Midday update for GBPUSD 26-08-2016
Economies.com
2016-08-26 10:51AM UTC
The GBPUSD pair is testing the minor bullish channel's support that appears on chart, while the EMA50 continues to provide the positive support to the price, which keeps the chances valid to resume the bullish bias for today, waiting to breach 1.3240 level to reinforce the expectations of extending the bullish wave towards 1.3525.
Therefore, we will keep our positive overview for the upcoming period unless breaking 1.3115 level and holding below it.
Expected trading range for today is between 1.3115 support and 1.3350 resistance.
Expected trend for today: Bullish
Forex and Currency News
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
Fed Chair: Driving down inflation towards target could take longer than expected
2024-04-16 20:10PM UTC
Fed Chair Jerome Powell said in a symposium earlier today that inflation has stiffened and held in ...
Forex Technical Analysis
Forex
The CADCHF takes advantage of the support line stability – Forecast today – 18-4-2024
2024-04-18 05:38AM UTC
CADCHF Price Analysis Expected Scenario The CADCHF takes advantage of the stability of ...
Forex
The EURJPY seeks an escape – Forecast today – 18-4-2024
2024-04-18 05:34AM UTC
EURJPY Pair Price Analysis Expected Scenario The EURJPY pair formed more bullish waves ...
Forex
The GBPJPY keeps the positivity – Forecast today – 18-4-2024
2024-04-18 05:33AM UTC
GBPJPY Pair Price Analysis Expected Scenario The GBPJPY pair's bullish track remains ...