The GBPUSD achieves the temporary decline - Analysis - 03-08-2022
Economies.com
1 year ago
The GBPUSD pair approached the bullish channel’s support line that appears on the chart, and begins to curve upwards now, to resume the bullish wave within the mentioned channel and head to achieve gains that start at 1.2340 and extend to 1.2490 on the near term basis.
Therefore, we expect to witness positive trades in the upcoming sessions supported by the EMA50 and stochastic, noting that the continuation of the bullish wave requires holding above 1.2115 and the most important above 1.2077.
The expected trading range for today is between 1.2100 support and 1.2265 resistance.
The expected trend for today: Bullish
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 ...