GBPUSD negotiates the channel's support – Analysis - 18-08-2017
Economies.com
2017-08-18 04:10AM UTC
The GBPUSD pair fluctuates around the bullish channel's support line that appears on chart, noticing that stochastic gets rid of its negativity clearly to approach from the oversold areas, which forms positive motive that we are waiting to assist to push the price to rise again.
Therefore, our bullish overview will remain valid for the upcoming period, which depends on holding above 1.2847 mainly, waiting to breach 1.2927 level to ease the mission of heading towards our waited positive targets that start at 1.3007 and extend to 1.3106.
Expected trading range for today is between 1.2840 support and 1.3010 resistance.
Expected trend for today: Bullish
Forex and Currency News
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
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 16-05-2024
2024-05-16 09:26AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some bearish bias to head ...
Forex
The EURUSD price forecast update - 16-05-2024
2024-05-16 09:25AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price faces negative pressure now to ...
Forex
The NZDCAD regains the bullish track – Forecast today – 16-5-2024
2024-05-16 05:41AM UTC
NZDCAD Price Analysis Expected Scenario The NZDCAD price succeeded in regaining the ...