Midday update for GBPUSD 16-05-2018
Economies.com
2018-05-16 09:28AM UTC
The GBPUSD pair pushes negatively on the key support 1.3490 now, which hints the price head to decline in the upcoming sessions, but we need to get a daily close below the mentioned level to confirm the continuation of the bearish trend towards our next target at 1.3226.
Therefore, we will continue with our neutrality until now, waiting to monitor the daily candlestick according to 1.3490 level to detect the next trend clearly.
Expected trading range for today is between 1.3380 support and 1.3590 resistance.
Expected trend for today: Neutral
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 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 ...