The GBPUSD breaks the support – Analysis - 23-09-2019
Economies.com
2019-09-23 04:54AM UTC
The GBPUSD pair broke the correctional bullish channel’s support line strongly and settled below it, which stops the recently suggested positive scenario and put the price under expected negative pressure in the upcoming sessions, on its way to achieve negative targets that begin at 1.2430 and extend to 1.2295 after breaking the previous level.
Therefore, the bearish bias will be suggested for today, taking into consideration that breaching 1.2520 will push the price back to the correctional bullish track, which its next target located at 1.2670.
The expected trading range for today is between 1.2390 support and 1.2550 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex
Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
Forex
Dollar plumbs three-week low ahead of US payrolls report
2024-05-03 11:57AM UTC
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
Forex
The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
Forex
Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...