GBPUSD attempts positively – Analysis - 22-06-2018

Economies.com
2018-06-22 03:43AM UTC

The GBPUSD pair ended yesterday’s trading with strong positivity to close the daily candlestick at 1.3226, starting today with bullish bias in attempt to move away from the mentioned level, hinting the price head to achieve gains on the intraday basis, motivated by stochastic current positivity.

 

Therefore, the bullish trend will be suggested in the upcoming sessions unless breaking 1.3226 level and holding below it again, noting that our next main target is located at 1.3490.

 

Expected trading range for today is between 1.3170 support and 1.3370 resistance.

 

Expected trend for today: Bullish

Forex and Currency News

EUR/USD news

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 ...
USD/JPY news

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 News

Forex

US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 16-05-2024
2024-05-16 09:26AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some bearish bias to head ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 16-05-2024
2024-05-16 09:25AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price faces negative pressure now to ...
Technical Analysis

Forex

The NZDCAD regains the bullish track – Forecast today – 16-5-2024
2024-05-16 05:41AM UTC
NZDCAD Price Analysis Expected Scenario The NZDCAD price succeeded in regaining the ...