The GBPUSD exits the sideways range - Analysis - 16-06-2021
Economies.com
2021-06-16 04:30AM UTC
The GBPUSD pair broke 1.4095 level strongly and settled below it, to exit the sideways range and activate the correctional bearish scenario, as it reached the first suggested negative target at 1.4030, expecting to surpass this level to head towards 1.3960 as a next correctional target.
Therefore, the bearish bias will be suggested for today supported by the negative pressure formed by the EMA50, taking into consideration that breaching 1.4095 followed by 1.4120 levels will stop the expected decline and lead the price to attempt to regain the main bullish trend again.
The expected trading range for today is between 1.4000 support and 1.4150 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex Technical Analysis
Forex
The USDCHF price continues to rise – Forecast today - 08-05-2024
2024-05-08 03:54AM UTC
USDCHF Price Analysis Outlook and Forecast for Current Trading Sessions Expected ...
Forex
The NZDUSD price breaks the support – Forecast today - 08-05-2024
2024-05-08 03:54AM UTC
NZDUSD Price Analysis Outlook and Forecast for Current Trading Sessions Expected ...
Forex
The AUDUSD price under the negative pressure – Forecast today - 08-05-2024
2024-05-08 03:54AM UTC
AUDUSD Price Analysis Outlook and Forecast for Current Trading Sessions Expected ...