The GBPSEK repeats postponing the rise – Analysis – 11-8-2022
Economies.com
2022-08-11 05:40AM UTC
The GBPSEK pair still affected by the negative pressures by settling below 12.3500 barrier, in addition to stochastic negative momentum signals, to force it to postpone the bullish attack and form negative fluctuation by settling near 12.2800.
These factors allow us to suggest more negative trades to attempt to reach 12.1605 followed by testing the bullish channel’s support line at 11.9800.
The expected trading range for today is between 12.3220 and 12.1605
The expected trend for today: Bearish temporarily
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
Forex
The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...