GBP USD attempts to build support base – Analysis - 28/07/2015
Economies.com
2015-07-28 05:03AM UTC
The GBPUSD pair breached 1.5555 level and settled above it, to build intraday support base that reinforces our expectations to rise in the upcoming period, waiting to head towards 1.5645 level as a next main station.
The EMA50 offers positive support now, while stochastic forms negative factor that blocks the rising mission, but, in general, we will continue to suggest the bullish trend in the upcoming sessions unless breaking 1.5470 level and holding below it, noting that breaching 1.5645 level will extend the bullish wave to reach 1.5750 followed by 1.5925 levels.
Expected trading range for today is between 1.5470 support and 1.5700 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...