The GBPUSD touches the target - Analysis - 24-05-2022
Economies.com
1 year ago
The GBPUSD pair managed to touch our waited target at 1.2590 and faces solid resistance there, noticing that stochastic begins to get rid of its negative momentum, to support the chances of resuming the positive trades and attempt to surpass the mentioned level to open the way to rally towards the next positive target that reaches 1.2725.
Therefore, we will continue to suggest the bullish trend for the upcoming period, noting that failing to breach 1.2590 will force the price to rebound bearishly and visit 1.2420 areas initially.
The expected trading range for today is between 1.2500 support and 1.2650 resistance.
The expected trend for today: Bullish
Forex and Currency News
Forex
Dollar loses ground but still heads for best quarterly performance in a year
1 day ago
Dollar fell off ten-month highs against a basket of major rivals while on track for the largest ...
Forex
Euro resumes gains as dollar heaps pressure
1 day ago
Euro rose on Friday against a basket of major rivals amid mounting pressures on the US dollar ...
Forex
Yen rebounds from 11-month nadir
1 day ago
Dollar fell against yen on Friday after yen marked 11-month lows recently following strong hints by ...
Forex Technical Analysis
Forex
Midday update for the NZDUSD 29-09-2023
1 day ago
The NZDUSD pair managed to achieve our waited target at 0.6020 and breaches it to attempt to hold ...
Forex
Midday update for the AUDUSD 29-09-2023
1 day ago
The AUDUSD pair shows more bullish rally to approach 0.6500 barrier, reinforcing the expectations ...
Forex
Midday update for the GBPUSD 29-09-2023
1 day ago
The GBPUSD pair shows more rise to reach the thresholds of the waited target at 1.2280, and the way ...