Midday update for the GBPUSD 01-07-2022

Economies.com
1 year ago

The GBPUSD pair continues to decline to approach our first waited target at 1.2077, waiting to break this level to confirm extending the bearish wave towards 1.1933, to keep the bearish trend scenario valid in the upcoming sessions conditioned by the price stability below 1.2225.

 

The expected trading range for today is between 1.2050 support and 1.2200 resistance.

Advertistment

 

The expected trend for today: Bearish

Forex and Currency News

EUR/USD news

Forex

Euro trades near six-month low ahead of major European data
13 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
GBP/USD news

Forex

Sterling sharpens decline to six-month lows after surprise decision by BOE
1 day ago
Sterling fell on Thursday after Bank of England announced a surprise pause in the cycle of rate ...
Forex News

Forex

Dollar extends gains to six-month high on Fed prospects
1 day ago
US Dollar rose in European trade on Thursday against a basket of major rivals for the third ...

Forex Technical Analysis

NZD USD Analysis

Forex

Midday update for the NZDUSD 22-09-2023
10 hours ago
The NZDUSD pair breached 0.5940 level clearly to activate the positive scenario in the upcoming ...
AUD USD Analysis

Forex

Midday update for the AUDUSD 22-09-2023
10 hours ago
The AUDUSD pair trades positively to surpass 0.6440 and attempts to hold above it, to hint heading ...
GBP USD Analysis

Forex

Midday update for the GBPUSD 22-09-2023
10 hours ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...