The GBPUSD returns to achieve the positive targets - Analysis - 19-02-2021
Economies.com
2021-02-19 05:01AM UTC
The GBPUSD pair kept rising strongly yesterday to touch the first positive target at 1.3975 and settles near it, to confirm regaining the main bullish trend, on its way to achieve more gains that we expect to reach 1.4200 on the near-term basis.
Therefore, the bullish bias will be suggested for today, noting that breaking 1.3935 will stop the expected rise and press on the price to test 1.3820 areas initially.
The expected trading range for today is between 1.3900 support and 1.4050 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Sterling surges to 16-year peak against yen
2024-04-26 08:11AM UTC
Sterling rose in European trade on Friday against a basket of major rivals, extending gains for the ...
Forex
Dollar tumbles to two-week lows ahead of US growth data
2024-04-25 11:18AM UTC
Dollar fell in European trade on Thursday against a basket of major rivals, resuming losses and ...
Forex
Euro scales 16-year peak against yen
2024-04-25 07:51AM UTC
Euro rallied in Asian trade on Thursday against the yen, extending gains for the fifth straight ...
Forex Technical Analysis
Forex
The EURUSD price forecast update - 26-04-2024
2024-04-26 10:58AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price settles above 1.0715$ level, ...
Forex
The EURCAD under the negative pressure – Forecast today – 26-4-2024
2024-04-26 06:52AM UTC
EURCAD Price Analysis Expected Scenario The EURCAD price repeated the negative closings ...
Forex
The EURJPY achieves the second target – Forecast today – 26-4-2024
2024-04-26 06:47AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair formed new bullish rally ...