GBPUSD keeps its negative stability – Analysis - 02-10-2018
Economies.com
2018-10-02 04:11AM UTC
The GBPUSD pair attempted to breach 1.3055 level, but the EMA50 managed to form good resistance to push the price to decline again and settle below the mentioned level, which keeps the negative pressure valid until now, waiting to resume the bearish bias that targets 1.2963 level as a next station.
Therefore, the bearish trend will remain suggested for today conditioned by the price stability below 1.3055 and 1.3105 levels.
Expected trading range for today is between 1.2930 support and 1.3110 resistance.
Expected trend for today: Bearish
Forex and Currency News
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
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...