GBPUSD heads towards the resistance – Analysis - 17-11-2017
Economies.com
2017-11-17 04:26AM UTC
The GBPUSD pair provides positive trading and heads towards testing the sideways range resistance at 1.3295, noting that stochastic loses its bullish momentum, which might push the price to decline after testing the mentioned resistance.
In general, the sideways range still dominant on the intraday trading until the price manages to surpass one of its lines represented by 1.3096 support and 1.3295 resistance, reminding you that breaching this resistance will extend the pair's gains to reach 1.3419 followed by 1.3618 as next main stations, while breaking the support will push the price to test 1.2973 direct.
Expected trading range for today is between 1.3130 support and 1.3330 resistance.
Expected trend for today: Sideways
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...
Forex
The EURJPY achieves the second target – Forecast today – 26-4-2024
2024-04-26 06:47AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair formed new bullish rally ...
Forex
The GBPJPY records big gains – Forecast today – 26-4-2024
2024-04-26 06:46AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair succeeded to keep the bullish ...