Midday update for GBPUSD 20-10-2017
Economies.com
2017-10-20 10:58AM UTC
The GBPUSD pair tested the key support 1.3096 without managing to break it until now, and as we mentioned this morning, this level represents one of the next trend keys besides 1.3196 resistance, as the price needs to breach one of these levels to detect its next destination clearly.
Therefore, we will continue with our neutrality until we get clearer confirmation signal for the next trend, and to review the expected targets after the breach, please check our morning report.
Expected trading range for today is between 1.3000 support and 1.3220 resistance.
Expected trend for today: Depends on the above mentioned levels
Forex and Currency News
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
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 ...
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 Technical Analysis
Forex
The GBPUSD forecast update 02-05-2024
2024-05-02 09:06AM UTC
GBPUSD Trading Report The GBPUSD price shows weak trades since morning, settling above 1.2500$ ...
Forex
The EURUSD price forecast update - 02-05-2024
2024-05-02 09:05AM UTC
EURUSD Trading Report The EURUSD price continues to fluctuate around 1.0715$ level, and we still ...
Forex
The EURGBP tests key support – Forecast today – 2-5-2024
2024-05-02 08:15AM UTC
Expected Scenarios The EURGBP price formed many bearish trades recently, to test 38.2% ...