GBPUSD gets a negative signal – Analysis - 07-09-2018

Economies.com
2018-09-07 03:37AM UTC

The GBPUSD pair keeps its stability below 1.2963, which keeps the bearish trend scenario active until now, supported by the negative signal provided by stochastic, and the price needs to break 1.2900 level to ease the mission of heading towards our negative targets that start at 1.2785 and extend to 1.2636.

 

Therefore, we are waiting for negative trading in the upcoming sessions conditioned by the price stability below 1.2963.

 

Expected trading range for today is between 1.2820 support and 1.3000 resistance.

 

Expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

US consumer prices miss estimates in April
2024-05-15 12:39PM UTC
 US consumer prices rose 0.3% m/m in April, missing estimates of a 0.4% ...
AUD/USD news

Forex

Aussie parks at two month highs even as Australian wages slow down
2024-05-15 04:23AM UTC
The Australian dollar rose in European trade on Wednesday against a basket of major rivals, ...
Forex News

Forex

Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...

Forex Technical Analysis

NZD USD Analysis

Forex

The NZDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows more bullish bias to reach ...
AUD USD Analysis

Forex

The AUDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
  AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial breach ...
GBP USD Analysis

Forex

The GBPUSD forecast update 15-05-2024
2024-05-15 09:28AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price continues to rise to approach ...