Midday update for GBPUSD 27-04-2017
Economies.com
2017-04-27 11:43AM UTC
The GBPUSD pair begins the breaching process to 1.2890 level now and attempts to hold above it, which supports the continuation of the bullish trend scenario efficiently in the upcoming period, paving the way to head towards 1.3100 as a next main target, supported by the EMA50.
Therefore, the positive scenario will remain valid on the intraday and short term basis unless breaking 1.2720 level and holding below it.
Expected trading range for today is between 1.2765 support and 1.2970 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Dollar loses ground as markets focus on corporate earnings
2024-04-29 18:46PM UTC
Dollar declined against most major rivals on Monday as markets focus on corporate earnings and the ...
Forex
Dollar under pressure from US yields and Japanese authorities
2024-04-29 11:17AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming gains after a ...
Forex
Euro hovers near two-week high despite bearish outlook
2024-04-29 07:40AM UTC
Euro rose in European trade on Monday against a basket of major rivals, resuming gains against the ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 29-04-2024
2024-04-29 09:53AM UTC
Expected Scenario The EURUSD price surpassed the 1.0715$ level and closed the last four ...
Forex
The GBPAUD hits the first target – Forecast today – 29-4-2024
2024-04-29 05:57AM UTC
GBPAUD Price Analysis Expected Scenario The GBPAUD price started to form new negative ...
Forex
The EURJPY achieves fake gains – Forecast today – 29-4-2024
2024-04-29 05:51AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair started today by forming ...