The GBPUSD keeps its positive stability – Analysis - 05-08-2020
Economies.com
2020-08-05 03:56AM UTC
The GBPUSD pair faced negative pressure yesterday to attempt to break 1.3000, but it bounced upwards quickly to settle near 1.3100, which keeps our bullish overview valid for the upcoming period, which gets continuous positive support by the EMA50, reminding you that our next main target is located at 1.3200.
Note that breaching 1.3090 will ease the mission of achieving the waited target, while holding above 1.3000 represents key condition to continue the suggested rise.
The expected trading range for today is between 1.3000 support and 1.3180 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
Forex
Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...
Forex
Dollar parks at two-week highs ahead of Fed decisions
2024-05-01 11:37AM UTC
The dollar rose in European trade on Wednesday against a basket of major rivals, extending gains ...
Forex Technical Analysis
Forex
The USDCHF price begins the bearish correction – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
USDCHF Price Analysis The USDCHF price broke the bullish channel’s support line clearly ...
Forex
The NZDUSD price keeps rising – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
NZDUSD Price Analysis The NZDUSD price shows a more bullish bias as it approaches our awaited ...
Forex
The AUDUSD price hits the first target – Forecast today - 03-05-2024
2024-05-03 03:37AM UTC
AUDUSD Price Analysis The AUDUSD price managed to achieve our first awaited target at 0.6570$, and ...