The GBPUSD leans on the channel’s support - Analysis - 25-05-2022
1 year ago

The GBPUSD pair’s decline stopped at the correctional bullish channel’s support line that appears on the chart, waiting to rebound bullishly to resume the bullish trend on the intraday basis, which its targets begin by breaching 1.2590 to open the way to head towards 1.2725 as a next positive station.


Therefore, we expect to witness positive trades in the upcoming sessions unless breaking 1.2420 and holding below it.



The expected trading range for today is between 1.2440 support and 1.2620 resistance.


Open Live Trading Account

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news


Euro trades near six-month low ahead of major European data
5 hours ago
Euro fell in European trade on Friday against a basket of major rivals, extending losses for the ...
GBP/USD news


Sterling sharpens decline to six-month lows after surprise decision by BOE
23 hours ago
Sterling fell on Thursday after Bank of England announced a surprise pause in the cycle of rate ...
Forex News


Dollar extends gains to six-month high on Fed prospects
1 day ago
US Dollar rose in European trade on Thursday against a basket of major rivals for the third ...

Forex Technical Analysis

NZD USD Analysis


Midday update for the NZDUSD 22-09-2023
2 hours ago
The NZDUSD pair breached 0.5940 level clearly to activate the positive scenario in the upcoming ...
AUD USD Analysis


Midday update for the AUDUSD 22-09-2023
2 hours ago
The AUDUSD pair trades positively to surpass 0.6440 and attempts to hold above it, to hint heading ...
GBP USD Analysis


Midday update for the GBPUSD 22-09-2023
2 hours ago
The GBPUSD pair resumes its negative trading clearly to press on the bearish channel’s ...