Midday update for the GBPUSD 30-11-2023

Economies.com
2023-11-30 09:19AM UTC

The GBPUSD pair trades with clear negativity to start pressing on 1.2665 level and head towards potential turn to decline, and we expect the continuation of the bearish bias to visit 1.2590 as a next main negative target.

 

Therefore, the bearish trend will be expected for the rest of the day, taking into consideration that breaching 1.2720 will stop the current negative pressure and lead the price to resume the main bullish trend again.

 

The expected trading range for today is between 1.2600 support and 1.2720 resistance.

 

The expected trend for today: Bearish for the rest of the day

Forex and Currency News

Forex News

Forex

The dollar declines after weak US data
2024-03-01 21:25PM UTC
The dollar declined against most major rivals on Friday following weak data and speculation about ...
EUR/USD news

Forex

Euro gains ground ahead of European inflation data
2024-03-01 08:14AM UTC
Euro rose in European trade on Friday against a basket of major rivals, holding above one-week lows ...
Forex News

Forex

Dollar edges up after inflation data
2024-02-29 21:46PM UTC
Dollar rose against most major rivals on Thursday following US inflation data, which could have an ...

Forex Technical Analysis

GBP USD Analysis

Forex

Midday update for the GBPUSD 01-03-2024
2024-03-01 10:39AM UTC
The GBPUSD pair keeps its stability below 1.2650, to keep the correctional bearish trend valid for ...
EUR USD Analysis

Forex

Midday update for the EURUSD 01-03-2024
2024-03-01 10:39AM UTC
The EURUSD pair fluctuates around the EMA50 since morning, and didn’t show any strong move ...
GBP USD Analysis

Forex

The GBPUSD breaks the support - Analysis - 01-03-2024
2024-03-01 08:47AM UTC
The GBPUSD pair faced clear negative pressure yesterday, as it broke 1.2650 level and closed the ...