Midday update for GBPUSD 11-01-2018
Economies.com
2018-01-11 10:49AM UTC
The GBPUSD pair falls under negative pressure to break 1.3505 level and settles below it, which cancels the positive pattern mentioned this morning to witness negative formation that appears on the chart, which urges caution from the upcoming trades, as breaking 1.3495 will push the price to visit 1.3419 direct, while breaching 1.3565 will stop the current negative pressure and push the price back to the main bullish track again.
Expected trading range for today is between 1.3400 support and 1.3600 resistance.
Expected trend for today: Neutral
Forex and Currency News
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...