Bearish bias in GBPUSD
GBPUSD
The GBPUSD session concluded at a price of 1.348510. During the preceding 48-hour period, the price action recorded a bullish increase of 0.62%.
Historical scanning identified 60 instances of similar price behavior. Out of these sessions, 67% finished with a bearish bias, aligning with the current downside outlook.
The average gain for the bullish outcomes stood at 0.14%, while the average loss during bearish movements reached -0.24%. Across all 60 identified sessions, the average result was a decline of -0.11%.
A sample size of 60 sessions provides a descriptive foundation for evaluating the consistency of this bearish trend. This frequency suggests that the resulting average move is based on a recurring market behavior observed over multiple market cycles.
The numbers
| Symbol | Last | 48h move | Setups | Bullish | Bearish | Avg. next 20h |
|---|---|---|---|---|---|---|
| GBPUSD | 1.34851 | 0.62 % | 60 | 20 | 40 | -0.11 % |
This is not financial advice. It is an indicator based on statistics from historical data.