GBPUSD keeps its negative stability – Analysis - 10-09-2018

Economies.com
2018-09-10 04:23AM UTC

The GBPUSD pair attempted to breach 1.2963 level but it ended last week below this level, which keeps the bearish trend scenario valid until now, which targets 1.2785 level initially, reminding you that breaking this level will extend the bearish wave to reach 1.2636 as a next main station.

 

On the other hand, we should note that breaching 1.2963 will stop the expected decline and push the price to achieve gains that start at 1.3100 and extend to 1.3226.

 

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

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 ...
AUD/USD news

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 ...
USD/JPY news

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

Technical Analysis

Forex

The GBPCHF returns to the negative track – Forecast today – 8-5-2024
2024-05-08 05:27AM UTC
Expected Scenarios GBPCHF price encounters solid barrier at 1.1518 during correctional bullish ...
EUR JPY Analysis

Forex

The EURJPY keeps the bullish bias – Forecast today – 8-5-2024
2024-05-08 05:21AM UTC
Expected Scenarios EURJPY pair remains stable within bullish channel Continuous support from ...
GBP JPY Analysis

Forex

The GBPJPY faces difficulty to surpass the barrier – Forecast today – 8-5-2024
2024-05-08 05:20AM UTC
Expected Scenarios GBPJPY pair consolidates within bullish channel Positive momentum from ...