The GBPUSD surpasses the target - Analysis - 21-09-2021

Economies.com
2021-09-21 04:05AM UTC

The GBPUSD pair managed to reach 1.3680 level and broke it to close the daily candlestick below it, reinforcing the expectations of extending the bearish wave on the intraday basis, noting that our next station reaches 1.3570.

 

Holding below 1.3680 represents initial condition to continue the suggested negative scenario, as breaching it will lead the price to start recovery attempts that target testing 1.3810 areas on the intraday basis.

 

The expected trading range for today is between 1.3570 support and 1.3740 resistance.

 

The expected trend for today: Bearish

Forex and Currency News

EUR/USD news

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 ...
AUD/USD news

Forex

Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
GBP/USD news

Forex

Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...

Forex Technical Analysis

Technical Analysis

Forex

The GBPAUD prepares to decline – Forecast today – 25-4-2024
2024-04-25 05:48AM UTC
GBPAUD Price Analysis The GBPAUD price confirmed its surrender to the domination of the bearish ...
EUR JPY Analysis

Forex

The EURJPY achieves big gains – Forecast today – 25-4-2024
2024-04-25 05:42AM UTC
EURJPY Pair Analysis The EURJPY pair succeeded to resume the bullish attack since this morning ...
GBP JPY Analysis

Forex

The GBPJPY resumes the rise – Forecast today – 25-4-2024
2024-04-25 05:41AM UTC
GBPJPY Pair Analysis The GBPJPY pair took advantage of the frequent positive pressures to ...