Midday update for the GBPUSD 03-04-2023
Economies.com
2023-04-03 10:33AM UTC
The GBPUSD pair provides slight positive trades to approach the broken support line of the minor bullish channel, as it is affected by stochastic positivity, besides the EMA50 that forms good support against the price, to monitor the upcoming trading carefully, as the price needs to hold below 1.2360 to keep the bearish trend valid for today, which its targets begin at 1.2190 and extend to 1.2065.
Note that breaching 1.2360 and holding above it will push the price back to the bullish track again to head towards achieving gains that start by visiting 1.2440.
The expected trading range for today is between 1.2200 support and 1.2360 resistance.
The expected trend for today: Bearish
Forex and Currency 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 ...
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
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
Forex
The NZDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The NZDUSD price breached 0.6000$ level strong and settled above it, reinforcing the expectations ...
Forex
The AUDUSD price forecast update 03-05-2024
2024-05-03 13:54PM UTC
The AUDUSD price traded with strong positivity to succeed achieving our new waited target at ...
Forex
The GBPUSD forecast update 03-05-2024
2024-05-03 13:52PM UTC
The GBPUSD price traded with strong positivity to breach 1.2580$ level strongly but it returns to ...