Midday update for GBPUSD 26-05-2017
Economies.com
2017-05-26 10:55AM UTC
The GBPUSD pair traded with clear negativity this morning to break the critical support at 1.2890 and settles below it, which provides signals for heading to the downside on the intraday basis, targeting testing 1.2720 levels before any new attempt to rise.
Therefore, the bearish bias will be preferred for the rest of the day unless stepping above 1.2890 level and holding above it again.
Expected trading range for today is between 1.2800 support and 1.2950 resistance.
Expected trend for today: Bearish for the rest of the day
Forex and Currency News
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
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 Technical Analysis
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...