Midday update for GBPUSD 31-05-2016
Economies.com
2016-05-31 10:30AM UTC
The GBPUSD pair provided clear negative trading this morning to approach from the minor bullish channel’s support that located at 1.4555, where the price affected by stochastic negativity that appears on the four hours time frame, and the price needs to settle above the mentioned level to keep the expected positive scenario for today valid.
Therefore, we will keep our bullish trend expectations that its main target at 1.4885, being aware that breaking 1.4555 level will turn the intraday trading to the downside to visit 1.4260 level directly.
Expected trading range for today is between 1.4600 support and 1.4855 resistance.
Expected trend for today: Bullish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...