The GBPUSD achieves the extended target - Analysis - 18-06-2021
Economies.com
2021-06-18 03:52AM UTC
The GBPUSD pair broke 1.3960 level strongly and rallied bearishly to reach the extended negative target at 1.3890, showing temporary bullish bias affected by stochastic positivity, waiting to return to decline to break the last level and head towards 1.3805 as a next negative target.
Therefore, we expect witnessing more negative trades in the upcoming sessions, noting that breaching 1.3960 followed by 1.4030 levels will stop the expected decline and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1.3830 support and 1.4000 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...
Forex
Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
2024-05-14 04:08AM UTC
Yen fell in Asian trade on Tuesday against a basket of major rivals, sharpening losses for the ...
Forex
Dollar moves in negative zone ahead of Fed remarks
2024-05-13 11:52AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
Update: The EURUSD breaches the resistance
2024-05-14 15:07PM UTC
The EURUSD price rallied upwards to attack 1.0795$ and close the last four hours’ candlestick ...
Forex
Zscaler price ends cautiously higher - Forecast today - 14-05-2024
2024-05-14 10:13AM UTC
Zscaler’s stock price (ZS) rose in the intraday levels, amid the dominance of the downward ...
Forex
Marvel Technology price touches SMA resistance - Forecast today - 14-05-2024
2024-05-14 10:12AM UTC
Marvel Technology’s stock price (MRVL) rose in the intraday levels, touching the resistance ...