GBP USD breaches 19/11/2012
Economies.com
2012-11-19 05:39AM UTC
The pair was able to breach 1.5900 within this day and week opening, which opens the way for visiting the bearish correction channel resistance at 1.6020
In general, the bearish correction trend remains valid, as the trading remains below 1.6020; therefore we expect that the pair might move bullishly towards the mentioned level before confirming the next trend on the short term basis, pointing that breaching 1.5900 followed by 1.5800 will push the price strongly for more bearishness.
Expected trading range for this week is between: 1.5650 support and 1.6250 resistance.
Expected trend for today: Bullish temporarily, neutral at the mentioned resistance.
Forex and Currency News
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The USDCHF price touches the recent high – Forecast today - 25-04-2024
2024-04-25 04:07AM UTC
USDCHF Price Analysis The USDCHF price resumes its positive trading to test the recently ...
Forex
The NZDUSD price needs strong positive motive – Forecast today - 25-04-2024
2024-04-25 04:07AM UTC
NZDUSD Price Analysis The NZDUSD price fluctuates within sideways and tight track since ...
Forex
The AUDUSD price keeps its positive stability – Forecast today - 25-04-2024
2024-04-25 04:07AM UTC
AUDUSD Price Analysis The AUDUSD price attempted to break 0.6500$ level but it kept its ...