Market Technical Analysis by RoboForex

[RoboForex Team]

GBPUSD is trapped by politics and the dollar’s reputation

The GBPUSD pair retreated to 1.3233, with political uncertainty weighing on the pound.

Technical outlook

On the H4 chart, the GBPUSD pair is experiencing a corrective recovery after falling sharply in the second half of June. The pair managed to move away from the local low around 1.3141 and rise to the 1.3230–1.3250 area, but it remains below the key resistance level at 1.3277.

The GBPUSD pair is entering a consolidation range due to mixed political signals and a strong outlook for the US dollar.

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

 

[RoboForex Team]

Solana is on the verge of a major shake-up

SOLUSD continues its upward trajectory today after a correction, with the price currently at 77.75.

Technical outlook

On the H4 chart, SOLUSD formed a Shooting Star reversal pattern near the upper Bollinger Band. At this stage, quotes may form a corrective wave following this signal, with the pullback target at the 75.50 support level.

Large players continue to support Solana, thereby driving further growth.

Read more - SOLUSD 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