The GBPUSD continues to decline – Analysis - 25-04-2019
Economies.com
2019-04-25 04:18AM UTC
The GBPUSD pair attempted to break 1.2900 barrier and settles near it now, to keep the bearish trend scenario active on the intraday and short term basis, depending on the price stability below 1.2962 and 1.3005 levels, waiting to visit 1.2800 level that represents our next main target.
The EMA50 supports the suggested bearish wave, while breaching the above mentioned levels will stop the current negative scenario and push the price to achieve gains that start at 1.3120 and might extend to 1.3226 on the near term basis.
The expected trading range for today is between 1.2810 support and 1.2980 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...