GBPUSD awaits the confirmation signal – Analysis - 17-07-2018
Economies.com
2018-07-17 02:50AM UTC
The GBPUSD pair approached 1.3300 barrier yesterday but it bounced bearishly to settle around 1.3226 support, which makes us continue with our neutrality until the price confirms surpassing one of the key levels represented by the mentioned support and 1.3350 resistance to detect the next targets clearly.
We remind you that breaking the mentioned support will press the price to resume the bearish track that its main targets begin at 1.3155 and extend to 1.2962, while breaching the resistance will lead the price to achieve positive targets that reach 1.3490 on the near term basis.
Expected trading range for today is between 1.3130 support and 1.3330 resistance.
Expected trend for today: Depends on the above mentioned levels
Forex and Currency News
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex
Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 23-04-2024
2024-04-23 11:05AM UTC
The GBPUSD price tested the key resistance 1.2385$ and bounced bearishly from there, to keep the ...
Forex
The EURUSD price forecast update - 23-04-2024
2024-04-23 11:05AM UTC
The EURUSD price shows sideways trades since morning, and continues to fluctuate around the EMA50, ...
Forex
The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...