GBP USD continues with the fluctuations 16/11/2012
Economies.com
2012-11-16 06:00AM UTC
The pair moved in sideways range yesterday, and it still stuck between 50% and 61.8% Fibonacci correction levels shown at the image, while the general bearish bias will be preferred for today, and the main target located at 1.5800, reminding you that monitoring the price at this level is required according to it’s sensitivity.
Note that breaching 1.5900 will push the price to turn the intraday trading towards the upside.
Expected trading range for today is between: 1.5700 support and 1.6000 resistance.
Expected trend for today: Bearish
Forex and Currency News
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
Dollar moves in a positive zone as US treasury yields gian ground
2024-04-22 11:41AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, resuming movements in the ...
Forex
Euro gains ground and heads for $1.07
2024-04-22 07:45AM UTC
Euro rose in European trade on Monday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 23-04-2024
2024-04-23 11:05AM UTC
The GBPUSD price tested the key resistance 1.2385$ and bounced bearishly from there, to keep the ...
Forex
The EURUSD price forecast update - 23-04-2024
2024-04-23 11:05AM UTC
The EURUSD price shows sideways trades since morning, and continues to fluctuate around the EMA50, ...
Forex
The GBPCHF under the negative effect – Forecast today – 23-4-2024
2024-04-23 05:12AM UTC
GBPCHF Pair Price Analysis Expected Scenario The GBPCHF pair still affected by the ...