The GBPUSD keeps its negative stability - Analysis - 10-05-2022
Economies.com
2022-05-10 04:18AM UTC
The GBPUSD pair bounced bullishly yesterday to test 1.2410 level, and still below it until now, noticing that stochastic loses its positive momentum clearly, while the EMA50 keeps pressing negatively on the price.
Therefore, these factors encourage us to continue suggesting the bearish trend for the upcoming period, which its next target located at 1.2200, noting that breaching 1.2410 will push the price to test 1.2490 direct before any new attempt to decline.
The expected trading range for today is between 1.2270 support and 1.2440 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...