GBP/USD Chart: Trend & Entry Points
The GBP/USD pair, representing the British pound and U.S. dollar, is one of the most widely traded currency pairs in the forex market. Understanding the trend and identifying key entry points for trading the GBP/USD can be highly lucrative for forex traders. Whether you are a novice or an experienced trader, having a clear grasp of the GBP/USD chart and its trends is essential for making informed decisions. In this article, we will explore the trend of GBP/USD , its historical performance, and the best entry points for making profitable trades. Overview of GBP/USD Pair The GBP/USD pair is also known as "Cable," a term dating back to the 19th century when the exchange rates between the British pound and the U.S. dollar were transmitted across the Atlantic via telegraph cables. Today, GBP/USD remains one of the most popular currency pairs for traders and investors. The value of this pair is influenced by economic and political events in both the United Kingdom and the United ...