The GBPUSD keeps declining - Analysis - 25-09-2023
2023-09-25 02:53AM UTC

The GBPUSD pair shows more bearish bias to gradually approach our new waited target at 1.2200, and we suggest the continuation of the negative trades to achieve additional targets that reach 1.2135 areas.


The EMA50 keeps supporting the suggested bearish wave, which moves organized inside the bearish channel that appears on the chart, taking into consideration that breaching 1.2310 will stop the bearish trend and push the price to achieve some intraday bullish correction.



The expected trading range for today is between 1.2150 support and 1.2300 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 ...
Forex News


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


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 ...