GBPUSD tests the support – Analysis - 26-11-2018
Economies.com
2018-11-26 05:09AM UTC
The GBPUSD pair begins to test 1.2800 support line, waiting to break this level to confirm extending the bearish wave to reach 1.2636 on the near term basis, as the bearish trend scenario still valid as long as the price is below 1.2962.
The EMA50 supports the expected decline, noting that breaching 1.2962 will lead the price to achieve gains that start at 1.3100 followed by 1.3226.
Expected trading range for today is between 1.2720 support and 1.2900 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Sterling sharpens decline to five-month nadir after weak data
2024-04-19 11:40AM UTC
Sterling tumbled in European trade against a basket of major rivals, sharpening losses for the ...
Forex
Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 19-04-2024
2024-04-19 10:43AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price trades with clear positivity to ...
Forex
The EURUSD price forecast update - 19-04-2024
2024-04-19 10:43AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price finds solid support at the ...
Forex
The NZDCAD surrenders to the resistance line stability – Forecast today – 19-4-2024
2024-04-19 08:21AM UTC
NZDCAD Pair Analysis Expected Scenario The NZDCAD pair has confirmed its submission to ...