Midday update for the GBPUSD 11-06-2021

Economies.com
2021-06-11 09:26AM UTC

The GBPUSD pair shows some slight bearish bias now affected by stochastic negativity, while until now, no change to the sideways move scenario between 1.4095 support and 1.4238 resistance until the price manages to confirm breaching one of these levels to detect the next targets clearly, noting that the expected targets after the breach are explained in our morning report.

 

The expected trading range for today is between 1.4090 support and 1.4270 resistance.

 

The expected trend for today: Sideways

Forex and Currency News

USD/CAD news

Forex

Loonie edges up after monthly employment data
2024-05-10 15:49PM UTC
The Canadian dollar rose against most major rivals following monthly jobs data which revealed solid ...
GBP/USD news

Forex

Sterling moves in a positive zone after hot growth data
2024-05-10 08:26AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
USD/JPY news

Forex

Yen heads for weekly loss as intervention momentum from Japanese authorities fade
2024-05-10 04:51AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, resuming losses against the ...

Forex Technical Analysis

Technical Analysis

Forex

The GBPCAD leans above the moving average – Forecast today – 13-5-2024
2024-05-13 05:37AM UTC
GBPCAD Price Analysis Expected Scenario The GBPCAD price succeeded to face the temporary ...
EUR JPY Analysis

Forex

The EURJPY keeps the bullish track – Forecast today – 13-5-2024
2024-05-13 05:32AM UTC
EURJPY Pair Analysis Expected Scenario No change to the EURJPY pair’s bullish track ...
GBP JPY Analysis

Forex

The GBPJPY confirms the positivity – Forecast today – 13-5-2024
2024-05-13 05:32AM UTC
GBPJPY Pair Analysis Expected Scenario The GBPJPY pair kept its stability within the ...