GBPUSD heads towards the resistance – Analysis - 23-07-2018
Economies.com
2018-07-23 04:03AM UTC
The GBPUSD pair continued to rise to settle above the minor bearish channel’s resistance that appears on the chart, and as we mentioned in our last technical update, the price turns to rise on the intraday basis, on its way to test the key resistance 1.3226 before turning back to decline again.
Therefore, the bullish bias will be suggested temporarily for today, noting that breaching the targeted level will extend the pair’s gains on the short term basis to reach 1.3490, while breaking 1.3080 represents the key to return to the bearish track and stop the expected rise for today.
Expected trading range for today is between 1.3040 support and 1.3226 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The EURJPY threats the support – Forecast today – 3-5-2024
2024-05-03 07:07AM UTC
Scenarios Scenario 1: Potential for Positive Momentum EURJPY pair unable to shake off negative ...
Forex
The GBPJPY fluctuates near the support – Forecast today – 3-5-2024
2024-05-03 07:06AM UTC
Scenarios Scenario 1: Activation of Bullish Momentum GBPJPY pair forms new negative waves, ...
Forex
The USDCHF price begins the bearish correction – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line clearly ...