Midday update for GBPUSD 21-03-2017
Economies.com
2017-03-21 11:14AM UTC
The GBPUSD pair rallied higher strongly after testing 1.2339 level this morning, supported by the positive signal that comes from stochastic on the four hours time frame, to reinforce the continuation of the bullish trend scenario on the intraday and short term basis, waiting for testing 1.2550 level initially.
The EMA50 provides continuous support for the suggested bullish wave, conditioned by holding above 1.2339 level.
Expected trading range for today is between 1.2300 support and 1.2500 resistance.
Expected trend for today: Bullish
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 ...