GPB,USD Morning Technical Report 6/10/2015
ecPulse
2015-10-06 10:07AM UTC
The pair has been limited below 1.5165 during the Asian session after failing to stabilize above 1.5220 with a four-hour closing and now, GBPUSD trades below moving averages.
In the interim, GBPUSD started to move below the previous low, while RSI stabilizes below 50.00 levels and that reflects weakness in the trend.
As far as 1.5220 holds, we will be bearish and a break below 1.5100 will affirm and accelerate, targeting 1.5230 where 127.2% Fibonacci exists.
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 EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...
Forex
The EURJPY tests the major support – Forecast today – 2-5-2024
2024-05-02 08:09AM UTC