The GBPUSD visits the channel’s resistance – Analysis - 19-07-2019
Economies.com
2019-07-19 04:54AM UTC
The GBPUSD pair traded with strong positivity yesterday to breach 1.2476 level and rallies towards the bearish channel’s resistance that appears on the chart, noticing that stochastic continues to provide the overbought signals, which we believe it will assist to push the price to rebound bearishly and resume the main bearish trend again.
Therefore, we suggest witnessing negative trades in the upcoming sessions conditioned by the price stability below 1.2580, noting that breaking 1.2500 will reinforce the expectations of continuing the bearish trend that its next main target located at 1.2300.
The expected trading range for today is between 1.2450 support and 1.2620 resistance.
The expected trend for today: Overall Bearish
Forex and Currency News
Forex
Yen extends losses as Banks of Japan holds off intervention
2024-05-17 04:36AM UTC
Yen fell in Asian trade on Friday against a basket of major rivals, extending losses for the second ...
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 17-05-2024
2024-05-17 09:10AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provides additional negative ...
Forex
The EURUSD price forecast update - 17-05-2024
2024-05-17 09:09AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price shows additional negative trades ...
Forex
The GBPCHF repeats the attempt to exit the negative track – Forecast today – 17-5-2024
2024-05-17 07:18AM UTC
GBPCHF Price Analysis Expected Scenario The GBPCHF price returned to form new bullish ...