GBPUSD at the middle of the sideways range – Analysis - 16-11-2017
Economies.com
2017-11-16 04:47AM UTC
The GBPUSD pair continues to fluctuate inside the sideways range that appears on the above chart, moving around 50% Fibonacci correction level now at 1.3196, to keep the sideways range suggested until the price succeeds to exit the mentioned range through breaking its support at 1.3096 or breaching 1.3295 resistance.
We remind you that breaching the mentioned resistance will lead the price to regain the main bullish trend on the short term basis, to start the positive targets at 1.3419 and extend to 1.3618, while breaking 1.3096 will push the price to test 1.2973 before any new positive attempt.
Expected trading range for today is between 1.3070 support and 1.3295 resistance.
Expected trend for today: Sideways
Forex and Currency News
Forex
Sterling under pressure ahead of BOE decisions
2024-05-09 07:50AM UTC
Sterling fell in European trade on Thursday against a basket of major rivals, extending losses for ...
Forex
Yen moves in negative zone under supervision of Japanese authorities
2024-05-08 04:36AM UTC
Yen declined on Wednesday in Asian trade against a basket of major rivals, extending losses for the ...
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex Technical Analysis
Forex
The EURGBP begins to rise – Forecast today – 9-5-2024
2024-05-09 05:54AM UTC
EURGBP Price Analysis Expected Scenario The EURGBP price succeeded to hold above 38.2% ...
Forex
The EURJPY achieves the second target – Forecast today – 9-5-2024
2024-05-09 05:46AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair continued to form bullish trades ...
Forex
The GBPJPY tends towards the positivity – Forecast today – 9-5-2024
2024-05-09 05:45AM UTC
GBPJPY Price Analysis Expected Scenario The GBPJPY pair provided positive signal ...