GBPUSD suffers sharp losses – Analysis - 24-09-2018
Economies.com
2018-09-24 04:23AM UTC
The GBPUSD pair provided strong negative trades on last Friday after breaking 1.3226 level, to surpass our first negative target at 1.3120 and settles below it, paving the way for more decline in the upcoming period, targeting visiting 1.2963 as a next main station.
Therefore, the bearish bias will remain suggested on the intraday basis, noting that breaching 1.3120 will provide initial positive motive that will push the price to test 1.3226 level as a first positive target.
Expected trading range for today is between 1.2960 support and 1.3150 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 CADJPY settles within the bullish track – Forecast today – 24-4-2024
2024-04-24 05:44AM UTC
CADJPY Price Analysis Expected Scenario The CADJPY price kept its consolidation within ...
Forex
The EURJPY surpasses the resistance – Forecast today – 24-4-2024
2024-04-24 05:38AM UTC
EURJPY Price Analysis Expected Scenario The EURJPY pair didn’t get enough of ...
Forex
The GBPJPY achieves the targets – Forecast today – 24-4-2024
2024-04-24 05:37AM UTC
Suggested Scenarios and Trading Range Analysis Scenario: Sustained Bullish Momentum The ...