GBPUSD attempts positively – Analysis - 18-05-2017
Economies.com
2017-05-18 04:20AM UTC
The GBPUSD pair resumed its positive trading yesterday after getting positive momentum that came from stochastic, to test the recorded top this month at 1.2987, and the price needs to breach this level to confirm the continuation of the bullish trend on the intraday and short term basis then visiting our next main target that located at 1.3100.
In general, we keep preferring the bullish trend unless breaking 1.2890 level and holding below it, pointing that the EMA50 keeps providing support for the suggested bullish wave.
Expected trading range for today is between 1.2890 support and 1.3100 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex Technical Analysis
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...
Forex
The EURJPY faces the negative pressures – Forecast today – 19-4-2024
2024-04-19 08:16AM UTC
EURJPY Pair Analysis Expected Scenario Despite strong negative pressures this morning due ...
Forex
The GBPJPY holds above the support – Forecast today – 19-4-2024
2024-04-19 08:15AM UTC
GBPJPY Pair Analysis Expected Scenario The GBPJPY pair experienced sudden negative ...