Midday update for GBP USD 24/07/2014
Economies.com
2014-07-24 10:38AM UTC
The GBPUSD pair trades with bearish bias since morning approaching form the psychological barrier which forms a support base now at 1.7000, while stochastic keeps moving in the oversold levels.
Until now, we will keep the suggested positive scenario in our last reports unless we witness a daily close below 1.7040 – 1.7000 levels, which will turn the intraday trading towards the downside and stops the current positive expectations.
Expected trading range for today is between: 1.7000 support and 1.7200 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar under pressure ahead of Fed remarks
2024-05-20 11:53AM UTC
The dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex
Euro trades at two-month highs amid positive outlook
2024-05-20 06:38AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains and ...
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 Technical Analysis
Forex
The GBPUSD forecast update 20-05-2024
2024-05-20 10:39AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price hovers near the 1.2700$ level ...
Forex
The EURUSD price forecast update - 20-05-2024
2024-05-20 10:38AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows negative trading now, in ...
Forex
The EURJPY jumps above the barrier – Forecast today – 20-5-2024
2024-05-20 05:45AM UTC
EURJPY Pair Analysis Expected Scenario The EURJPY pair was affected by frequent positive ...