The GBPUSD achieves some intraday gains – Analysis - 18-07-2019
Economies.com
2019-07-18 04:49AM UTC
The GBPUSD pair provides positive trading since yesterday to approach testing the key resistance 1.2476, and the price continues to move inside the bearish channel that appears on the chart, which keeps the bearish trend scenario valid until now, supported by the negative pressure formed by the EMA50.
Our next target is located at 1.2300, noting that breaching 1.2476 will push the price to test 1.2590 direct before any new attempt to decline.
The expected trading range for today is between 1.2350 support and 1.2530 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex
Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex Technical Analysis
Forex
Update: Weak trades, waiting the US economic data
2024-05-03 08:20AM UTC
The major currencies’ pairs and commodities show weak and tight trades since morning, waiting ...
Forex
The EURJPY threats the support – Forecast today – 3-5-2024
2024-05-03 07:07AM UTC
Scenarios Scenario 1: Potential for Positive Momentum EURJPY pair unable to shake off negative ...
Forex
The GBPJPY fluctuates near the support – Forecast today – 3-5-2024
2024-05-03 07:06AM UTC
Scenarios Scenario 1: Activation of Bullish Momentum GBPJPY pair forms new negative waves, ...