Midday update for GBPUSD 24-02-2017
Economies.com
2017-02-24 11:18AM UTC
The GBPUSD pair hovers around 1.2550 level since morning and made an initial attempt to breach it, keeping the bullish trend scenario active for today, waiting for confirming the breach to rally to 1.2720 directly.
Therefore, the bullish trend scenario will remain valid in the upcoming sessions unless breaking 1.2475 level and holding below it, pointing that the EMA50 provides positive support for the suggested bullish wave.
Expected trading range for today is between 1.2475 support and 1.2650 resistance.
Expected trend for today: Bullish
Forex and Currency News
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
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...