The GBPUSD keeps its negative stability – Analysis - 10-04-2019

Economies.com
2019-04-10 03:54AM UTC

The GBPUSD pair settled below the previously broken bullish trend line after the positive attempts that it witnessed yesterday, to keep the bearish trend scenario active in the upcoming sessions, supported by the negative pressure formed by the EMA50, waiting to visit 1.2962 level as a next main station.

 

Note that breaching 1.3090 and holding above it will push the price to achieve intraday gains that begin by testing 1.3226 level initially.

 

The expected trading range for today is between 1.2960 support and 1.3120 resistance.

 

The expected trend for today: Bearish

Forex and Currency News

Forex News

Forex

Dollar reverses higher as markets speculate about interest rates
2024-05-06 20:54PM UTC
The dollar rose against most major rivals on Monday after stabilizing earlier in the ...
Forex News

Forex

Dollar hovers near three-week trough as US yields taper off
2024-05-06 11:23AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, extending losses for the ...
EUR/USD news

Forex

Euro approaches three-week high amid bullish outlook
2024-05-06 08:02AM UTC
Euro rose in European trade on Monday against a basket of major rivals, maintaining gains for the ...

Forex Technical Analysis

GBP USD Analysis

Forex

The GBPUSD forecast update 06-05-2024
2024-05-06 11:08AM UTC
GBPUSD Price Analysis The GBPUSD price attempts to breach the 1.2580$ level. Waiting to surpass ...
EUR USD Analysis

Forex

The EURUSD price forecast update - 06-05-2024
2024-05-06 11:08AM UTC
EURUSD Price Analysis The EURUSD price settles at the intraday bullish channel’s support ...
NZD USD Analysis

Forex

Deere price surrounded with positive pressures - Forecast today - 06-05-2024
2024-05-06 10:28AM UTC
Deere & Company’s stock (DE) extended its gains in the intraday levels, amid the ...