GBPUSD heads towards the support – Analysis - 04-02-2019
Economies.com
2019-02-04 04:51AM UTC
The GBPUSD pair settles below 1.3100 barrier, to keep the negative pressure valid for today, reminding you that we are waiting to test 1.2962 level before attempting to rise again.
Stochastic keeps declining to approach the oversold areas, to support the chances of bouncing bullishly and resume the bullish trend on the short term basis, noting that breaching 1.3125 will stop the current negative pressure and push the price to rise again.
Expected trading range for today is between 1.2962 support and 1.3160 resistance.
Expected trend for today: Bearish
Forex and Currency News
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
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price presses on the key support ...
Forex
The AUDUSD price forecast update 08-05-2024
2024-05-08 09:36AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial break to ...
Forex
The GBPUSD forecast update 08-05-2024
2024-05-08 09:36AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price achieved initial break to ...