GBPUSD keeps its positive stability – Analysis - 15-03-2018
Economies.com
2018-03-15 05:03AM UTC
The GBPUSD pair resumed its positive trading after retesting the previously breached resistance of the correctional bearish channel, to approach 1.4000 barrier now, which supports the continuation of our bullish overview in the upcoming period, reminding you that our next main target is located at 1.4344.
We should note that the continuation of the bullish trend depends on the stability above 1.3910 as a first condition, as breaking it might threat 23.6% Fibonacci correction level and put the price under the negative correctional pressure on the short term basis.
Expected trading range for today is between 1.3900 support and 1.4080 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...