GBPUSD keeps its positive stability – Analysis - 21-03-2017
Economies.com
2017-03-21 05:16AM UTC
The GBPUSD pair returned to test 1.2339 level and kept its stability above this level, where the EMA50 meets this level to strengthen it, while stochastic reaches the oversold levels on the four hours’ time frame.
Therefore, these factors encourage us to keep our bullish trend expectations in the upcoming period, and the main waited target located at 1.2550, being aware that breaking 1.2339 will push the price to trade negatively and targeting levels begin at 1.2135 and extend to 1.1997.
Expected trading range for today is between 1.2300 support and 1.2500 resistance.
Expected trend for today: Bullish
Forex and Currency News
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
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 Technical Analysis
Forex
The GBPUSD forecast update 24-04-2024
2024-04-24 09:29AM UTC
The GBPUSD price shows negative trades to head towards testing the key support 1.2385$, which ...
Forex
The EURUSD price forecast update - 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios The EURUSD price begins to rebound bearishly after testing ...
Forex
The CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...