The GBPUSD hits the target - Analysis - 21-09-2023

Economies.com
2023-09-21 03:45AM UTC

The GBPUSD pair managed to achieve our main waited target at 1.2310 and presses negatively on it, to support the chances of continuing the bearish bias and head to achieve new declines that we expect to reach 1.2255 followed by 1.2200 levels.

 

The bearish channel continues to organize the expected bearish wave, which gets continuous support by the EMA50, taking into consideration that failing to break 1.2310 will lead the price to start recovery attempts and build intraday bullish wave that targets testing 1.2435 areas initially.

 

Advertistment

The expected trading range for today is between 1.2210 support and 1.2370 resistance.

 

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

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

Forex

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 ...
Forex News

Forex

Dollar gives up three-week high ahead of unemployment claims data
2023-12-07 11:30AM UTC
Dollar declined in European trade on Thursday against a basket of major rivals away from three-week ...

Forex Technical Analysis

EUR USD Analysis

Forex

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

Forex

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

Forex

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 ...