Midday update for the GBPUSD 18-09-2023

Economies.com
4 days ago

The GBPUSD pair shows some slight bullish bias to test 1.2400 barrier, affected by stochastic positivity, while the EMA50 continues to press negatively on the price, to keep our bearish overview that targets 1.2310 as a next main station.

 

Holding below 1.2435 represents the first condition to continue the expected decline, as breaching it represents the key to achieve intraday gains that target testing 1.2505 before any new attempt to decline.

 

Advertistment

The expected trading range for today is between 1.2300 support and 1.2450 resistance.

 

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
20 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
17 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
17 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
17 hours ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...