The GBPUSD forecast update 02-05-2024
Economies.com
2024-05-02 09:06AM UTC
GBPUSD Trading Report
The GBPUSD price shows weak trades since morning, settling above 1.2500$ barrier, thus, no change to the expected bullish trend for today, which targets 1.2580$ level as a next station, reminding you that breaching it will extend the bullish wave to reach 1.2700$, while holding above 1.2480$ represents key condition to the continuation of the expected rise.
The expected trading range for today is between 1.2460$ support and 1.2630$ resistance.
Trend forecast: Bullish
Forex and Currency News
Forex
Euro extends gains to two-month highs amid positive outlook
2024-05-16 08:33AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
Yen gains ground as US treasury yields dip
2024-05-16 04:20AM UTC
Yen rose in Asian trade on Thursday against a basket of major rivals, extending gains for the ...
Forex
US Dollar extends losses after inflation data
2024-05-15 20:25PM UTC
The US dollar fell against most major rivals on Wednesday, extending losses after the release of US ...
Forex Technical Analysis
Forex
The GBPUSD forecast update 16-05-2024
2024-05-16 09:26AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price shows some bearish bias to head ...
Forex
The EURUSD price forecast update - 16-05-2024
2024-05-16 09:25AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price faces negative pressure now to ...
Forex
The NZDCAD regains the bullish track – Forecast today – 16-5-2024
2024-05-16 05:41AM UTC
NZDCAD Price Analysis Expected Scenario The NZDCAD price succeeded in regaining the ...