The GBPUSD forecast update 23-04-2024
Economies.com
2024-04-23 11:05AM UTC
The GBPUSD price tested the key resistance 1.2385$ and bounced bearishly from there, to keep the bearish trend scenario active for today, supported by the negative pressure formed by the EMA50, reminding you that our next target is located at 1.2265$.
Note that breaching 1.2385$ will stop the expected decline and lead the price to start recovery attempts that target visiting 1.2480$ areas initially.
The expected trading range for today is between 1.2270$ support and 1.2420$ resistance.
Trend forecast: Bearish
Forex and Currency News
Forex
Dollar under pressure ahead of inflation data, Powell's speech
2024-05-14 10:58AM UTC
Dollar fell in European trade on Tuesday against a basket of major rivals, on track for the second ...
Forex
Yen tumbles to two-week lows, triggering concerns of official Japanese intervention
2024-05-14 04:08AM UTC
Yen fell in Asian trade on Tuesday against a basket of major rivals, sharpening losses for the ...
Forex
Dollar moves in negative zone ahead of Fed remarks
2024-05-13 11:52AM UTC
Dollar fell in European trade on Monday against a basket of major rivals, resuming losses and ...
Forex Technical Analysis
Forex
Update: The EURUSD breaches the resistance
2024-05-14 15:07PM UTC
The EURUSD price rallied upwards to attack 1.0795$ and close the last four hours’ candlestick ...
Forex
Zscaler price ends cautiously higher - Forecast today - 14-05-2024
2024-05-14 10:13AM UTC
Zscaler’s stock price (ZS) rose in the intraday levels, amid the dominance of the downward ...
Forex
Marvel Technology price touches SMA resistance - Forecast today - 14-05-2024
2024-05-14 10:12AM UTC
Marvel Technology’s stock price (MRVL) rose in the intraday levels, touching the resistance ...