GBPUSD continues to decline – Analysis - 13-08-2018

Economies.com
2018-08-13 04:14AM UTC

The GBPUSD pair settles below the main bearish channel’s support line, and continues to move inside the minor channel that reinforces the chances of continuing the bearish trend in the upcoming period, noticing that the EMA50 keeps pressing negatively on the price.

 

Stochastic begins to lose the positive momentum gradually, to support the decline expectations, noting that our next main target reaches 1.2636, while holding below 1.2825 represents key condition to achieve the waited targets.

 

Expected trading range for today is between 1.2636 support and 1.2825 resistance.

 

Expected trend for today: Bearish

Forex and Currency News

EUR/USD news

Forex

Euro declines to five-week trough amid thin trading
2024-03-29 08:19AM UTC
Euro Decline Amid Holiday Thin Trading Euro declined in European trade on Friday against a basket ...
Forex News

Forex

Dollar hits six-week high ahead of US growth data
2024-03-28 11:38AM UTC
US Dollar's Rise in European Trade The US dollar rose in European trade on Thursday against a ...
EUR/USD news

Forex

Euro sharpens decline to five-week trough on the interest rate gap
2024-03-28 08:30AM UTC
Euro declined in European trade on Thursday against a basket of major rivals, sharpening losses for ...

Forex Technical Analysis

Technical Analysis

Forex

The NZDCAD moves to the bearish track – Forecast today – 29-3-2024
2024-03-29 06:18AM UTC
NZDCAD Pair Forecast for Today - 29-3-2024 The NZDCAD pair surrendered to the negative ...
EUR JPY Analysis

Forex

The EURJPY declines below the support – Forecast today – 29-3-2024
2024-03-29 06:13AM UTC
EURJPY Pair Forecast for Today - 29-3-2024 The EURJPY pair surrendered to the negative ...
GBP JPY Analysis

Forex

The GBPJPY has to decline – Forecast today – 29-3-2024
2024-03-29 06:12AM UTC
GBPJPY Pair Forecast for Today - 29-3-2024 The GBPJPY pair still confined with many negative ...