The GBPUSD approaches the first target - Analysis - 14-12-2021

Economies.com
2021-12-14 05:06AM UTC

The GBPUSD pair provided clear negative trades yesterday to settle below 1.3200 barrier, reinforcing the expectations of continuing the bearish trend on the intraday and short term basis, and the price approaches the first waited target at 1.3160, noting that breaking this level will push the price to 1.3000 areas as a next main station.

 

Therefore, the bearish trend scenario will remain valid and active unless the price rallied to breach 1.3295 and hold above it.

 

The expected trading range for today is between 1.3090 support and 1.3250 resistance.

 

The expected trend for today: Bearish

Forex and Currency News

EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...

Forex Technical Analysis

USD CHF Analysis

Forex

The USDCHF price faces temporary negative pressure – Forecast today - 29-03-2024
2024-03-29 01:48AM UTC
USDCHF Price Analysis Expected Scenario: Bullish Trend The USDCHF pair rebounded bearishly ...
NZD USD Analysis

Forex

The NZDUSD price keeps its negative stability – Forecast today - 29-03-2024
2024-03-29 01:47AM UTC
NZDUSD Price Analysis Expected Scenario: Bearish Trend The NZDUSD price remains below the ...
AUD USD Analysis

Forex

The AUDUSD price awaits confirmed break – Forecast today - 29-03-2024
2024-03-29 01:47AM UTC
AUDUSD Price Analysis Expected Scenario: Bearish Momentum The AUDUSD price failed to sustain ...