Midday update for GBPUSD 29-08-2018

Economies.com
2018-08-29 10:10AM UTC

The GBPUSD pair fluctuates within sideways and tight track since morning, keeping its stability below 1.2963, to keep the bearish trend valid as it is without any change for today, as breaching the mentioned level will push the price to turn to rise and target areas that reach 1.3100, while the negative targets begin by breaking 1.2800 level to confirm heading towards 1.2636 as a next main station.

 

Expected trading range for today is between 1.2760 support and 1.2950 resistance.

 

Expected trend for today: Bearish

Forex and Currency News

Forex 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 ...
USD/JPY news

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 News

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

USD CHF Analysis

Forex

The USDCHF price hits the target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
USDCHF Price Analysis Expected Scenarios The USDCHF price managed to achieve our waited ...
NZD USD Analysis

Forex

The NZDUSD price completes the positive pattern – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
NZDUSD Price Analysis Expected Scenarios The NZDUSD price settles above 0.6000$ level, which ...
AUD USD Analysis

Forex

The AUDUSD price hits the second target – Forecast today - 06-05-2024
2024-05-06 04:09AM UTC
AUDUSD Price Analysis Expected Scenarios The AUDUSD price found solid resistance at 0.6640$, ...