The GBPUSD under the negative pressure – Analysis - 09-10-2019
Economies.com
2019-10-09 04:38AM UTC
The GBPUSD pair achieved a strong break to the bullish trend line that appears in the image and settled below it, to achieve the expected initial target at 1.2215 and settles there, which puts the price under more of the expected negative pressure in the upcoming period, in its way to resume the main bearish trend.
Therefore, the bearish bias will be preferred for today, and the next target at 1.2100, pointing that the continuation of the expected decline requires holding below 1.2295 level.
The expected trading range for today is between 1.2120 support and 1.2295 resistance.
The expected trend for today: Bearish
Forex and Currency News
Forex
Dollar regains footing ahead of important Fed remarks
2024-05-07 11:34AM UTC
Dollar rose in European trade on Tuesday against a basket of major rivals, holding ground above ...
Forex
Aussie is worst performing major currency after RBA's decision
2024-05-07 08:01AM UTC
The Australian dollar fell in European trade on Tuesday against a basket of major rivals, moving ...
Forex
Yen extends losses as intervention momentum from Japanese authorities fades
2024-05-07 04:03AM UTC
Yen lost ground in Asian trade against a basket of major rivals, heading for the second loss in a ...
Forex Technical Analysis
Forex
The EURJPY achieves some targets – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Bullish Attack EURJPY pair utilizes ...
Forex
The GBPJPY begins to rise – Forecast today – 7-5-2024
2024-05-07 05:33AM UTC
Expected Scenarios and Trading Range Scenario 1: Correctional Decline Ended GBPJPY pair ...
Forex
The USDCHF price attempts to recover – Forecast today - 07-05-2024
2024-05-07 03:51AM UTC
USDCHF Price Analysis The USDCHF price shows positive trades, indicating a potential resumption ...