The GBPUSD tests the channel’s support line - Analysis - 15-08-2022
Economies.com
2022-08-15 04:09AM UTC
The GBPUSD pair achieved the expected decline to touch the bullish channel’s support line and settles there, accompanied by witnessing positive signals through stochastic, waiting to motivate ethe price to rebound bullishly and resume the main bullish trend, noting that the positive targets begin at 1.2250 and extend to 1.2400.
Therefore, we will keep our bullish overview, noting that breaking 1.2100 followed by 1.2077 levels will stop the expected rise and press on the price to turn to decline.
The expected trading range for today is between 1.2050 support and 1.2210 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Euro backs off three-month ahead of European inflation data
2023-11-30 08:23AM UTC
Euro fell in European trade on Thursday against a basket of major rivals, extending losses for ...
Forex
Dollar slides to three-month trough ahead of US growth data
2023-11-29 11:07AM UTC
Dollar declined in European trade on Wednesday against a basket of major rivals, sharpening losses ...
Forex
Euro climbs above $1.1 for first time in three months
2023-11-29 07:28AM UTC
Euro rose in European trade on Wednesday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
Midday update for the GBPUSD 30-11-2023
2023-11-30 09:19AM UTC
The GBPUSD pair trades with clear negativity to start pressing on 1.2665 level and head towards ...
Forex
Midday update for the EURUSD 30-11-2023
2023-11-30 09:19AM UTC
The EURUSD pair faces strong negative pressure to break 1.0960 and attack the bullish ...
Forex
The EURJPY exits the bullish track – Analysis – 30-11-2023
2023-11-30 05:49AM UTC
The EURJPY pair succeeded to break the bullish channel’s support line at 161.70, to notice ...