The GBPUSD exit the channel - Analysis - 29-06-2022
1 year ago

The GBPUSD pair broke the bullish channel’s support line clearly and settled below it, noticing that the price closed the daily candlestick below 1.2205, which leads the price to turn to decline on the intraday basis, targeting visiting 1.2077 initially.


Therefore, the bearish bias will be suggested for today, noting that breaching 1.2305 will stop the negative scenario and lead the price to recover again.



The expected trading range for today is between 1.2130 support and 1.2280 resistance.


Open Live Trading Account

The expected trend for today: Bearish

Forex and Currency News

Forex News


Dollar hits 2023 high on US interest rate forecasts
14 hours ago
Dollar rose in European trade on Tuesday against a basket of major rivals, extending gains for the ...
Forex News


Reasons that bolster the case for an additional US rate hike.. what are they?
17 hours ago
Amid sharp volatility in dollar's pricing and US treasury yields, markets are speculating about an ...
EUR/USD news


Euro sharpens decline to six-month trough amid concerns about rate gap
18 hours ago
Euro fell in European trade on Tuesday on track for the sixth straight loss against dollar, ...

Forex Technical Analysis

GBP USD Analysis


Midday update for the GBPUSD 26-09-2023
16 hours ago
The GBPUSD pair provides extra negative trading, reinforcing the expectations for the continuation ...
EUR USD Analysis


Midday update for the EURUSD 26-09-2023
16 hours ago
The EURUSD pair provided clear negative trading this morning, and returns to show slight bullish ...
Technical Analysis


The GBPCHF repeats the negative closes – Analysis – 26-9-2023
20 hours ago
The GBPCHF confirmed its surrender to the bearish bias domination by providing new closes below the ...