The GBPUSD returns to the channel - Analysis - 20-12-2021
Economies.com
2021-12-20 05:14AM UTC
The GBPUSD pair continued to decline to confirm stopping the bullish correction mentioned in our previous reports and returns to the main bearish channel, to head towards resuming the bearish track that its first target located at 1.3160, noting that breaking this level will extend the bearish wave to reach 1.3000 areas.
Therefore, the bearish bias will be suggested for today, noting that breaching 1.3265 will push the price to start new recovery attempts that start by testing 1.3315 areas.
The expected trading range for today is between 1.3130 support and 1.3290 resistance.
The expected trend for today: Bearish
Forex and Currency News
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
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex Technical Analysis
Forex
The NZDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
NZDUSD Price Analysis Expected Scenario The NZDUSD price shows new positive trades now, ...
Forex
The AUDUSD price forecast update 25-04-2024
2024-04-25 09:42AM UTC
AUDUSD Price Analysis Expected Scenario The AUDUSD price resumes its positive trading ...
Forex
The GBPUSD forecast update 25-04-2024
2024-04-25 09:42AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price rallies upwards strongly to ...