GBPUSD confirms the break – Analysis - 07-08-2018
Economies.com
2018-08-07 04:17AM UTC
The GBPUSD pair managed to confirm breaking 1.2962 level after closing the daily candlestick below it, which supports the continuation of our bearish overview efficiently in the upcoming period, noting that our next targets extend to reach 1.2810 followed by 1.2636.
The EMA50 keeps supporting the suggested bearish wave, noting that breaching 1.2962 might push the price to achieve intraday gains that start at 1.3060 and extend to 1.3155 before any new attempt to decline.
Expected trading range for today is between 1.2840 support and 1.3000 resistance.
Expected trend for today: Bearish
Forex and Currency News
Forex
Euro parks at two-week high amid positive sentiment
2024-04-24 07:41AM UTC
Euro rose in European trade on Wednesday, widening gains for the fourth straight session and ...
Forex
Aussie gains ground despite mixed data
2024-04-23 20:58PM UTC
The Australian dollar rose against a basket of major rivals on Tuesday following mixed ...
Forex
Sterling loses ground under pressure from BOE
2024-04-23 07:35AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, extending losses for ...
Forex Technical Analysis
Forex
The GBPAUD prepares to decline – Forecast today – 25-4-2024
2024-04-25 05:48AM UTC
GBPAUD Price Analysis The GBPAUD price confirmed its surrender to the domination of the bearish ...
Forex
The EURJPY achieves big gains – Forecast today – 25-4-2024
2024-04-25 05:42AM UTC
EURJPY Pair Analysis The EURJPY pair succeeded to resume the bullish attack since this morning ...
Forex
The GBPJPY resumes the rise – Forecast today – 25-4-2024
2024-04-25 05:41AM UTC
GBPJPY Pair Analysis The GBPJPY pair took advantage of the frequent positive pressures to ...