The GBPUSD gets a negative close - Analysis - 26-05-2023
1 week ago

The GBPUSD pair managed to break 1.2345 level and close the daily candlestick below it, which supports the continuation of the correctional bearish trend on the intraday and short term basis, opening the way to head towards 1.2240 as a next main target.


Therefore, we are waiting for more expected decline in the upcoming sessions, supported by the negative pressure formed by the EMA50, being aware that breaching 1.2345 will push the price to attempt to recover and head to test 1.2435 followed by 1.2470 areas before any new negative attempt.


The expected trading range for today is between 1.2240 support and 1.2390 resistance.


The expected trend for today: Bearish

Forex and Currency News

AUD/USD news


Aussie is most profitable major currency after unexpected RBA decision
23 hours ago
Australian dollar rose widely on Tuesday for the fourth straight session, hitting three-week highs ...
USD/CHF news


Swiss franc hovers near two-month low following inflation data
1 day ago
Swiss franc fell in European trade for  a second session against dollar, almost hitting ...
EUR/USD news


Euro declines to near two-month trough ahead of Lagarde's speech
1 day ago
Euro declined in European trade for a second session against dollar, almost hitting two-month lows ...

Forex Technical Analysis

Technical Analysis


The GBPCAD attacks the moving average – Analysis – 7-6-2023
3 hours ago
The GBPCAD pair confirmed its affection by the domination of the bearish bias since it exited the ...
EUR JPY Analysis


The EURJPY threats the positive stability – Analysis – 7-6-2023
3 hours ago
The EURJPY pair provided negative signal by crawling below the minor bullish channel’s ...
GBP JPY Analysis


The GBPJPY still bullish – Analysis – 7-6-2023
3 hours ago
Despite the negative pressures that the GBPJPY pair faced yesterday and forming bearish wave, that ...