GBP USD approaches the first target – Analysis - 29/07/2015
Economies.com
2015-07-29 04:13AM UTC
The GBPUSD pair crawls gradually to the upside to approach from 1.5645 level, as the EMA50 continues to support the price from below, which encourages us to expect breaching the targeted level to extend our positive targets towards 1.5750.
In general, the bullish bias will remain suggested in the upcoming period as long as the price is above 1.5470, noting that breaching 1.5750 level will offer strong positive motive that will bring the price back to the main bullish track.
Expected trading range for today is between 1.5500 support and 1.5750 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
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 Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
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, ...