The GBPUSD gets negative signal - Analysis - 17-11-2023
2023-11-17 04:05AM UTC

The GBPUSD pair settles below 1.2460 level, witnessing signs of forming double top pattern that we are waiting to push the price to achieve the expected decline for the upcoming period, which its next main target located at 1.2297.


On the other hand, we notice that stochastic overlaps negatively now to motivate the price to resume the suggested negative trades, taking into consideration that breaching 1.2460 will stop the expected decline and lead the price to recover again.



The expected trading range for today is between 1.2320 support and 1.2460 resistance.


The expected trend for today: Bearish

Forex and Currency News

Forex News


Will the US payrolls report pave the way for early Fed interest rate cuts in 2024?
2023-12-08 09:09AM UTC
Markets today await the crucial US payrolls report to gauge the strength of the US labor sector and ...
Forex News


Dollar resumes gains ahead of US jobs data
2023-12-08 08:53AM UTC
Dollar rose in European trade on Friday against a basket of major rivals, resuming gains and ...
EUR/USD news


Euro sharpens decline to three-week trough on European interest rate cut prospects
2023-12-07 07:39AM UTC
Euro fell in European trade on Thursday against a basket of major rivals, heading for the seventh ...

Forex Technical Analysis

EUR USD Analysis


Evening update analysis for the EURUSD 08-12-2023
2023-12-08 15:04PM UTC
The EURUSD pair attempts to break 1.0760 level again, to hint heading to activate the negative ...
NZD USD Analysis


Midday update for the NZDUSD 08-12-2023
2023-12-08 10:36AM UTC
The NZDUSD pair keeps its stability above 0.6140 level, to continue suggesting the bullish trend ...
AUD USD Analysis


Midday update for the AUDUSD 08-12-2023
2023-12-08 10:36AM UTC
The AUDUSD pair settles around 0.6610 since morning, waiting to get positive motive that assist to ...