Midday update for the GBPUSD 25-10-2021

Economies.com
2021-10-25 09:49AM UTC

The GBPUSD pair faced solid resistance at 1.3795, to show temporary negative trades and approaches testing the bullish channel’s support line, noticing that the EMA50 meets this support line to protect the continuation of the expected positive scenario for today, which depends on the price stability above 1.3720, while its next main target located at 1.3910.

 

The expected trading range for today is between 1.3700 support and 1.3880 resistance.

 

The expected trend for today: Bullish

Forex and Currency News

GBP/USD news

Forex

BoE holds interest rates unchanged
2024-06-20 11:11AM UTC
The Bank of England voted to hold interest rates unchanged at the June 20 policy meeting for the ...
USD/CHF news

Forex

Franc is worst performing major currency after SNB surprise
2024-06-20 09:29AM UTC
The Swiss franc tumbled in European trade on Thursday away from three-month highs against the US ...
GBP/USD news

Forex

Sterling moves in a negative zone ahead of BOE's decisions
2024-06-20 08:32AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, moving in a negative ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 21-06-2024
2024-06-21 09:19AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provided clear negative trades ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 21-06-2024
2024-06-21 09:19AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price managed to touch our first ...
Technical Analysis

Forex

The AUDCAD ends the bullish rally – Forecast today – 21-6-2024
2024-06-21 07:52AM UTC
AUDCAD Price Analysis Expected Scenario The AUDCAD price confirmed ending the bullish ...