Update: Sterling breaches the initial resistance

Economies.com
2018-07-20 18:57PM UTC

The GBPUSD pair achieved strong breach to 1.3050 level to open the way to achieve more intraday gains, on its way to test 1.3226 level before attempting to return to decline again.

 

Therefore, the bullish bias will be suggested on the intraday basis, waiting to rebound bearishly from 1.3226 areas to resume the main bearish trend again.

Forex and Currency News

USD/JPY news

Forex

Yen hits three-week high as Japanese authorities intervene
2024-05-03 04:57AM UTC
Yen rose in Asian trade on Friday against major rivals, extending gains for the third straight ...
Forex News

Forex

Dollar rebounds ahead of US unemployment claims data
2024-05-02 11:10AM UTC
Dollar rose in European trade on Thursday against a basket of major rivals, resuming gains after a ...
USD/CHF news

Forex

Franc is best performing major currency after Swiss data
2024-05-02 07:52AM UTC
Swiss Franc rallied in European trade on Thursday, extending gains for the second straight day ...

Forex Technical Analysis

Forex

Update: Weak trades, waiting the US economic data
2024-05-03 08:20AM UTC
The major currencies’ pairs and commodities show weak and tight trades since morning, waiting ...
EUR JPY Analysis

Forex

The EURJPY threats the support – Forecast today – 3-5-2024
2024-05-03 07:07AM UTC
Scenarios Scenario 1: Potential for Positive Momentum EURJPY pair unable to shake off negative ...
GBP JPY Analysis

Forex

The GBPJPY fluctuates near the support – Forecast today – 3-5-2024
2024-05-03 07:06AM UTC
Scenarios Scenario 1: Activation of Bullish Momentum GBPJPY pair forms new negative waves, ...