The GBPUSD tests the key support - Analysis - 25-01-2023
Economies.com
2023-01-25 04:36AM UTC
The GBPUSD pair provided more negative trades to break the intraday bullish channel’s support line and test the critical support 1.2320, noticing that the price consolidates above this support until now, accompanied by witnessing positive signals through stochastic, which supports the chances of resuming the bullish trend that its targets begin by breaching 1.2440 to open the way to head towards 1.2590.
On the other hand, we should note that breaking 1.2320 will put the price under additional negative pressure that targets 1.2160 areas initially.
The expected trading range for today is between 1.2250 support and 1.2420 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Euro trades near three-week trough on cautious remarks
2023-12-05 07:40AM UTC
Euro fell in European trade on Tuesday against a basket of major rivals, extending losses for the ...
Forex
Dollar moves in positive zone despite prospects of early rate cuts
2023-12-04 11:59AM UTC
Dollar rose in European trade on Monday against a basket of major rivals, on track for the third ...
Forex
Sterling gives up three-month high against euro on profit-taking
2023-12-04 11:31AM UTC
Sterling fell in European trade on Monday against euro away from three-month highs and on track for ...
Forex Technical Analysis
Forex
Evening update analysis for the EURUSD 05-12-2023
2023-12-05 17:01PM UTC
The EURUSD pair shows additional bearish bias to approach our waited negative target at 1.0760, and ...
Forex
Midday update for the GBPUSD 05-12-2023
2023-12-05 10:35AM UTC
The GBPUSD pair fluctuates near the EMA50, and it keeps its stability above 1.2590 level, keeping ...
Forex
Midday update for the EURUSD 05-12-2023
2023-12-05 10:35AM UTC
The EURUSD pair resumes its negtaive trading in attempt to move away from 1.0860 level, rienforcing ...