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
Aussie parks at two month highs even as Australian wages slow down
2024-05-15 04:23AM UTC
The Australian dollar rose in European trade on Wednesday against a basket of major rivals, ...
Forex
Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...
Forex
Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
2024-05-14 04:08AM UTC
Yen fell in Asian trade on Tuesday against a basket of major rivals, sharpening losses for the ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows more bullish bias to reach ...
Forex
The AUDUSD price forecast update 15-05-2024
2024-05-15 09:29AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price achieved initial breach ...
Forex
The GBPUSD forecast update 15-05-2024
2024-05-15 09:28AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price continues to rise to approach ...