The GBPUSD approaches the target - Analysis - 30-06-2022

Economies.com
11 months ago

The GBPUSD pair provided clear negative trades yesterday to approach 1.2100 barrier, reinforcing the expectations of continuing the bearish trend, which targets 1.2077 mainly, noting that breaking this level will push the price to 1.1933 as a next negative station.

 

The EMA50 supports the expected decline, taking into consideration that breaching 1.2225 will stop the current negative pressure and lead the price to start new recovery attempts.

 

The expected trading range for today is between 1.2040 support and 1.2200 resistance.

 

Open Live Trading Account

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

US unemployment claims rise past estimates
12 hours ago
US unemployment claims rose to 261 thousand in the week ending June 3, above estimates of 236 ...
Forex News

Forex

Dollar declines ahead of US unemployment claims data
12 hours ago
Dollar fell in European trade on Thursday for a second session away from eleven-week highs as  ...
EUR/USD news

Forex

Euro extends recovery on European rates prospects
17 hours ago
Euro rose in European trade for the second session against dollar away from recent two-month lows, ...

Forex Technical Analysis

NZD USD Analysis

Forex

Midday update for the NZDUSD 08-06-2023
15 hours ago
The NZDUSD pair shows positive trades to move above the EMA50, affected by stochastic positivity, ...
AUD USD Analysis

Forex

Midday update for the AUDUSD 08-06-2023
15 hours ago
The AUDUSD pair returns to rise and attack 0.6660 level, which urges caution form the upcoming ...
GBP USD Analysis

Forex

Midday update for the GBPUSD 08-06-2023
15 hours ago
The GBPUSD pair trades with clear positivity to attack 1.2470 level and attempt to hold above it, ...