The GBPUSD attempts to consolidate positively - Analysis - 01-02-2023
4 months ago

The GBPUSD pair shows weak trades after breaking 1.2320 level, as its still below it, while stochastic provides positive signals that might assist to push the price back to the bullish track again, to face contradiction between the technical factors that makes us prefer to stay aside until we get clearer signal for the next trend.


Note that breaking 1.2285 will push the price to achieve more decline and head towards 1.2155 followed by 1.1940 levels as next negative targets, while breaching 1.2320 represents the key to return to the bullish trend and head to visit 1.2440 initially.


The expected trading range for today is between 1.2210 support and 1.2410 resistance.


The expected trend for today: Neutral

Forex and Currency News

GBP/USD news


Sterling moves in negative zone on grim economic outlook
3 hours ago
Sterling fell in European trade for the fourth straight session against dollar, amid a grim outlook ...
AUD/USD news


Aussie is most profitable major currency after unexpected RBA decision
1 day ago
Australian dollar rose widely on Tuesday for the fourth straight session, hitting three-week highs ...
USD/CHF news


Swiss franc hovers near two-month low following inflation data
1 day ago
Swiss franc fell in European trade for  a second session against dollar, almost hitting ...

Forex Technical Analysis

GBP USD Analysis


Midday update for the GBPUSD 07-06-2023
57 minutes ago
The GBPUSD pair shows negative trades now in attempt to resume the expected bearish trend for ...
EUR USD Analysis


Midday update for the EURUSD 07-06-2023
57 minutes ago
The EURUSD pair resumes its negative trading to test the intraday bullish trend line that appears ...
Technical Analysis


The GBPCAD attacks the moving average – Analysis – 7-6-2023
5 hours ago
The GBPCAD pair confirmed its affection by the domination of the bearish bias since it exited the ...