Midday update for the GBPUSD 03-03-2021
Economies.com
2021-03-03 10:22AM UTC
The GBPUSD pair trades with clear positivity now to breach 1.3975 and begins testing 1.4000 level, which urges caution from the upcoming trading, as breaching the last level will push the price to achieve more gains and turn to rise to achieve positive targets that start at 1.4100 and extend to 1.4230, while breaking 1.3975 followed by 1.3905 levels will reactivate the bearish trends scenario that its next target located at 1.3775.
Therefore, we prefer staying aside now until we get clearer signal for the next trend.
The expected trading range for today is between 1.3870 support and 1.4070 resistance.
The expected trend for today: Neutral
Forex and Currency News
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...