GBPUSD covers its losses – Analysis - 07-01-2019
Economies.com
2019-01-07 05:23AM UTC
The GBPUSD pair achieved strong gains on last Friday to cover the losses that it suffered in the previous day, as it ended trading above 1.2700 barrier, hinting the price head to keep rising in the upcoming period, targeting 1.2962 areas mainly.
Therefore, the bullish bias will be suggested on the intraday and short term basis unless breaking 1.2636 level and holding below it.
Expected trading range for today is between 1.2660 support and 1.2850 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...
Forex
The USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...