GBP USD breaches strongly 26/11/2012
Economies.com
2012-11-26 05:40AM UTC
The pair achieved solid breach to the bearish correction channel resistance and settled with daily and weekly close above it, to offer positive signals for the attempts of stopping the correction mentioned in our previous reports.
Therefore, we expect continuation in the bullish bias for this week and the main targets begin by attacking 1.6115 to confirm more bullishness towards 1.6310, we need to be aware that breaching 1.5985 will turn the price back to the bearish correction trend again.
Expected trading range for this week is between: 1.5900 support and 1.6310 resistance.
Expected trend for this week: Bullish
Forex and Currency News
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
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 Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The EURUSD price forecast update - 25-04-2024
2024-04-25 09:42AM UTC
The EURUSD price trades positively to attack 1.0715$ level and attempts to confirm breaching it, to ...