Midday update for GBP USD 08/02/2016
Economies.com
2016-02-08 11:35AM UTC
The GBPUSD pair hovers near 1.4515 level since morning, while stochastic heads to the upside to provide an intraday positive motive that we wait to push the price to resume the bullish bias.
Therefore, we will keep our positive expectations for today if the price settled above 1.4440 level, reminding you that our main waited target at 1.4785 that represents 38.2% Fibonacci correction level for the decline that measured from 1.5928 to 1.4078.
Expected trading range for today is between 1.4440 support and 1.4650 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex
Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...
Forex Technical Analysis
Forex
The NZDUSD price declines again – Forecast today - 19-04-2024
2024-04-19 04:20AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price couldn’t manage to hold ...
Forex
The AUDUSD price breaks the support – Forecast today - 19-04-2024
2024-04-19 04:20AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price ended yesterday negatively, and ...
Forex
The USDCAD price finds solid support – Forecast today - 19-04-2024
2024-04-19 04:20AM UTC
USDCAD Price Analysis The USDCAD price found solid support at 23.6% Fibonacci correction level ...