GBP/USD - is one of the most popular currency pairs, ranking 3rd in terms of trading volume with a share of about 14%. It has relatively high volatility, high liquidity, no slippage, and narrow spreads. It is suitable for traders with higher-than-basic experience. Optimal strategies include swing trading and trading based on fundamental analysis. It is often used for algorithmic trading.
Traders Union offers daily GBP/USD analysis and signals provided by our analyst Anton Kharitonov. Additionally, on this page, you can access indicator-based weekly and monthly price forecasts, as well as an GBP/USD online Forex chart to keep track of the current trend.
Disclaimer:
This article does not contain recommendations for buying or selling currencies. The GBP/USD forecast and signals are made on the basis of independent assessments as of the moment. Please consider the risks when making an investment decision.
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Live GBP/USD pricePound to US Dollar
Traders Union offers daily GBP/USD analysis and signals, presented by the leading Forex analyst Anton Kharitonov, as well as other experienced analysts. The GBP/USD analysis is based on a combination of current fundamental data, news, and technical analysis, providing traders and investors with valuable and well-informed insights.
GBP/USD indicator-based signals are prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out GBP/USD signals.
NOTE!
Signals may differ on different timeframes. If you want to hold the GBP/USD for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.
Best Broker Recommended for Trading GBP/USD
Suitable for those who want to earn a profit from price fluctuations.
Best Broker Recommended for Holding GBP/USD
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Stay informed with Traders Union Forex signals, specifically designed for the most popular currency pairs. Discover the latest prospects of the market for these pairs, ensuring you are always up to date and well-prepared to make the most of your trading endeavors.
The following tools and instruments were used for making the prediction:
Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.
Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.
Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.
Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.
Expert opinions and consensus forecast.
NOTE!
This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.
This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.
Different trends have been observed on the chart at different times. For instance, from 2002 to 2007, the trend was mostly upward; from 2008 to 2009 it was downward. From 2009 to 2015, the trend remained in a sideways corridor. On shorter intervals, trend movements can be seen in both directions. For example, a strong downward trend was observed in 2021-2022.
The U.S. and U.K. central banks are interested in maintaining their currency’s price within a certain range. Thus, at different times, both upward and downward trends can be observed on the GBP/USD chart.
The GBP/USD currency pair falls under the majors, so you can implement various strategies. You can buy/sell on bounces from key levels and trend lines, open mirror trades within channels, scalping, and more.
It depends on the situation. You can use any indicator at your discretion: trend-following, channel indicators, oscillators, Price Action tools, etc.
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).
