GBPUSD touches the first target – Analysis - 14-09-2018

Economies.com
2018-09-14 03:52AM UTC

The GBPUSD pair succeeded to achieve our first waited target at 1.3120 and settles around it, and the price continues to more inside the bullish channel, getting continuous positive support by the EMA50, reinforcing the chances of continuing the bullish trend to visit 1.3226 level that represents our next main target.

 

Therefore, we will continue to suggest the bullish trend in the upcoming period unless breaking 1.2963 level and holding below it.

 

Expected trading range for today is between 1.3040 support and 1.3226 resistance.

 

Expected trend for today: Bullish

Forex and Currency News

Forex News

Forex

Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
NZD/USD news

Forex

Kiwi plumbs two-week trough after disappointing labor data
2024-05-01 05:03AM UTC
The New Zealand dollar fell in Asian trade on Wednesday against a basket of major rivals, ...
Forex News

Forex

Dollar climbs ahead of crucial US data
2024-04-30 11:33AM UTC
The dollar rose in European trade on Tuesday against a basket of major rivals away from two-week ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price gathers the positive momentum – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
USDCHF Price Analysis Expected Scenario The USDCHF price faced temporary negative pressure ...
NZD USD Analysis

Forex

The NZDUSD price places higher lows – Forecast today - 02-05-2024
2024-05-02 04:03AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price ended yesterday positively to settle ...
AUD USD Analysis

Forex

The AUDUSD price is recovering – Forecast today - 02-05-2024
2024-05-02 04:02AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price surpassed 0.6500$ level and settled ...