Midday update for GBPUSD 08-11-2017
Economies.com
2017-11-08 10:44AM UTC
The GBPUSD pair shows some slight bearish bias on its way to test 1.3096 level, and the sideways range still dominating the intraday trading between the mentioned support and 1.3295 resistance, waiting to surpass one of these levels to detect the next destination clearly.
Stochastic and the EMA50 current negativity supports the chances of continuing the decline in the upcoming sessions, while the details of the expected targets after breaching the sideways range are explained in our morning report.
Expected trading range for today is between 1.3070 support and 1.3295 resistance.
Expected trend for today: Sideways
Forex and Currency News
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
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 Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...