Midday update for the GBPUSD 25-01-2023
Economies.com
8 months ago
The GBPUSD pair faces new negative pressure to break 1.2320 and attempts to hold below it, which hints heading to start intraday bearish correction, and we prefer to stay aside until the price confirms its situation according to the mentioned level, as confirming the break will push the price to achieve negative targets that start at 1.2160, while stepping above it again will revive the positive scenario that its first target located at 1.2440.
The expected trading range for today is between 1.2230 support and 1.2400 resistance.
The expected trend for today: Neutral
Forex and Currency News
Forex
Dollar hits 2023 high on US interest rate forecasts
13 hours ago
Dollar rose in European trade on Tuesday against a basket of major rivals, extending gains for the ...
Forex
Reasons that bolster the case for an additional US rate hike.. what are they?
16 hours ago
Amid sharp volatility in dollar's pricing and US treasury yields, markets are speculating about an ...
Forex
Euro sharpens decline to six-month trough amid concerns about rate gap
17 hours ago
Euro fell in European trade on Tuesday on track for the sixth straight loss against dollar, ...
Forex Technical Analysis
Forex
Midday update for the GBPUSD 26-09-2023
15 hours ago
The GBPUSD pair provides extra negative trading, reinforcing the expectations for the continuation ...
Forex
Midday update for the EURUSD 26-09-2023
15 hours ago
The EURUSD pair provided clear negative trading this morning, and returns to show slight bullish ...
Forex
The GBPCHF repeats the negative closes – Analysis – 26-9-2023
19 hours ago
The GBPCHF confirmed its surrender to the bearish bias domination by providing new closes below the ...