The GBPUSD breaks the support - Analysis - 30-10-2020
Economies.com
2020-10-30 04:44AM UTC
The GBPUSD pair broke 1.2970 level strongly and settled below it, which puts the price under expected negative pressure in the upcoming sessions, on its way to achieve negative targets that start at 1.2845 and extend to 1.2705.
Moving below the EMA50 supports the expected decline, while breaching 1.3000 represents the key to stop the current negative pressure and head to resume the main bullish trend again.
The expected trading range for today is between 1.2845 support and 1.3000 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Yen swoons by over 1% after BOJ decision
2024-04-26 18:30PM UTC
Yen tumbled against most major rivals on Friday following the Bank of Japan’s policy ...
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
End of day EURUSD price forecast update - 26-04-2024
2024-04-26 16:36PM UTC
The EURUSD price is facing strong negative pressure to break 1.0715$ level and attempts to hold ...
Forex
The GBPUSD forecast update 26-04-2024
2024-04-26 10:59AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some slight bearish bias ...
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...