GBPUSD surpasses the resistance – Analysis - 12-10-2018
Economies.com
2018-10-12 04:09AM UTC
The GBPUSD pair managed to breach 1.3223 level and closed the last four hours’ candlestick above it, which supports the continuation of our bullish overview in the upcoming sessions, paving the way to head towards 1.3325 that represents our next main target.
Therefore, we will continue to suggest the bullish trend supported by the EMA50, taking into consideration that breaking 1.3223 and trading below it might press the price to test 1.3115 areas initially before any new attempt to rise.
Expected trading range for today is between 1.3165 support and 1.3325 resistance.
Expected trend for today: Bullish
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 GBPUSD forecast update 24-04-2024
2024-04-24 09:29AM UTC
The GBPUSD price shows negative trades to head towards testing the key support 1.2385$, which ...
Forex
The EURUSD price forecast update - 24-04-2024
2024-04-24 09:29AM UTC
Analysis of Expected Scenarios The EURUSD price begins to rebound bearishly after testing ...
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 ...