Midday update for GBPUSD 23-10-2017

Economies.com
2017-10-23 10:15AM UTC

The GBPUSD pair attempted to breach 1.3196 but it couldn’t manage to hold above it, to remain stuck between the next trend keys represented by the mentioned resistance and 1.3096, and as we mentioned this morning, the price needs to breach one of these levels to detect its next destination clearly.

 

To review the expected targets of the breach, please check our morning issued report.

 

Expected trading range for today is between 1.3100 support and 1.3296 resistance.

 

Expected trend for today: Depends on the above mentioned levels

Forex and Currency News

USD/CAD news

Forex

Loonie edges up after monthly employment data
2024-05-10 15:49PM UTC
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid ...
GBP/USD news

Forex

Sterling moves in a positive zone after hot growth data
2024-05-10 08:26AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
USD/JPY news

Forex

Yen heads for weekly loss as intervention momentum from Japanese authorities fade
2024-05-10 04:51AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The GBPUSD price shows slight positive trades. It might head ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 10-05-2024
2024-05-10 10:26AM UTC
Expected Trading Scenarios The EURUSD price fluctuates within tight range since morning, ...
Technical Analysis

Forex

The NZDCAD tests the resistance – Forecast today – 10-5-2024
2024-05-10 07:11AM UTC
NZDCAD Price Analysis 1. Expected Scenario NZDCAD price faces strong positive pressures ...