GBPUSD under the negative pattern's effect – Analysis - 25-07-2016
Economies.com
2016-07-25 03:57AM UTC
The GBPUSD pair showed clear negative trading on last Friday and attempted to break 1.3100 barrier without managing to hold below it, to show some slight bullish bias affected by stochastic positivity, while the EMA50 continues to form negative pressure against the intraday trading.
In general, we will continue to suggest the bearish trend in the upcoming period as long as the price is below 1.3225, as the price is affected by the completion of the head and shoulders' pattern that appears on chart, which targets 1.2910 followed by 1.2825 areas mainly.
Expected trading range for today is between 1.2910 support and 1.3225 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex
Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...