Midday update for the GBPUSD 06-08-2020

Economies.com
2020-08-06 09:03AM UTC

The GBPUSD pair provides new positive trades to approach our waited target at 1.3200, and the EMA50 continues to support the price from below, to keep our bullish overview that depends on the price stability above 1.3000, noting that surpassing the mentioned target will push the price to 1.3290 as a next station.

 

The expected trading range for today is between 1.3050 support and 1.3220 resistance.

 

The expected trend for today: Bullish

Forex and Currency News

EUR/USD news

Forex

Euro approaches week high amid positive outlook
2024-04-18 08:30AM UTC
Euro rose in European trade on Thursday against a basket of major rivals, extending gains for the ...
Forex News

Forex

Dollar gives up five-month high on profit-taking
2024-04-17 10:56AM UTC
The dollar lost ground in European trade on Wednesday against a basket of major rivals away from ...
GBP/USD news

Forex

Sterling starts recovering after hot UK inflation data
2024-04-17 06:43AM UTC
Sterling rose in European trade on Wednesday for the first time in four days against the dollar, ...

Forex Technical Analysis

EUR USD Analysis

Forex

The EURUSD price forecast update - 18-04-2024
2024-04-18 11:08AM UTC
The EURUSD price shows more bullish bias to approach 1.0715$ level, and as we mentioned this ...
Technical Analysis

Forex

The CADCHF takes advantage of the support line stability – Forecast today – 18-4-2024
2024-04-18 05:38AM UTC
CADCHF Price Analysis Expected Scenario The CADCHF takes advantage of the stability of ...
EUR JPY Analysis

Forex

The EURJPY seeks an escape – Forecast today – 18-4-2024
2024-04-18 05:34AM UTC
EURJPY Pair Price Analysis Expected Scenario The EURJPY pair formed more bullish waves ...