wants to go down, but buyers are still holding the line

The price slipped from the local maximum to the previously formed local minimum.

Forecast EUR/USD. The price wants to go down, but buyers are still holding the line

Next forecast

02 August, 2022 09:14

Oil price forecast. Brent tries to stay in the 100 area →

Brent oil prices went down yesterday, and today there is a question of maintaining the level of 100 dollars per barrel.

Oil price forecast. Brent tries to stay in the 100 area
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