GBPUSD builds support base – Analysis - 16-04-2018
Economies.com
2018-04-16 03:54AM UTC
The GBPUSD pair settles above the breached resistance line that turns into intraday support base now at 1.4195, and the price needs to hold above this level to guarantee the continuation of the bullish momentum, reminding you that our waited target is located at 1.4344.
Stochastic current negativity might cause some temporary sideways fluctuation before resuming the expected rise, which its targets extend to reach 1.4500 after surpassing the first target, noting that breaking 1.4195 will turn the intraday track to decline, to test 1.4040 and might extend to 1.3817 areas before any new attempt to resume the main bullish trend.
Expected trading range for today is between 1.4190 support and 1.4360 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The USDCHF price begins the bearish correction – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line clearly ...
Forex
The NZDUSD price keeps rising – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
NZDUSD Price Analysis The NZDUSD price shows a more bullish bias as it approaches our awaited ...
Forex
The AUDUSD price hits the first target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
AUDUSD Price Analysis The AUDUSD price managed to achieve our first awaited target at 0.6570$, and ...